RTX
A little less love from one big holder
Lbp Am Sa trimmed its RTX stake by 4.1%, bringing the fund down to 421,915 shares. At roughly $77.4 million, that still makes RTX a chunky holding — just not quite as chunky as before.
Why investors care
On its own, one institutional shave doesn’t mean the sky is falling. But in a name like RTX, where the stock has already had a strong run and trades around 40 times earnings, even modest selling can make people squint a little harder at valuation.
The timing also matters. RTX has been riding a mix of good vibes and defense-demand momentum, but the stock is now in that awkward zone where any wobble — softer guidance, a geopolitical cool-off, or just plain profit-taking — can hit harder than it would for a cheaper stock.
The bigger picture
The article also flags a few moving parts around RTX: a solid recent earnings beat, FY2026 guidance of 6.60 to 6.80 EPS, and ongoing catalysts like the roughly $3.7 billion Patriot interceptors deal. So this isn’t a one-note story. It’s more like a stock that’s still fundamentally busy, but also priced like it expects to keep being busy forever.
Big picture: one fund trimming isn’t a red alert, but in a pricey defense stock, it’s another reminder that good news may already be baked in.