RTX CorpRTX
Market Cap: $158B
About: RTX is an aerospace and defense manufacturer formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, a commercial and military aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.
Employees: 185,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
65% more call options, than puts
Call options by funds: $2.28B | Put options by funds: $1.38B
14% more first-time investments, than exits
New positions opened: 198 | Existing positions closed: 174
4% more funds holding in top 10
Funds holding in top 10: 46 [Q1] → 48 (+2) [Q2]
1% more funds holding
Funds holding: 2,448 [Q1] → 2,472 (+24) [Q2]
1% less capital invested
Capital invested by funds: $111B [Q1] → $110B (-$928M) [Q2]
3.36% less ownership
Funds ownership: 85.83% [Q1] → 82.47% (-3.36%) [Q2]
14% less repeat investments, than reductions
Existing positions increased: 905 | Existing positions reduced: 1,051
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
B of A Securities Ronald Epstein 69% 1-year accuracy 18 / 26 met price target | 18%upside $140 | Buy Upgraded | 31 Jul 2024 |
Alembic Global Peter Skibitski 100% 1-year accuracy 3 / 3 met price target | 13%upside $134 | Overweight Upgraded | 30 Jul 2024 |
Goldman Sachs Noah Poponak 57% 1-year accuracy 13 / 23 met price target | 12%downside $104 | Neutral Maintained | 29 Jul 2024 |
JP Morgan Seth Seifman 77% 1-year accuracy 20 / 26 met price target | 10%upside $130 | Overweight Maintained | 29 Jul 2024 |
TD Cowen Cai von Rumohr 100% 1-year accuracy 14 / 14 met price target | 20%upside $142 | Buy Maintained | 26 Jul 2024 |
Financial journalist opinion
Based on 22 articles about RTX published over the past 30 days