Tiaa Fsb Has $6.46 Million Stake in Raytheon (NYSE:RTN)

Tiaa Fsb trimmed its stake in Raytheon (NYSE:RTN) by 47.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,940 shares of the aerospace company’s stock after selling 29,315 shares during the period. Tiaa Fsb’s holdings in Raytheon were worth $6,463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RTN. Wright Investors Service Inc. lifted its holdings in Raytheon by 0.7% during the 2nd quarter. Wright Investors Service Inc. now owns 8,826 shares of the aerospace company’s stock valued at $1,534,000 after purchasing an additional 57 shares during the last quarter. Centric Wealth Management raised its stake in shares of Raytheon by 3.2% in the third quarter. Centric Wealth Management now owns 1,834 shares of the aerospace company’s stock worth $351,000 after acquiring an additional 57 shares during the last quarter. Altfest L J & Co. Inc. raised its stake in shares of Raytheon by 0.8% in the second quarter. Altfest L J & Co. Inc. now owns 7,933 shares of the aerospace company’s stock worth $1,379,000 after acquiring an additional 64 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Raytheon by 3.3% in the second quarter. Sequoia Financial Advisors LLC now owns 1,991 shares of the aerospace company’s stock worth $346,000 after acquiring an additional 64 shares during the last quarter. Finally, Brookmont Capital Management raised its stake in shares of Raytheon by 0.3% in the second quarter. Brookmont Capital Management now owns 18,997 shares of the aerospace company’s stock worth $3,303,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 72.96% of the company’s stock.

RTN has been the subject of a number of research analyst reports. UBS Group boosted their target price on shares of Raytheon from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. ValuEngine raised shares of Raytheon from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Buckingham Research downgraded shares of Raytheon from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $265.00 to $195.00 in a research note on Monday, June 24th. Sanford C. Bernstein downgraded shares of Raytheon from an “outperform” rating to a “market perform” rating and set a $212.00 target price for the company. in a research note on Tuesday, September 17th. Finally, Vertical Research downgraded shares of Raytheon from a “buy” rating to a “hold” rating and dropped their target price for the stock from $216.00 to $203.00 in a research note on Tuesday, June 11th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Raytheon has a consensus rating of “Buy” and an average price target of $213.00.

In related news, VP Wesley D. Kremer sold 2,915 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $200.00, for a total transaction of $583,000.00. Following the completion of the transaction, the vice president now owns 26,260 shares in the company, valued at $5,252,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Randa G. Newsome sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $185.01, for a total transaction of $1,850,100.00. Following the transaction, the vice president now owns 20,396 shares of the company’s stock, valued at approximately $3,773,463.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,469 shares of company stock valued at $3,114,720. 0.18% of the stock is currently owned by insiders.

Shares of RTN traded up $1.48 on Wednesday, reaching $193.70. 5,359 shares of the company’s stock were exchanged, compared to its average volume of 1,919,924. The company has a current ratio of 1.46, a quick ratio of 1.35 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $54.15 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 1.55 and a beta of 0.87. The business has a 50 day moving average price of $190.96 and a two-hundred day moving average price of $182.74. Raytheon has a 12 month low of $144.27 and a 12 month high of $206.81.

Raytheon (NYSE:RTN) last posted its quarterly earnings results on Thursday, July 25th. The aerospace company reported $2.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.61 by $0.31. The business had revenue of $7.16 billion during the quarter, compared to the consensus estimate of $7.02 billion. Raytheon had a net margin of 10.96% and a return on equity of 26.34%. Raytheon’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.45 earnings per share. Equities research analysts predict that Raytheon will post 11.73 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Tuesday, October 8th. Raytheon’s dividend payout ratio (DPR) is 35.53%.

Raytheon Profile

Raytheon Company develops integrated products, services, and solutions for the 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.

Featured Story: How to track put option volume

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).

Institutional Ownership by Quarter 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.



Leave a Reply