Raytheon Company (NYSE:RTN) VP Frank R. Jimenez sold 95 shares of Raytheon stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $189.62, for a total transaction of $18,013.90. Following the sale, the vice president now owns 28,486 shares of the company’s stock, valued at $5,401,515.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Raytheon Company (NYSE RTN) traded up $2.57 during mid-day trading on Thursday, hitting $191.15. 3,122,091 shares of the company’s stock traded hands, compared to its average volume of 1,472,751. The stock has a market capitalization of $54,520.00, a P/E ratio of 24.97, a PEG ratio of 2.56 and a beta of 0.57. Raytheon Company has a 52-week low of $137.70 and a 52-week high of $191.35. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.55.
Raytheon (NYSE:RTN) last posted its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.90 by $0.07. The firm had revenue of $6.28 billion for the quarter, compared to the consensus estimate of $6.33 billion. Raytheon had a net margin of 8.77% and a return on equity of 20.98%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.79 earnings per share. equities analysts forecast that Raytheon Company will post 7.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 3rd will be paid a $0.7975 dividend. This represents a $3.19 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Tuesday, January 2nd. Raytheon’s payout ratio is 42.93%.
Several hedge funds and other institutional investors have recently modified their holdings of RTN. BlackRock Inc. increased its stake in shares of Raytheon by 2,166.0% in the first quarter. BlackRock Inc. now owns 19,407,819 shares of the aerospace company’s stock worth $2,959,694,000 after buying an additional 18,551,353 shares during the period. Janus Henderson Group PLC increased its stake in shares of Raytheon by 13,784.9% in the second quarter. Janus Henderson Group PLC now owns 1,494,150 shares of the aerospace company’s stock worth $241,276,000 after buying an additional 1,483,389 shares during the period. Vanguard Group Inc. increased its stake in shares of Raytheon by 4.7% in the first quarter. Vanguard Group Inc. now owns 21,910,520 shares of the aerospace company’s stock worth $3,341,355,000 after buying an additional 989,986 shares during the period. Alliancebernstein L.P. increased its stake in shares of Raytheon by 55.2% in the second quarter. Alliancebernstein L.P. now owns 2,328,691 shares of the aerospace company’s stock worth $376,037,000 after buying an additional 827,931 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Raytheon by 42.7% in the second quarter. UBS Asset Management Americas Inc. now owns 1,826,164 shares of the aerospace company’s stock worth $294,889,000 after buying an additional 546,398 shares during the period. 73.51% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on RTN. Vetr lowered shares of Raytheon from a “buy” rating to a “hold” rating and set a $187.08 target price for the company. in a research report on Tuesday, August 15th. Zacks Investment Research upgraded shares of Raytheon from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Wednesday, September 20th. Cowen reiterated an “outperform” rating and set a $189.00 target price (up from $182.00) on shares of Raytheon in a research report on Thursday, August 10th. ValuEngine lowered shares of Raytheon from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Argus reissued a “buy” rating and set a $195.00 price target (up from $175.00) on shares of Raytheon in a research note on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $200.59.
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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.
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