During the last session, RTX Corp (NYSE:RTX)’s traded shares were 13.16 million, with the beta value of the company hitting 0.94. At the end of the trading day, the stock’s price was $99.31, reflecting an intraday gain of 1.80% or $1.76. The 52-week high for the RTX share is $104.91, that puts it down -5.64 from that peak though still a striking 30.96% gain since the share price plummeted to a 52-week low of $68.56. The company’s market capitalization is $132.05B, and the average intraday trading volume over the past 10 days was 8.2 million shares, and the average trade volume was 8.15 million shares over the past three months.
RTX Corp (NYSE:RTX) trade information
RTX Corp (RTX) registered a 1.80% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.80% in intraday trading to $99.31, hitting a weekly high. The stock’s 5-day price performance is 1.91%, and it has moved by 10.27% in 30 days. Based on these gigs, the overall price performance for the year is -1.26%. The short interest in RTX Corp (NYSE:RTX) is 40.44 million shares and it means that shorts have 4.64 day(s) to cover.
RTX Corp (RTX) estimates and forecasts
Statistics show that RTX Corp has underperformed its competitors in share price, compared to the industry in which it operates. RTX Corp (RTX) shares have gone up 40.71% during the last six months, with a year-to-date growth rate less than the industry average at 6.52% against 14.30. In the rating firms’ projections, revenue will increase 5.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $17.06 billion as predicted by 16 analyst(s). Meanwhile, a consensus of 16 analyst(s) estimates revenue growth to $17.91 billion by the end of Jun 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -19.30%. While earnings are projected to return 6.68% in 2024, the next five years will return 11.29% per annum.
RTX Dividends
RTX Corp is due to release its next quarterly earnings between April 23 and April 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for RTX Corp is 2.36, with the dividend yield indicating at 2.38 percent, continuing the trend of increasing dividends in recent years.
RTX Corp (NYSE:RTX)’s Major holders
RTX Corp insiders own 0.09% of total outstanding shares while institutional holders control 87.11%, with the float percentage being 87.19%. Vanguard Group Inc is the largest shareholder of the company, while 2,781 institutions own stock in it. As of Jun 29, 2023, the company held over 125.3 million shares (or 8.61% of all shares), a total value of $12.27 billion in shares.
The next largest institutional holding, with 124.35 million shares, is of State Street Corporation’s that is approximately 8.54% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $12.18 billion.
Also, the Mutual Funds coming in first place with the largest holdings of RTX Corp (RTX) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 45.58 million shares. This amounts to just over 3.13 percent of the company’s overall shares, with a $4.47 billion market value. The same data shows that the other fund manager holds slightly less at 34.79 million, or about 2.39% of the stock, which is worth about $3.41 billion.
