RTX Corp (RTX)

• Market cap: $155B
• 1 day: 0.88%
• 5 days: -0.81%
• 1 month: -2.24%
• 3 months: -1.41%
• 6 months: 10.86%
• Year to date: 36.68%
• 1 year: 42.68%
• 5 years: -22.08%
• 10 years: -0.56%
• Sector: Industrials
• Industry: Aircraft Engines & Engine Parts

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 Q3 regulatory filings by fund managers ($100M+ AUM)

113% more first-time investments, than exits

New positions opened: 273 | Existing positions closed: 128

43% more call options, than puts

Call options by funds: $2.13B | Put options by funds: $1.49B

16% more funds holding in top 10

Funds holding in top 10: 49 [Q2] → 57 (+8) [Q3]

11% more capital invested

Capital invested by funds: $114B [Q2] → $127B (+$13.1B) [Q3]

6% more funds holding

Funds holding: 2,503 [Q2] → 2,648 (+145) [Q3]

6.41% less ownership

Funds ownership: 85.19% [Q2] → 78.79% (-6.41%) [Q3]

14% less repeat investments, than reductions

Existing positions increased: 923 | Existing positions reduced: 1,069

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $129 11% upside
• Avg. target: $135 16% upside
• High target: $150 29% upside

7 analyst ratings

• positive: 2 29%
• neutral: 5 71%
• negative: 0 0%

RBC Capital Ken Herbert 51% 1-year accuracy 35 / 69 met price target	20% upside $140	Outperform Upgraded	19 Dec 2024
Barclays David Strauss 54% 1-year accuracy 14 / 26 met price target	12% upside $130	Equal-Weight Maintained	29 Oct 2024
UBS Gavin Parsons 50% 1-year accuracy 9 / 18 met price target	14% upside $133	Neutral Maintained	23 Oct 2024
Susquehanna Charles Minervino 29% 1-year accuracy 19 / 66 met price target	29% upside $150	Positive Maintained	23 Oct 2024
Morgan Stanley Kristine Liwag 71% 1-year accuracy 12 / 17 met price target	12% upside $130	Equal-Weight Maintained	23 Oct 2024