Why RTX (RTX) Stock Is Up Today | Quiver Quantitative

RTX Corporation (RTX) is up 3.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a mix of contract momentum and growing optimism ahead of RTX’s third-quarter earnings report on October 20, 2026. Recent large missile-defense awards have reinforced the company’s already strong defense backlog, while investors also appear to be rotating toward aerospace and defense names as technology shares weaken.

Details:

RTX said on September 29 that it will report third-quarter 2026 results before the market opens on October 20, putting investor focus on a near-term catalyst.

RTX reported second-quarter 2026 sales growth, higher adjusted earnings, and raised its full-year outlook, signaling solid execution across both commercial aerospace and defense operations.

Raytheon, an RTX business, announced a multi-year contract worth up to $6.3 billion for Standard Missile-3 Block IB interceptors in early October, adding to a recent string of major missile awards.

Investors have also been highlighting RTX’s favorable setup into earnings, supported by strong aerospace demand, a large backlog, and expectations for continued defense spending.

Sources:

RTX, SEC, Reuters, Zacks

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 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.

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

RAMSARAN MAHARAJH (EVP and General Counsel) sold 13,655 shares for an estimated $3,057,563
TROY D BRUNK (President, Collins Aerospace) has made 0 purchases and 2 sales selling 8,557 shares for an estimated $1,799,487.
KEVIN G DASILVA (Senior VP and Treasurer) has made 0 purchases and 2 sales selling 7,010 shares for an estimated $1,504,928.
TRACY A ATKINSON sold 2,295 shares for an estimated $500,424

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.

$RTX Hedge Fund Activity

We have seen 1,659 institutional investors add shares of $RTX stock to their portfolio, and 1,428 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 37,167,727 shares (+inf%) to their portfolio in Q2 2026, for an estimated $7,051,832,843
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 10,579,505 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,007,249,483
ALLIANCEBERNSTEIN L.P. added 3,569,293 shares (+68.2%) to their portfolio in Q2 2026, for an estimated $677,201,960
FMR LLC removed 3,291,896 shares (-25.0%) from their portfolio in Q2 2026, for an estimated $624,571,428
SG AMERICAS SECURITIES, LLC added 2,800,024 shares (+491.1%) to their portfolio in Q2 2026, for an estimated $531,248,553
NORGES BANK added 2,680,600 shares (+15.5%) to their portfolio in Q2 2026, for an estimated $508,590,238
VAN ECK ASSOCIATES CORP removed 2,570,317 shares (-43.1%) from their portfolio in Q2 2026, for an estimated $487,666,244

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 $9,373,343,681 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: $1,770,339,054
FRP20 / FY24 TACTOM AUR (RGM-109E-4AJ) UCA: $913,884,376
FY 23-25 SM-3 BLOCK IIA AURS: $888,518,160
GMA (MK25) C-BAND: $832,997,255
HACM - SCIFIRE: $508,798,914

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 Price Targets

Multiple analysts have issued price targets for $RTX recently. We have seen 3 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

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.