Investors' Interest Peaks as RTX (RTX) Stock Surges

Shares of RTX rose to $101.69 during today's morning trading session. Despite the 2.4% change, the Large-Cap Aerospace & Defense company still trades 5.56% above its average analyst target price of $96.33. So there may be further downside for the Aerospace & Defense stock. RTX has target prices ranging from $70.0 to $120.0 per share, and its average rating is hold.

The stock has an average amount of shares sold short at 3.0%, and a short ratio of 4.64. At 0.09%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that a significant number of institutional investors are invested in the stock, with 87.1% of RTX's shares being owned by this investor type.

Institutions Invested in RTX

Date Reported Holder Percentage Shares Value
2023-12-31 Vanguard Group Inc 9% 123,933,672 $12,602,815,408
2023-12-31 State Street Corporation 9% 121,366,724 $12,341,782,459
2023-12-31 Blackrock Inc. 8% 104,985,755 $10,676,001,682
2023-12-31 Capital Research Global Investors 7% 90,430,489 $9,195,876,647
2023-12-31 Capital International Investors 5% 65,233,410 $6,633,585,622
2023-12-31 Morgan Stanley 4% 53,211,842 $5,411,112,342
2023-12-31 Dodge & Cox Inc 3% 42,189,300 $4,290,230,020
2023-12-31 JP Morgan Chase & Company 2% 27,832,068 $2,830,243,062
2023-12-31 Geode Capital Management, LLC 2% 27,661,882 $2,812,936,848
2023-12-31 Wellington Management Group, LLP 2% 25,394,067 $2,582,322,735

Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on RTX.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.