RTX Falls as Pratt & Whitney Overhangs Persist and Defense Sentiment Cools

RTX Corporation (RTX) is down 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The pullback appears tied to two pressures on sentiment. Investors are still weighing ongoing Pratt & Whitney geared turbofan disruption risks, including possible new legal claims from airline customers, while the broader defense trade may be losing some momentum as ceasefire headlines reduce the short-term geopolitical premium in the group.

Details:

RTX raised its full-year 2026 adjusted sales and earnings outlook in April after first-quarter results, so today’s decline does not appear to be driven by a fresh company earnings warning.

Pratt & Whitney remains exposed to the powder-metal issue affecting parts of the GTF fleet, a problem RTX continues to list as a material business risk in company disclosures and investor materials.

Airbus has been pursuing damages tied to delayed Pratt & Whitney engine deliveries, extending a dispute that has kept supply-chain execution in focus for investors.

ITA Airways has signaled it could decide within weeks whether to sue Pratt & Whitney over engine problems that have grounded part of its fleet, adding to concern that customer fallout may not be over.

Sources:

RTX, Reuters, AP News

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$RTX Insider Trading Activity

$RTX insiders have traded $RTX stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.

Here’s a breakdown of recent trading of $RTX stock by insiders over the last 6 months:

CHRISTOPHER T. CALIO (Chairman, President and CEO) has made 0 purchases and 3 sales selling 63,568 shares for an estimated $12,955,182.
NEIL G. JR MITCHILL (EVP, Chief Financial Officer) has made 0 purchases and 3 sales selling 35,755 shares for an estimated $7,349,900.
SHANE G EDDY (President, P&W) sold 17,527 shares for an estimated $3,490,745
RAMSARAN MAHARAJH (EVP and General Counsel) sold 15,124 shares for an estimated $3,095,123
DANTAYA M WILLIAMS (EVP & Chief HR Officer) sold 12,713 shares for an estimated $2,578,610
KEVIN G DASILVA (Senior VP and Treasurer) has made 0 purchases and 2 sales selling 8,136 shares for an estimated $1,637,745.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$RTX Hedge Fund Activity

We have seen 1,601 institutional investors add shares of $RTX stock to their portfolio, and 1,534 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

J. STERN & CO. LLP removed 62,119,743 shares (-99.5%) from their portfolio in Q1 2026, for an estimated $11,982,898,424
CAPITAL RESEARCH GLOBAL INVESTORS removed 23,802,966 shares (-31.3%) from their portfolio in Q1 2026, for an estimated $4,591,592,141
CAPITAL INTERNATIONAL INVESTORS removed 20,601,930 shares (-46.3%) from their portfolio in Q1 2026, for an estimated $3,974,112,297
AUTO-OWNERS INSURANCE CO removed 10,047,869 shares (-99.5%) from their portfolio in Q1 2026, for an estimated $1,938,233,930
FMR LLC added 6,120,582 shares (+86.9%) to their portfolio in Q1 2026, for an estimated $1,180,660,267
BLACKROCK, INC. added 4,130,605 shares (+3.9%) to their portfolio in Q1 2026, for an estimated $796,793,704
CAPITAL WORLD INVESTORS added 3,190,144 shares (+43.0%) to their portfolio in Q1 2026, for an estimated $615,378,777

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$RTX Government Contracts

We have seen $6,536,241,401 of award payments to $RTX over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

ADVANCED MEDIUM RANGE AIR-TO-AIR MISSILE (AMRAAM)LOTS 39-40: $993,757,393
FY 23-25 SM-3 BLOCK IIA AURS: $880,814,565
FRP20 / FY24 TACTOM AUR (RGM-109E-4AJ) UCA: $711,324,387
STINGER MISSILE PRODUCTION: $578,628,019
BASE AWARD - LLTM: $507,122,797

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$RTX Congressional Stock Trading

Members of Congress have traded $RTX stock 4 times in the past 6 months. Of those trades, 3 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $RTX stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 01/09.
SENATOR MARKWAYNE MULLIN purchased up to $50,000 on 12/29.
REPRESENTATIVE ROGER WILLIAMS purchased up to $15,000 on 12/22.
REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 12/18.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$RTX Analyst Ratings

Wall Street analysts have issued reports on $RTX in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Overweight" rating on 01/28/2026
Citigroup issued a "Buy" rating on 01/13/2026

To track analyst ratings and price targets for $RTX, check out Quiver Quantitative's $RTX forecast page.

$RTX Price Targets

Multiple analysts have issued price targets for $RTX recently. We have seen 7 analysts offer price targets for $RTX in the last 6 months, with a median target of $220.0.

Here are some recent targets:

Sheila Kahyaoglu from Jefferies set a target price of $220.0 on 06/04/2026
Kristine Liwag from Morgan Stanley set a target price of $220.0 on 04/22/2026
Gavin Parsons from UBS set a target price of $199.0 on 04/22/2026
John Godyn from Citigroup set a target price of $226.0 on 04/02/2026
David Strauss from Wells Fargo set a target price of $200.0 on 04/01/2026
Ken Herbert from RBC Capital set a target price of $230.0 on 01/28/2026
Seth Seifman from JP Morgan set a target price of $215.0 on 01/28/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.