Robeco Institutional Asset Management B.V. Increases Stake in Raytheon (RTN)

Robeco Institutional Asset Management B.V. grew its position in Raytheon (NYSE:RTN) by 6.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 488,707 shares of the aerospace company’s stock after acquiring an additional 27,595 shares during the period. Robeco Institutional Asset Management B.V. owned 0.17% of Raytheon worth $100,998,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Raytheon by 30.7% in the first quarter. Principal Financial Group Inc. now owns 652,948 shares of the aerospace company’s stock worth $140,919,000 after acquiring an additional 153,501 shares during the last quarter. FormulaFolio Investments LLC purchased a new position in Raytheon in the second quarter worth approximately $1,669,000. First National Bank of Mount Dora Trust Investment Services lifted its stake in Raytheon by 7.1% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 19,630 shares of the aerospace company’s stock worth $3,793,000 after acquiring an additional 1,305 shares during the last quarter. Welch & Forbes LLC lifted its stake in Raytheon by 5.7% in the second quarter. Welch & Forbes LLC now owns 235,565 shares of the aerospace company’s stock worth $45,507,000 after acquiring an additional 12,720 shares during the last quarter. Finally, Wendell David Associates Inc. lifted its stake in Raytheon by 21.9% in the second quarter. Wendell David Associates Inc. now owns 4,453 shares of the aerospace company’s stock worth $860,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 73.24% of the company’s stock.

A number of research analysts recently issued reports on RTN shares. Zacks Investment Research upgraded shares of Raytheon from a “hold” rating to a “buy” rating and set a $233.00 price target for the company in a research note on Wednesday, October 3rd. UBS Group started coverage on shares of Raytheon in a research note on Wednesday, August 15th. They issued a “buy” rating and a $250.00 price target for the company. Stifel Nicolaus decreased their price target on shares of Raytheon from $235.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, July 27th. Bank of America decreased their price target on shares of Raytheon from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Finally, Wells Fargo & Co decreased their price target on shares of Raytheon from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $231.08.

In other Raytheon news, VP Taylor W. Lawrence sold 3,299 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $199.41, for a total transaction of $657,853.59. Following the sale, the vice president now owns 44,220 shares of the company’s stock, valued at $8,817,910.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is currently owned by company insiders.

RTN stock opened at $188.02 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.49. Raytheon has a twelve month low of $165.00 and a twelve month high of $229.75. The company has a market cap of $53.31 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 1.40 and a beta of 0.84.

Raytheon (NYSE:RTN) last released its quarterly earnings data on Thursday, October 25th. The aerospace company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.28. Raytheon had a net margin of 9.33% and a return on equity of 24.43%. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.67 billion. During the same quarter last year, the company earned $1.97 earnings per share. As a group, analysts predict that Raytheon will post 10.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 8th. Shareholders of record on Wednesday, October 10th were issued a dividend of $0.8675 per share. The ex-dividend date was Tuesday, October 9th. This represents a $3.47 dividend on an annualized basis and a yield of 1.85%. Raytheon’s payout ratio is currently 45.54%.

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Raytheon Company Profile

Raytheon Company develops integrated products, services, and solutions for defense and other government markets worldwide. It operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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