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Wednesday, February 1, 2023

What Are The Chances Of Raytheon Technologies Corporation (NYSE: RTX) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Raytheon Technologies Corporation (RTX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.07, or -0.07%, to $99.52. The Raytheon Technologies Corporation has recorded 144,713 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Raytheon Technologies Named Top Aerospace and Defense Company on JUST Capital and CNBC’s JUST 100 Ranking.


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Stocks Info

As a NYSE listed company, RTX falls under the Industrials sector while operating within the Aerospace & Defense industry segment. At the end of the last regular session, the stock closed at $99.59 and fluctuated between $100.33 as its day high and $98.93 as its day low. The current market capitalization of Raytheon Technologies Corporation is $144.15B. A total of 4.52 million shares were traded on the day, compared to an average of 4.57M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RTX has seen 5 BUY and 10 SELL insider trades, representing the acquisition of 88,639 and the disposition of 79,214 shares. Over the last 12 months, there were 33 BUYs and 52 SELLs from insiders. Insiders purchased 458,933 shares during that period but sold 283,505.

In the most recent transaction, HAYES GREGORY sold 4,260 shares of RTX for 99.16 per share on Dec 02. After the transaction, the Chairman and CEO now owns 453,685 company shares. In a previous transaction on Nov 03, Eddy Shane G sold 3,343 shares at 95.53 per share. RTX shares that President, P&W owns now total 24,176.

Among the insiders who sold shares, Calio Christopher T. disposed of 1,697 shares on Oct 31 at a per-share price of $94.26. This resulted in the Chief Operating Officer holding 44,562 shares of RTX after the transaction. In another insider transaction, Williams Dantaya M sold 1,206 shares at $92.01 per share on Oct 27. Company shares held by the EVP & Chief HR Officer now total 10,596.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Raytheon Technologies Corporation pays an annual dividend of $2.20, resulting in a dividend yield of 2.21%, and it has a price to earnings (P/E) ratio of 33.21. RTX’s most recent ex-dividend date was 11/17/2022 when it declared a $0.55 quarterly dividend that was paid in cash on 12/15/2022. Previously, the company paid the dividend on 9/8/2022 with an ex-dividend date of 8/18/2022. The RTX stock dividend was $0.55 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RTX in the last 3 months, the mean price target is $108.85 with high estimates of $120.00 and low estimates of $83.00. In terms of 52-week highs and lows, RTX has a high of $106.02 and a low of $80.27.

As of this writing, RTX has an earnings estimate of $1.24 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $1.32 per share and a lower estimate of $1.06. The company reported an EPS of $1.16 in the last quarter, which was 3.60% higher than expectations of $1.12.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 23 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RTX is Sell with a score of 4.36. A total of 12 analysts rated the stock as Buy while 4 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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