RTX Corp (RTX)

• Market cap: $157B
• 1 day: -0.45%
• 5 days: -3.15%
• 1 month: -2.96%
• 3 months: -0.38%
• 6 months: 9.07%
• Year to date: 38.45%
• 1 year: 42.66%
• 5 years: -19.73%
• 10 years: 4.37%
• 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)

106% more first-time investments, than exits

New positions opened: 272 | Existing positions closed: 132

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: 2,500 [Q2] → 2,640 (+140) [Q3]

6.41% less ownership

Funds ownership: 85.19% [Q2] → 78.78% (-6.41%) [Q3]

14% less repeat investments, than reductions

Existing positions increased: 921 | Existing positions reduced: 1,066

Research analyst outlook

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

• Low target: $129 9% upside
• Avg. target: $133 13% upside
• High target: $150 27% upside

7 analyst ratings

• positive: 1 14%
• neutral: 6 86%
• negative: 0 0%

Barclays David Strauss 56% 1-year accuracy 14 / 25 met price target	10% upside $130	Equal-Weight Maintained	29 Oct 2024
RBC Capital Ken Herbert 74% 1-year accuracy 51 / 69 met price target	10% upside $130	Sector Perform Maintained	23 Oct 2024
UBS Gavin Parsons 53% 1-year accuracy 8 / 15 met price target	13% upside $133	Neutral Maintained	23 Oct 2024
Susquehanna Charles Minervino 50% 1-year accuracy 25 / 50 met price target	27% upside $150	Positive Maintained	23 Oct 2024
Morgan Stanley Kristine Liwag 79% 1-year accuracy 11 / 14 met price target	10% upside $130	Equal-Weight Maintained	23 Oct 2024