RTX CorpRTX
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
22% more first-time investments, than exits
New positions opened: 202 | Existing positions closed: 165
4% more funds holding in top 10
Funds holding in top 10: 47 [Q1] → 49 (+2) [Q2]
2% more funds holding
Funds holding: 2,454 [Q1] → 2,491 (+37) [Q2]
1% less capital invested
Capital invested by funds: $111B [Q1] → $110B (-$839M) [Q2]
3.3% less ownership
Funds ownership: 85.85% [Q1] → 82.55% (-3.3%) [Q2]
14% less repeat investments, than reductions
Existing positions increased: 913 | Existing positions reduced: 1,056
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Citigroup Jason Gursky 81% 1-year accuracy 21 / 26 met price target | 7%upside $132 | Neutral Maintained | 10 Oct 2024 |
Deutsche Bank Scott Deuschle 86% 1-year accuracy 25 / 29 met price target | 4%upside $129 | Hold Upgraded | 3 Oct 2024 |
B of A Securities Ronald Epstein 71% 1-year accuracy 17 / 24 met price target | 13%upside $140 | Buy Upgraded | 31 Jul 2024 |
Alembic Global Peter Skibitski 100% 1-year accuracy 3 / 3 met price target | 8%upside $134 | Overweight Upgraded | 30 Jul 2024 |
Goldman Sachs Noah Poponak 68% 1-year accuracy 17 / 25 met price target | 16%downside $104 | Neutral Maintained | 29 Jul 2024 |
Financial journalist opinion
Based on 64 articles about RTX published over the past 30 days
