Sunbeam Capital Management LLC Has $449,000 Stake in RTX Corporation $RTX

Sunbeam Capital Management LLC increased its holdings in shares of RTX Corporation (NYSE:RTX) by 20.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,075 shares of the company’s stock after purchasing an additional 512 shares during the quarter. Sunbeam Capital Management LLC’s holdings in RTX were worth $449,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Bingham Private Wealth LLC boosted its holdings in RTX by 4.1% during the second quarter. Bingham Private Wealth LLC now owns 4,284 shares of the company’s stock worth $626,000 after purchasing an additional 170 shares during the last quarter. Hardy Reed LLC boosted its holdings in RTX by 2.7% during the second quarter. Hardy Reed LLC now owns 4,148 shares of the company’s stock worth $606,000 after purchasing an additional 110 shares during the last quarter. Seamount Financial Group Inc. boosted its holdings in RTX by 31.7% during the second quarter. Seamount Financial Group Inc. now owns 3,943 shares of the company’s stock worth $576,000 after purchasing an additional 949 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in RTX by 329.9% during the second quarter. SteelPeak Wealth LLC now owns 23,689 shares of the company’s stock worth $3,459,000 after purchasing an additional 18,179 shares during the last quarter. Finally, Drake & Associates LLC boosted its holdings in RTX by 24.2% during the second quarter. Drake & Associates LLC now owns 2,575 shares of the company’s stock worth $376,000 after purchasing an additional 501 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

In other news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays increased their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research note on Saturday, September 27th. Sanford C. Bernstein increased their price target on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday. Finally, Susquehanna increased their price target on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus price target of $160.47.

RTX Price Performance

Shares of RTX opened at $169.03 on Tuesday. The firm has a market capitalization of $226.25 billion, a PE ratio of 37.15, a PEG ratio of 3.07 and a beta of 0.66. The company’s 50-day moving average is $158.44 and its 200-day moving average is $144.27. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $169.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11. The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.