Sunbeam Capital Management LLC Acquires 512 Shares of RTX Corporation $RTX

Sunbeam Capital Management LLC increased its holdings in shares of RTX Corporation (NYSE:RTX) by 20.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,075 shares of the company’s stock after acquiring an additional 512 shares during the quarter. Sunbeam Capital Management LLC’s holdings in RTX were worth $449,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of RTX. Gries Financial LLC increased its stake in RTX by 0.7% during the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after purchasing an additional 69 shares in the last quarter. TrueWealth Advisors LLC increased its stake in RTX by 3.6% during the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock valued at $293,000 after purchasing an additional 70 shares in the last quarter. RMR Wealth Builders increased its stake in RTX by 3.6% during the 2nd quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock valued at $297,000 after purchasing an additional 70 shares in the last quarter. Verum Partners LLC increased its stake in RTX by 1.8% during the 2nd quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock valued at $598,000 after purchasing an additional 73 shares in the last quarter. Finally, Hamilton Capital LLC increased its stake in RTX by 3.6% during the 1st quarter. Hamilton Capital LLC now owns 2,122 shares of the company’s stock valued at $281,000 after purchasing an additional 74 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on RTX shares. UBS Group boosted their price target on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Susquehanna boosted 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. Barclays lifted their price objective 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a report on Saturday, September 27th. Finally, Citigroup lifted their price objective on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $160.47.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider directly owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction dated Thursday, July 24th. The stock was 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. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 in the last ninety days. Corporate insiders own 0.15% of the company’s stock.

RTX Price Performance

RTX opened at $169.03 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The company has a market capitalization of $226.25 billion, a price-to-earnings ratio of 37.15, a P/E/G ratio of 3.07 and a beta of 0.66. The firm’s fifty day moving average price is $158.44 and its two-hundred day moving average price is $144.27. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $169.75.

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