5 Best 3D Printing Stocks To Buy

2. Raytheon Technologies Corporation (NYSE:RTX)

Number of Hedge Fund Holders: 53

Raytheon Technologies Corporation (NYSE:RTX) is a Massachusetts-based aerospace and defense company. Having  experimented with 3D printing technology for some years now, the company unveiled the world’s first 3D printed guided missile back in August of 2020. Ranked second on our list of the 10 best 3D printing stocks to buy, Raytheon Technologies Corporation (NYSE:RTX) has a market capitalization of $134.58 billion.

At the end of the second quarter of 2021, 53 hedge funds in the database of Insider Monkey held stakes worth $2.1 billion in Raytheon Technologies Corporation (NYSE:RTX), down from 58 in the preceding quarter worth $2.4 billion. Ken Fisher of Fisher Asset Management is a leading shareholder of the company.

On August 11, investment advisory Morgan Stanley reiterated an Overweight rating on Raytheon Technologies Corporation (NYSE:RTX) stock and raised the price target to $110 from $97.

According to the company’s earnings report for the second quarter of 2021, issued on July 27, Raytheon Technologies Corporation (NYSE:RTX) had an EPS of $1.03, crossing market estimates by $0.10. Additionally, the company’s revenue for the quarter was $15.88 billion, surpassing consensus predictions by $46.81 million.

In the Q2 2021 investor letter of ClearBridge Investments, the fund mentioned Raytheon Technologies Corporation (NYSE:RTX). Here is what the fund said:

“Broader market leadership was a relative benefit for the ClearBridge Large Cap Value Strategy, which outperformed the Russell 1000 Value Index in the second quarter… Separately, Raytheon Technologies benefited from an improving health outlook that is contributing to a faster than anticipated recovery in air travel, which should drive stronger results for Raytheon’s commercial aerospace business.”