RTX

LONG

RTX CORPORATION

Funds

Score

4.50

vs SPY

-22.8%

Stock return (since Q-end)

-6.5%

SPY return (since Q-end)

+16.3%

Current price

$179.66

News Summary

Positive

RTX delivered a strong Q1 2026 earnings beat with 8.7% YoY revenue growth, raised full-year EPS guidance to $6.70–$6.90, and achieved a record $271 billion backlog, demonstrating resilient demand across defense and commercial aerospace. However, the stock declined 4%+ post-earnings as investors focused on $850 million in full-year tariff headwinds and potential near-term defense spending moderation from geopolitical de-escalation, with multiple analysts trimming price targets despite maintained or buy-equivalent ratings.

Red flags

•$850 million full-year tariff impact disclosed, with $500 million already absorbed in Q1
•Stock declined >4% post-earnings despite beat, signaling investor concerns about tariff drag and defense cycle normalization
•Multiple analyst price target cuts (UBS $209→$199, Jefferies to $210, Citi $238→$226) within weeks of earnings, despite no rating downgrades

Funds Buying (3)

Fund	Manager	Shares Held	∆ Shares	Position Value	QoQ	Status
Point72	Steve Cohen	2.0M	+2.0M	$394.9B	—	NEW
Maverick Capital	Lee Ainslie	1.4M	+1.4M	$263.3B	—	NEW
Appaloosa LP	David Tepper	342K	+342K	$66.0B	—	NEW

Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.