Raytheon Company (NYSE:RTN)‘s stock had its “buy” rating reaffirmed by Robert W. Baird in a research report issued on Tuesday. They presently have a $212.00 price objective on the aerospace company’s stock. Robert W. Baird’s price objective points to a potential upside of 12.11% from the stock’s current price.

Other equities analysts have also issued reports about the company. Argus reaffirmed a “buy” rating and issued a $195.00 target price (up from $175.00) on shares of Raytheon in a report on Friday, August 4th. Bank of America Corporation reaffirmed a “buy” rating and issued a $200.00 target price (up from $185.00) on shares of Raytheon in a report on Tuesday, August 1st. BidaskClub lowered Raytheon from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $185.00 target price (up from $175.00) on shares of Raytheon in a report on Sunday, July 30th. Finally, Vetr raised Raytheon from a “hold” rating to a “buy” rating and set a $178.87 target price for the company in a report on Monday, July 17th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $194.07.

Raytheon (RTN) traded up 0.02% on Tuesday, hitting $189.10. The company had a trading volume of 954,243 shares. The company has a market capitalization of $54.89 billion, a P/E ratio of 26.12 and a beta of 0.59. The stock’s 50-day moving average price is $185.38 and its 200 day moving average price is $170.20. Raytheon has a one year low of $132.89 and a one year high of $190.06.

Raytheon (NYSE:RTN) last released its earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.15. The company had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.24 billion. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. Raytheon’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.38 earnings per share. On average, analysts expect that Raytheon will post $7.59 EPS for the current fiscal year.

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In other news, VP Taylor W. Lawrence sold 3,791 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $182.09, for a total transaction of $690,303.19. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Vernon E. Clark sold 829 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $180.19, for a total value of $149,377.51. Following the transaction, the director now directly owns 7,588 shares in the company, valued at $1,367,281.72. The disclosure for this sale can be found here. Insiders have sold 5,770 shares of company stock worth $1,052,376 over the last ninety days. Insiders own 0.19% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Guardian Life Insurance Co. of America grew its stake in shares of Raytheon by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the aerospace company’s stock valued at $173,000 after buying an additional 7 shares during the last quarter. HM Capital Management LLC grew its stake in shares of Raytheon by 0.5% during the second quarter. HM Capital Management LLC now owns 2,025 shares of the aerospace company’s stock valued at $327,000 after buying an additional 10 shares during the last quarter. Ironwood Investment Management LLC grew its stake in shares of Raytheon by 0.7% during the second quarter. Ironwood Investment Management LLC now owns 2,475 shares of the aerospace company’s stock valued at $400,000 after buying an additional 16 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. grew its stake in shares of Raytheon by 0.8% during the second quarter. Pineno Levin & Ford Asset Management Inc. now owns 1,903 shares of the aerospace company’s stock valued at $307,000 after buying an additional 16 shares during the last quarter. Finally, TCI Wealth Advisors Inc. grew its stake in shares of Raytheon by 0.8% during the second quarter. TCI Wealth Advisors Inc. now owns 2,048 shares of the aerospace company’s stock valued at $331,000 after buying an additional 17 shares during the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Raytheon Company Profile

Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.

Analyst Recommendations for Raytheon (NYSE:RTN)

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