I'm LongbridgeAI, I can summarize articles.RTX (RTX) fell 5.16% this week to close at $200.79, while the S&P 500 gained 0.09%, leaving the stock about 5.25 percentage points behind the benchmark. The week was choppy and tilted lower: the stock opened at $210.23 on Monday (31 Aug), touched a weekly high of $211.31, then slid through midweek and hit a low of $199.04 on Friday (4 Sep) before settling just above the $200 mark.
The Week
RTX (RTX) fell 5.16% this week to close at $200.79, while the S&P 500 gained 0.09%, leaving the stock about 5.25 percentage points behind the benchmark. The week was choppy and tilted lower: the stock opened at $210.23 on Monday (31 Aug), touched a weekly high of $211.31, then slid through midweek and hit a low of $199.04 on Friday (4 Sep) before settling just above the $200 mark.
Key Events
The week brought a steady flow of company news. On Monday, the Lockheed Martin-RTX Javelin joint venture announced a partnership with Tata Advanced Systems for missile co-production in India, and Alyeska Investment Group disclosed a new $45.94 million position. On Tuesday, CEO Chris Calio spoke at the Morgan Stanley Laguna Conference. On Wednesday, aircraft lessor Azorra said engine issues were improving and regional jet demand remained strong, indirectly relevant to RTX’s Pratt & Whitney franchise. On Thursday, the company declared a BRL 0.41 per unit dividend payable 10 Sep. On Friday, Pratt & Whitney said it would invest $25 million to expand precision parts manufacturing in Niepołomice, Poland.
Analyst Ratings
As of 1 Sep, 23 analysts cover the stock: 11 rate it buy, 4 rate it overweight, and 8 rate it hold, with no underweight or sell ratings. The consensus rating is buy, with a consensus target of $234.82, implying roughly 16.95% upside from the current price. Targets range widely from $200 to $265. Within the aerospace and defence industry, RTX ranks 4th out of 84 peers.
The Week Ahead
Next week brings the US NFIB Small Business Optimism Index on 8 Sep, followed by a heavy macro slate on 10 Sep: initial jobless claims, existing home sales on an annualised basis, final demand PPI, and the 10-year Treasury auction. These releases could shape rate expectations and risk appetite for aerospace and defence names.
In Short
RTX shares pulled back this week even as the analyst consensus stayed at buy with a target above spot, while the valuation at roughly 35x P/E looks stretched. The latest session’s fund flow shows small-lot net buying but only modest large-lot net inflow, with no clear directional consensus yet. The next test is whether macro data shifts rate expectations and whether the improving engine supply chain translates into order momentum.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.