Is Raytheon Technologies (RTX) A Good Stock to Buy?
Davis Funds, an investment management firm, published its “Davis New York Venture Fund” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 6.12% was recorded by the fund’s Class A shares for the year end of 2020. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Davis New York Venture Fund, in their Q4 2020 investor letter, mentioned Raytheon Technologies Corporation (NYSE: RTX) and shared their insights on the company. Raytheon Technologies Corporation is a Waltham, Massachusetts-based aircraft manufacturing company that currently has a $117.5 billion market capitalization. Since the beginning of the year, RTX delivered an 8.39% return, extending its 12-month gains to 23.78%. As of April 06, 2021, the stock closed at $77.51 per share.