RTX Co. Stock Hits 12-Month High Amid Analyst Upgrades and Dividend Increase

ARLINGTON, VA – RTX Co. (NYSE:RTX) is enjoying a surge on Wall Street as its stock climbed 3.2% to a 12-month high of $146.02. The increase comes after a strong earnings report and several analyst upgrades, along with a dividend boost that has helped create a positive outlook for the company.

Recent reports show that RTX generated earnings per share (EPS) of $1.47, exceeding the expected $1.35, and revenue of $20.31 billion, which surpassed the forecast of $19.80 billion. Analysts are optimistic, with a consensus rating of ‘Buy’ and an average price target of $159.82, reflecting strong confidence in the stock’s potential for further growth.

RTX’s management recently raised its quarterly dividend from $0.63 to $0.68 per share, signaling a commitment to returning value to shareholders. This increase is seen as a sign of confidence in the company’s future cash flow.

Despite the positive developments, some insiders sold significant portions of their shares. Executive Vice Presidents Amy L. Johnson and Dantaya M. Williams sold shares valued at more than $528,000 and $2.3 million, respectively. Additionally, institutional investor Hennessy Advisors Inc. reduced its stake by 21.9%. Nonetheless, hedge funds and other institutional investors still hold 86.50% of the stock, indicating substantial backing for the company.

RTX has experienced a strong performance trajectory in the defense sector, with analysts maintaining a bullish perspective amid the internal sell-offs. The stock is positioned to continue attracting investor interest moving forward.