Billionaires Mario Gabelli and Mason Hawkins Love These 5 Stocks

3. Rtx Corp (NYSE:RTX)

Number of Hedge Fund Investors: 61

Mario Gabelli’s Stake: $1,725,375

Mason Hawkins’ Stake: $67,043,594

Rtx Corp (NYSE:RTX), formerly known as Raytheon Technologies, ranks third  in our list of the stocks loved by both billionaire Mario Gabelli and Mason Hawkins.

Last month, Bank of America upgraded Rtx Corp (NYSE:RTX) shares to Neutral from Underperform, citing Rtx Corp’s (NYSE:RTX) recovery from a jet-engine recall at its Pratt & Whitney unit last year.

BofA also increased its price target for Rtx shares to $100 from $78.

Carillon Eagle Mid Cap Growth Fund made the following comment about RTX Corporation (NYSE:RTX) in its Q3 2023 investor letter:

“RTX Corporation (NYSE:RTX) lowered its free cash flow guidance for the year due to a new issue in its jet engine business. Although the company’s management has a solution, the total implementation cost remains unknown, which caused the stock to react negatively.”