Raytheon Company VP Jay B. Stephens Sells 15,000 Shares (RTN)
Raytheon Company (NYSE:RTN) VP Jay B. Stephens sold 15,000 shares of Raytheon Company stock on the open market in a transaction dated Friday, May 30th. The shares were sold at an average price of $97.50, for a total transaction of $1,462,500.00. Following the completion of the sale, the vice president now directly owns 93,123 shares in the company, valued at approximately $9,079,493. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Wolfe Research initiated coverage on shares of Raytheon Company in a research note on Tuesday, May 13th. They set an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Raytheon Company from $91.00 to $87.00 in a research note on Friday, April 25th. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Raytheon Company in a research note on Wednesday, April 9th. They now have a $120.00 price target on the stock, up previously from $104.00. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Raytheon Company has an average rating of “Buy” and an average price target of $103.94.
Shares of Raytheon Company (NYSE:RTN) traded up 0.50% on Monday, hitting $98.06. The stock had a trading volume of 962,129 shares. Raytheon Company has a one year low of $64.48 and a one year high of $102.33. The stock’s 50-day moving average is $97.07 and its 200-day moving average is $93.72. The company has a market cap of $30.679 billion and a P/E ratio of 15.15.
Raytheon Company (NYSE:RTN) last released its earnings data on Thursday, April 24th. The company reported $1.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.77 by $0.10. The company had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Analysts expect that Raytheon Company will post $6.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 7th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Monday, June 30th.
Raytheon Company together with its subsidiaries, is a technology company specializing in defense, homeland security and other government markets worldwide.
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