King Luther Capital Management Adds $37M in RTX Corporation ($RTX)
Key Points
- King Luther Capital Management changed its RTX Corporation ($RTX) stake by 50.54% last quarter, boosting to 588,823 shares worth $110.95 million.
- Wall Street's consensus rating on $RTX is Buy and an average price target of $234.82.
- $RTX last traded around $188.43.
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King Luther Capital Management increased its position in RTX Corporation ($RTX) by 50.54% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 588,823 shares of RTX Corporation after buying 197,673 shares during the quarter. King Luther Capital Management's holdings in RTX Corporation were worth $110.95 million as of its most recent filing.
RTX Corporation Stock Down 11.0%
Shares of RTX Corporation ($RTX) traded around $188.43 on Saturday, down 11.0% for the day.
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About RTX Corporation
RTX Corporation, an aerospace and defense company, provides systems and services for commercial, military, and government customers worldwide. It operates through three segments: Collins Aerospace (Collins), Pratt & Whitney, and Raytheon. The Collins segment offers aerospace and defense products, and aftermarket services for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations. This segment designs, manufactures, and supplies electric power generation and management and distribution, environmental control, flight control, air data and aircraft sensing, engine control, and engine nacelle systems, as well as engine components; cabin interiors, including seating, oxygen, food and beverage preparation, storage and galley, lavatory, and wastewater management systems; connected aviation solutions and services; and systems solutions for connected battlespace, test and training range systems, crew escape systems, and simulation and training. It also provides spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and asset and information management services. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units, as well as offers fleet management and aftermarket maintenance, repair, and overhaul services. The Raytheon segment provides defensive and offensive threat detection, tracking, and mitigation capabilities for government and commercial customers. This segment offers sensors, mission orchestration and satellite control products, and software. The company was formerly known as Raytheon Technologies Corporation and changed its name to RTX Corporation in July 2023. RTX Corporation was incorporated in 1934 and is headquartered in Arlington, Virginia.
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