Curbstone Financial Management Corp Sells 850 Shares of RTX Corporation $RTX

Curbstone Financial Management Corp cut its holdings in shares of RTX Corporation (NYSE:RTX) by 3.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 26,168 shares of the company’s stock after selling 850 shares during the period. Curbstone Financial Management Corp’s holdings in RTX were worth $3,821,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC bought a new position in RTX during the first quarter worth about $26,000. PFS Partners LLC lifted its holdings in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares in the last quarter. Summit Securities Group LLC bought a new position in RTX during the first quarter worth about $40,000. McClarren Financial Advisors Inc. bought a new position in RTX during the first quarter worth about $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in RTX during the first quarter worth about $50,000. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on RTX shares. UBS Group lifted their target price on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. The Goldman Sachs Group boosted their price target on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Two 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.13.

RTX Price Performance

NYSE:RTX opened at $158.04 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The stock’s 50-day simple moving average is $159.20 and its 200 day simple moving average is $145.82. The company has a market cap of $211.55 billion, a P/E ratio of 34.73, a P/E/G ratio of 2.92 and a beta of 0.66. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $170.85.

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

Insider Activity

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by insiders.

RTX 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.