Chicago Equity Partners LLC trimmed its position in shares of Raytheon (NYSE:RTN) by 21.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,385 shares of the aerospace company’s stock after selling 7,570 shares during the period. Chicago Equity Partners LLC’s holdings in Raytheon were worth $4,353,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of RTN. Capital Investment Advisory Services LLC bought a new position in Raytheon in the 4th quarter worth about $39,000. Ruggie Capital Group bought a new position in Raytheon in the 4th quarter worth about $42,000. Investment Partners LTD. bought a new position in Raytheon in the 3rd quarter worth about $207,000. WESPAC Advisors SoCal LLC bought a new position in Raytheon in the 3rd quarter worth about $103,000. Finally, Hudock Capital Group LLC grew its stake in Raytheon by 27.8% in the 4th quarter. Hudock Capital Group LLC now owns 534 shares of the aerospace company’s stock worth $81,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 77.14% of the company’s stock.
RTN has been the topic of a number of research analyst reports. Argus restated a “buy” rating and issued a $200.00 target price on shares of Raytheon in a research note on Friday, February 1st. Citigroup dropped their target price on shares of Raytheon from $230.00 to $208.00 and set a “buy” rating on the stock in a research note on Monday, January 14th. Bank of America dropped their target price on shares of Raytheon from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Barclays dropped their target price on shares of Raytheon from $239.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 4th. Finally, ValuEngine upgraded shares of Raytheon from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $217.31.
Shares of RTN opened at $177.83 on Tuesday. Raytheon has a fifty-two week low of $144.27 and a fifty-two week high of $229.75. The company has a market capitalization of $50.06 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 1.34 and a beta of 0.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.46 and a quick ratio of 1.37.
Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, January 31st. The aerospace company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.04. Raytheon had a net margin of 10.75% and a return on equity of 25.81%. The firm had revenue of $7.36 billion during the quarter, compared to analysts’ expectations of $7.50 billion. During the same quarter in the prior year, the company earned $2.03 EPS. As a group, equities analysts expect that Raytheon will post 11.59 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Wednesday, January 2nd were given a $0.8675 dividend. The ex-dividend date of this dividend was Monday, December 31st. This represents a $3.47 annualized dividend and a dividend yield of 1.95%. Raytheon’s payout ratio is presently 32.70%.
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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