11 Worst Aviation Stocks to Buy According to Analysts

8. RTX Corporation (NYSE:RTX)

Average Analyst Price Target Upside as of September 16: 1.51%

Number of Hedge Fund Holders: 54

RTX Corporation (NYSE:RTX), formerly known as Raytheon Technologies Corporation, is a prominent name in the aerospace and defense sectors and is headquartered in Virginia. It is one of the world’s leading aerospace manufacturers and defense contractors, known for its extensive portfolio that includes advanced aircraft engines, avionics, and aerostructures. The company’s aviation segment has two subsidiaries, Pratt & Whitney and Collins Aerospace.

Pratt & Whitney is known for its aircraft engines and gas turbines, which power a diverse range of commercial and military aircraft. Its innovative approach has made it a major player in both the civilian and defense aviation markets, as it offers engines that are essential to the latest advancements in air travel.

Collins Aerospace focuses on developing and manufacturing aerospace systems that improve the performance, safety, and efficiency of various aircraft. The subsidiary is important in supplying advanced avionics, air traffic management systems, and other important technologies that support both military and commercial aviation. Collins Aerospace also plays a significant role in space exploration, which contributes to international space programs with its high-tech solutions.

RTX (NYSE:RTX) stock was held by 54 hedge funds in the second quarter, at a combined value of $2.8 billion. Fisher Asset Management is the company’s largest shareholder with 17.619 million shares worth nearly $1.77 billion, as of June 30.

While several analysts are bullish on RTX’s (NYSE:RTX) stock, many are still a little pessimistic. Among 25 analysts, 17 maintain a Hold or below rating for the company. The average price target of $121 represents merely a 1.51% upside to the company’s stock, as of September 16.