RTX Corp (NYSE: RTX) is 23.22% higher on its value in year-to-date trading and has touched a low of $68.56 and a high of $108.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RTX stock was last observed hovering at around $101.62 in the last trading session, with the day’s gains setting it 2.06%.
Currently trading at $103.68, the stock is 1.77% and -0.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.14 million and changing 2.03% at the moment leaves the stock 13.74% off its SMA200. RTX registered 7.81% gain for a year compared to 6-month gain of 20.10%.
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The stock witnessed a -1.29% loss in the last 1 month and extending the period to 3 months gives it a 3.66%, and is 2.54% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.81% over the week and 1.72% over the month.
RTX Corp (RTX) has around 185000 employees, a market worth around $137.84B and $71.01B in sales. Current P/E ratio is 40.67 and Fwd P/E is 16.98. Profit margin for the company is 4.90%. Distance from 52-week low is 51.24% and -4.57% from its 52-week high. The company has generated returns on investments over the last 12 months (3.34%).
The EPS is expected to grow by 6.50% this year.
RTX Corp (RTX) Top Institutional Holders
The shares outstanding are 1.33B, and float is at 1.33B with Short Float at 1.30%.
RTX Corp (RTX) Insider Activity
The most recent transaction is an insider sale by Timm Stephen J.,the company’sPresident, Collins Aerospace. SEC filings show that Timm Stephen J. sold 19,880 shares of the company’s common stock on May 10 ’24 at a price of $105.72 per share for a total of $2.1 million. Following the sale, the insider now owns 0.15 million shares.
RTX Corp disclosed in a document filed with the SEC on Apr 30 ’24 that Ortberg Robert Kelly (Director) sold a total of 10,295 shares of the company’s common stock. The trade occurred on Apr 30 ’24 and was made at $101.97 per share for $1.05 million. Following the transaction, the insider now directly holds 0.13 million shares of the RTX stock.
Still, SEC filings show that on Apr 25 ’24, HAYES GREGORY (Chairman and CEO) disposed off 89,762 shares at an average price of $101.44 for $9.11 million. The insider now directly holds 636,759 shares of RTX Corp (RTX).
