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NYSE:RTX

RTX (RTX) Stock Price, News & Analysis

$117.26
-0.69 (-0.58%)
(As of 08/21/2024 ET)
Today's Range
$116.96
$118.64
50-Day Range
$99.55
$118.35
52-Week Range
$68.56
$118.99
Volume
3.05 million shs
Average Volume
7.26 million shs
Market Capitalization
$155.90 billion
P/E Ratio
45.99
Dividend Yield
2.15%
Price Target
$153.47

RTX MarketRank™ Stock Analysis

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
30.9% Upside
$153.47 Price Target
Short Interest
Healthy
1.33% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.81
Upright™ Environmental Score
News Sentiment
0.57mentions of RTX in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$20.86 M Sold Last Quarter
Proj. Earnings Growth
18.20%
From $5.44 to $6.43 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.76 out of 5 stars

Aerospace Sector

2nd out of 46 stocks

Aircraft Engines & Engine Parts Industry

2nd out of 4 stocks

RTX stock logo

About RTX Stock (NYSE:RTX)

Raytheon Technologies Corporation is a multinational aerospace and defense company providing advanced systems and services worldwide to commercial, military and government customers. Headquartered in Arlington, Virginia, Raytheon Technologies is one of the world's largest aerospace and defense manufacturers by revenue and market capitalization. The company is also one of the largest providers of intelligence services. Gregory J. Hayes is the chairman and CEO of the combined company. 

Raytheon Company was founded in 1922. The original location for the company was Cambridge, Massachusetts. Vannevar Bush, Laurence K. Marshall and Charles G. Smith originally started Raytheon as the American Appliance Company. 

Raytheon Manufacturing Company changed its name to Raytheon Manufacturing Company in 1925. After the name change, Raytheon Manufacturing Company began marketing its rectifier. During World War II, Raytheon designed and built magnetron tubes for microwave radar sets. It later went on to construct complete radar systems. 

Raytheon's Percy Spencer invented the microwave oven in 1945. While eating lunch, he discovered that the magnetron could rapidly heat food. Raytheon acquired the marine electronics company Apelco Applied Electronics in 1959 and after the acquisition, the company changed its name to Raytheon Company. 

In 1991, during the Persian Gulf War, Raytheon's Patriot missile received great international exposure, increasing sales for the company outside the United States. In 1995, it acquired Dallas-based E-Systems. In 1997, it acquired the defense unit of Texas Instruments, Defense Systems and Electronics Group and the defense portion of Delco Electronics (Delco Systems Operations). In 2005, it acquired Boeing's Rocketdyne division. 

Raytheon Technologies formed in April 2020 due to a merger between Raytheon Company and the aerospace subsidiaries United Technologies Corporation (UTC). Before the merger, UTC spun off its non-aerospace subsidiaries, including Otis Elevator Company and Carrier Corporation and changed its name to Raytheon Technologies, relocating its headquarters to Waltham, Massachusetts. The company's operations have four main segments: Collins aerospace systems, Pratt and Whitney, Raytheon intelligence and space and Raytheon missiles and defense. 

Collins Aerospace Systems is a global provider of aerospace and defense products and aftermarket services for aircraft manufacturers, airlines, general aviation and defense and commercial space operations. 

The aerospace segment offers a wide range of products and services, including:

  • Cabin interiors
  • Food and beverage preparation
  • Oxygen systems
  • Storage and galley systems
  • Communications and aviation systems
  • Lavatory and wastewater management systems
  • Airborne intelligence
  • Surveillance and reconnaissance systems
  • Crew escape systems
  • Test and training range systems
  • Simulation and training solutions
  • Information management services
  • Aftermarket services that include spare parts, engineering and technical support, overhaul and repair, information management services and training and fleet management solutions

The Pratt and Whitney segment supplies aircraft engines for general aviation customers, military aviation, commercial jets and business jets. It produces, sells and services military and commercial auxiliary power units. 

The Raytheon intelligence and space segment develops and provides integrated space, communication and sensor systems for missions, training and cyber and software solutions to intelligence, defense, federal and commercial customers. This includes advanced sensors, training and cyber and software solutions. 

The Raytheon missiles and defense segment designs, develops and produces air and missile defense systems; land-based and sea-based radars; defensive and combat solutions; command, control, intelligence and communications solutions and naval and undersea sensor solutions for the U.S. and foreign government customers. 

As a large military contractor, Raytheon Technologies gets a significant portion of its revenue from the U.S. government. The company is committed to innovation and holds an impressive portfolio of over 65,000 patents and applications, making Raytheon Technologies an industry leader in developing advanced aerospace and defense solutions. 

Raytheon Technologies is constantly striving to develop new, innovative products and services for its customers and has made significant investments in research and development over the years. Its dedication to research and development has enabled the company to create an extensive range of advanced products and services, including aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites and drones. 

RTX Stock Price History

RTX Stock News Headlines

RTX Co. (NYSE:RTX) CEO Sells 4,235 Shares
Grab this ETF paying a huge 22% dividend
Imagine a world where you don't have to stress about inflation eroding your savings... Where your paycheck worries melt away...
M-VBPO Raytheon 390 Premier 1A business aircraft running to the Kiev International Airport parking
Aerospace Stock Fires Up a Solid EPS Beat and Raises Guidance
Leading aerospace and defense contractor RTX Co. (NYSE: RTX) shares surged to new 52-week highs after reporting robust Q2 2024 earnings.
RTX Corporation: Worth $143 Despite Cash Blow
Grab this ETF paying a huge 22% dividend
Imagine a world where you don't have to stress about inflation eroding your savings... Where your paycheck worries melt away...
Nvidia's RTX 4090 Versus The RTX 4080 SUPER
RTX (NYSE:RTX) Reaches New 52-Week High at $118.99
See More Headlines
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Company Calendar

Ex-Dividend for 6/13 Dividend
5/16/2024
Dividend Payable
6/13/2024
Last Earnings
7/25/2024
Ex-Dividend for 9/5 Dividend
8/16/2024
Today
8/21/2024
Dividend Payable
9/05/2024
Next Earnings (Estimated)
10/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Aerospace
Industry
Aircraft engines & engine parts
Sub-Industry
Aircraft
CUSIP
75511150
Employees
185,000
Year Founded
2020

Price Target and Rating

Average Stock Price Target
$153.47
High Stock Price Target
$493.00
Low Stock Price Target
$68.00
Potential Upside/Downside
+30.9%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
17 Analysts

Profitability

Net Income
$3.20 billion
Pretax Margin
3.72%

Debt

Sales & Book Value

Annual Sales
$72.42 billion
Cash Flow
$7.93 per share
Book Value
$42.71 per share

Miscellaneous

Outstanding Shares
1,329,506,000
Free Float
1,327,778,000
Market Cap
$155.90 billion
Optionable
Optionable
Beta
0.82

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RTX Stock Analysis - Frequently Asked Questions

How have RTX shares performed this year?

RTX's stock was trading at $84.14 at the beginning of the year. Since then, RTX stock has increased by 39.4% and is now trading at $117.2650.
View the best growth stocks for 2024 here
.

How were RTX's earnings last quarter?

RTX Co. (NYSE:RTX) posted its earnings results on Thursday, July, 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.11. The firm's revenue for the quarter was up 7.7% on a year-over-year basis.
Read the conference call transcript
.

Is RTX buying back stock?

RTX's board approved a share repurchase program on Monday, December 12th 2022, which authorizes the company to repurchase $6,000,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 4.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

What is Gregory J. Hayes' approval rating as RTX's CEO?

184 employees have rated RTX Chief Executive Officer Gregory J. Hayes on Glassdoor.com. Gregory J. Hayes has an approval rating of 84% among the company's employees.

Does RTX have any subsidiaries?

The following companies are subsidiaries of RTX: Blue Canyon Technologies, United Technologies, Foreground Security, Forcepoint, Blackbird Technologies, Visual Analytics, Raytheon Secure Information Systems, and others.

Who are RTX's major shareholders?

RTX's top institutional shareholders include Massachusetts Financial Services Co. MA (1.17%), Bank of New York Mellon Corp (0.72%), Legal & General Group Plc (0.64%) and Ameriprise Financial Inc. (0.62%). Insiders that own company stock include Gregory Hayes, Stephen J Timm, Robert Kelly Ortberg, Christopher T Calio, Neil G Mitchill Jr, Kevin G Dasilva, Dantaya M Williams, Amy L Johnson, Ramsaran Maharajh, James A Winnefeld Jr, Shane G Eddy, Wesley D Kremer, Michael R Dumais and Tracy A Atkinson.
View institutional ownership trends
.

How do I buy shares of RTX?

Shares of RTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of RTX own?

Based on aggregate information from My MarketBeat watchlists, some other companies that RTX investors own include AT&T (T), Johnson & Johnson (JNJ), NVIDIA (NVDA), Boeing (BA), Intel (INTC), Cisco Systems (CSCO) and Home Depot (HD).

This page (NYSE:RTX) was last updated on 8/22/2024 by MarketBeat.com Staff

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