Nwam LLC raised its position in Raytheon (NYSE:RTN) by 14.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,540 shares of the aerospace company’s stock after acquiring an additional 192 shares during the quarter. Nwam LLC’s holdings in Raytheon were worth $302,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTN. PFG Advisors acquired a new position in shares of Raytheon during the third quarter worth about $205,000. Landsberg Bennett & Dubbaneh LLC acquired a new position in shares of Raytheon during the third quarter worth about $209,000. Successful Portfolios LLC grew its position in shares of Raytheon by 19.5% during the third quarter. Successful Portfolios LLC now owns 1,660 shares of the aerospace company’s stock worth $326,000 after buying an additional 271 shares in the last quarter. KG&L Capital Management LLC acquired a new position in shares of Raytheon during the third quarter worth about $245,000. Finally, Verity & Verity LLC grew its position in shares of Raytheon by 2.4% during the third quarter. Verity & Verity LLC now owns 35,606 shares of the aerospace company’s stock worth $6,983,000 after buying an additional 830 shares in the last quarter. 73.04% of the stock is owned by institutional investors.
Shares of RTN opened at $200.38 on Thursday. The stock has a 50 day moving average price of $193.73 and a 200 day moving average price of $183.50. The company has a quick ratio of 1.35, a current ratio of 1.46 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $55.34 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.59 and a beta of 0.87. Raytheon has a 52-week low of $144.27 and a 52-week high of $205.28.
Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, July 25th. The aerospace company reported $2.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.61 by $0.31. The firm had revenue of $7.16 billion during the quarter, compared to the consensus estimate of $7.02 billion. Raytheon had a return on equity of 26.34% and a net margin of 10.96%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.45 earnings per share. On average, equities analysts anticipate that Raytheon will post 11.73 EPS for the current fiscal 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 issued a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, October 8th. Raytheon’s dividend payout ratio (DPR) is 35.53%.
In other Raytheon news, VP Randa G. Newsome sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $199.10, for a total value of $856,130.00. Following the completion of the sale, the vice president now owns 18,281 shares in the company, valued at $3,639,747.10. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 value of $1,850,100.00. Following the completion of the sale, 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. Insiders sold 20,769 shares of company stock valued at $3,970,850 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently commented on RTN shares. Credit Suisse Group raised Raytheon from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $188.00 to $230.00 in a research report on Thursday, October 3rd. Buckingham Research downgraded Raytheon from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $265.00 to $195.00 in a research report on Monday, June 24th. Barclays set a $215.00 price objective on Raytheon and gave the stock a “hold” rating in a research report on Tuesday, October 8th. UBS Group boosted their price objective on Raytheon from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. Finally, Bank of America reissued a “buy” rating and set a $265.00 price objective (up from $224.00) on shares of Raytheon in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $214.11.
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.
Recommended Story: Trading Ex-Dividend Strategy
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.