Raytheon (RTN) Director Stephen J. Hadley Sells 800 Shares

Raytheon (NYSE:RTN) Director Stephen J. Hadley sold 800 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $203.31, for a total transaction of $162,648.00. Following the sale, the director now owns 10,845 shares in the company, valued at $2,204,896.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Raytheon (NYSE RTN) traded up $3.00 during trading on Monday, hitting $207.52. 2,130,000 shares of the stock traded hands, compared to its average volume of 1,830,000. The firm has a market cap of $59,990.00, a price-to-earnings ratio of 29.90, a PEG ratio of 1.94 and a beta of 0.76. Raytheon has a one year low of $148.65 and a one year high of $213.45. The company has a quick ratio of 1.46, a current ratio of 1.54 and a debt-to-equity ratio of 0.48.

Raytheon (NYSE:RTN) last released its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. The company had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.81 billion. Raytheon had a net margin of 7.98% and a return on equity of 21.36%. Raytheon’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 EPS. sell-side analysts anticipate that Raytheon will post 9.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 3rd were paid a dividend of $0.7975 per share. The ex-dividend date of this dividend was Tuesday, January 2nd. This represents a $3.19 annualized dividend and a dividend yield of 1.54%. Raytheon’s dividend payout ratio is presently 45.97%.

Raytheon declared that its board has authorized a stock repurchase program on Wednesday, November 15th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Several equities research analysts have issued reports on RTN shares. Buckingham Research lifted their price target on shares of Raytheon from $199.00 to $204.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Robert W. Baird reiterated a “buy” rating and issued a $212.00 price target on shares of Raytheon in a research note on Tuesday, October 24th. Cowen reiterated a “buy” rating and issued a $203.00 price target on shares of Raytheon in a research note on Thursday, October 26th. Wells Fargo & Co lowered their price target on shares of Raytheon from $200.00 to $195.00 and set an “outperform” rating on the stock in a research note on Friday, October 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $210.00 price target on shares of Raytheon in a research note on Tuesday, January 9th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Raytheon currently has an average rating of “Buy” and an average target price of $210.77.

Institutional investors have recently added to or reduced their stakes in the company. Courier Capital LLC boosted its holdings in shares of Raytheon by 1.1% during the 2nd quarter. Courier Capital LLC now owns 2,772 shares of the aerospace company’s stock worth $448,000 after buying an additional 30 shares during the period. Linscomb & Williams Inc. boosted its holdings in shares of Raytheon by 1.8% during the 2nd quarter. Linscomb & Williams Inc. now owns 1,734 shares of the aerospace company’s stock worth $280,000 after buying an additional 30 shares during the period. Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in shares of Raytheon by 3.6% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,963 shares of the aerospace company’s stock worth $317,000 after buying an additional 69 shares during the period. Scholtz & Company LLC boosted its holdings in shares of Raytheon by 0.6% during the 2nd quarter. Scholtz & Company LLC now owns 14,423 shares of the aerospace company’s stock worth $2,329,000 after buying an additional 80 shares during the period. Finally, Trustmark National Bank Trust Department boosted its holdings in shares of Raytheon by 2.0% during the 2nd quarter. Trustmark National Bank Trust Department now owns 4,234 shares of the aerospace company’s stock worth $684,000 after buying an additional 83 shares during the period. Institutional investors own 72.66% of the company’s stock.

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About Raytheon

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.

Insider Buying and Selling by Quarter for Raytheon (NYSE:RTN)

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