Guggenheim Capital LLC lifted its holdings in Raytheon (NYSE:RTN) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 321,268 shares of the aerospace company’s stock after purchasing an additional 20,004 shares during the period. Guggenheim Capital LLC owned about 0.11% of Raytheon worth $60,352,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in RTN. BlackRock Inc. boosted its holdings in Raytheon by 6.2% in the 4th quarter. BlackRock Inc. now owns 21,240,939 shares of the aerospace company’s stock worth $3,990,111,000 after buying an additional 1,237,648 shares during the last quarter. Stifel Financial Corp boosted its holdings in Raytheon by 2,385.7% in the 3rd quarter. Stifel Financial Corp now owns 488,766 shares of the aerospace company’s stock worth $90,995,000 after buying an additional 469,103 shares during the last quarter. USS Investment Management Ltd boosted its holdings in Raytheon by 26.5% in the 4th quarter. USS Investment Management Ltd now owns 1,345,404 shares of the aerospace company’s stock worth $252,781,000 after buying an additional 281,900 shares during the last quarter. Atlantic Trust Group LLC boosted its holdings in Raytheon by 1,486.1% in the 3rd quarter. Atlantic Trust Group LLC now owns 273,340 shares of the aerospace company’s stock worth $50,999,000 after buying an additional 256,106 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Raytheon by 729.4% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 290,863 shares of the aerospace company’s stock worth $54,269,000 after buying an additional 255,793 shares during the last quarter. Hedge funds and other institutional investors own 73.51% of the company’s stock.
In related news, Chairman Thomas A. Kennedy sold 44,778 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $215.90, for a total value of $9,667,570.20. Following the transaction, the chairman now directly owns 138,339 shares in the company, valued at $29,867,390.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Frank R. Jimenez sold 175 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $189.13, for a total value of $33,097.75. Following the completion of the transaction, the vice president now owns 28,311 shares in the company, valued at $5,354,459.43. The disclosure for this sale can be found here. Insiders sold 79,400 shares of company stock worth $17,052,714 over the last quarter. 0.19% of the stock is currently owned by insiders.
Raytheon (NYSE:RTN) opened at $210.62 on Wednesday. The firm has a market capitalization of $60,597.79, a P/E ratio of 30.31, a PEG ratio of 1.99 and a beta of 0.71. Raytheon has a twelve month low of $148.65 and a twelve month high of $222.82. The company has a current ratio of 1.54, a quick ratio of 1.46 and a debt-to-equity ratio of 0.48.
Raytheon (NYSE:RTN) last issued its earnings results on Thursday, January 25th. The aerospace company reported $2.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.01. The business had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.81 billion. Raytheon had a return on equity of 21.36% and a net margin of 7.98%. The business’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 firm posted $1.84 EPS. research analysts predict that Raytheon will post 9.66 earnings per share for the current year.
Raytheon declared that its board has approved a share repurchase plan on Wednesday, November 15th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
ILLEGAL ACTIVITY WARNING: “Raytheon (RTN) Position Boosted by Guggenheim Capital LLC” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/03/14/raytheon-rtn-position-boosted-by-guggenheim-capital-llc.html.
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.
Want to see what other hedge funds are holding RTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Raytheon (NYSE:RTN).
Receive News & Ratings for Raytheon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon and related companies with MarketBeat.com's FREE daily email newsletter.