RTX Corp (NYSE: RTX) is 47.84% higher on its value in year-to-date trading and has touched a low of $68.56 and a high of $123.70 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 $121.16 in the last trading session, with the day’s gains setting it 3.23%.
Currently trading at $124.39, the stock is 3.83% and 5.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.95 million and changing 2.67% at the moment leaves the stock 22.48% off its SMA200. RTX registered 72.84% gain for a year compared to 6-month gain of 26.22%. The firm has a 50-day simple moving average (SMA 50) of $117.9378 and a 200-day simple moving average (SMA200) of $101.7647.
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The stock witnessed a 0.85% loss in the last 1 month and extending the period to 3 months gives it a 23.88%, and is 3.62% 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 1.74% over the week and 1.67% over the month.
RTX Corp (RTX) has around 185000 employees, a market worth around $165.47B and $72.42B in sales. Current P/E ratio is 71.97 and Fwd P/E is 20.20. Profit margin for the company is 3.12%. Distance from 52-week low is 81.45% and 0.56% from its 52-week high. The company has generated returns on investments over the last 12 months (2.25%).
with sales reaching $19.86B over the same period.The EPS is expected to grow by 8.19% this year, but quarterly earnings will post 7.10% year-over-year. Quarterly sales are estimated to grow 6.80% in year-over-year returns.
RTX Corp (RTX) Top Institutional Holders
2920.0 institutions hold shares in RTX Corp (RTX), with institutional investors hold 83.16% of the company’s shares. The shares outstanding are 1.33B, and float is at 1.33B with Short Float at 0.95%. Institutions hold 83.09% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 115.89 million shares valued at $11.63 billion. The investor’s holdings represent 8.7174% of the RTX Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 115.24 million shares valued at $11.57 billion to account for 8.6685 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 95.79 million shares representing 7.2057% and valued at over $9.62 billion, while CAPITAL RESEARCH GLOBAL INVESTORS holds 6.8824 of the shares totaling 91.49 million with a market value of $9.19 billion.
RTX Corp (RTX) Insider Activity
The most recent transaction is an insider sale by HAYES GREGORY, the company’s Executive Chairman. SEC filings show that HAYES GREGORY sold 134,887 shares of the company’s common stock on Jul 31 ’24 at a price of $117.74 per share for a total of $15.88 million. Following the sale, the insider now owns 0.57 million shares.
RTX Corp disclosed in a document filed with the SEC on Jul 30 ’24 that Mitchill Neil G. JR (EVP, Chief Financial Officer) sold a total of 4,322 shares of the company’s common stock. The trade occurred on Jul 30 ’24 and was made at $115.43 per share for $0.5 million. Following the transaction, the insider now directly holds 66470.0 shares of the RTX stock.
Still, SEC filings show that on Jul 31 ’24, Gregory Hayes (Officer) Proposed Sale 134,887 shares at an average price of $117.74 for $15.88 million. The insider now directly holds shares of RTX Corp (RTX).
