Raytheon Company (NYSE:RTN) VP Frank R. Jimenez sold 95 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $189.62, for a total value of $18,013.90. Following the sale, the vice president now directly owns 28,486 shares in the company, valued at approximately $5,401,515.32. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Raytheon Company (NYSE:RTN) traded down $4.26 during mid-day trading on Friday, reaching $186.89. The company had a trading volume of 1,848,589 shares, compared to its average volume of 1,234,828. Raytheon Company has a 12-month low of $137.70 and a 12-month high of $191.36. The company has a current ratio of 1.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.44. The stock has a market cap of $54,027.47, a price-to-earnings ratio of 24.72, a P/E/G ratio of 2.54 and a beta of 0.57.
Raytheon (NYSE:RTN) last posted its earnings results on Thursday, October 26th. The aerospace company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. Raytheon had a return on equity of 20.98% and a net margin of 8.77%. The firm had revenue of $6.28 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the prior year, the company earned $1.79 EPS. Raytheon’s revenue was up 4.5% on a year-over-year basis. analysts anticipate that Raytheon Company will post 7.61 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 3rd will be paid a $0.7975 dividend. This represents a $3.19 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Tuesday, January 2nd. Raytheon’s payout ratio is currently 42.88%.
Hedge funds have recently bought and sold shares of the stock. Signature Estate & Investment Advisors LLC purchased a new position in shares of Raytheon during the 3rd quarter worth $103,000. St. Johns Investment Management Company LLC purchased a new position in shares of Raytheon during the 2nd quarter worth $113,000. Jacobi Capital Management LLC lifted its stake in shares of Raytheon by 271.1% during the 1st quarter. Jacobi Capital Management LLC now owns 757 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 553 shares during the period. Shine Investment Advisory Services Inc. purchased a new position in shares of Raytheon during the 2nd quarter worth $139,000. Finally, Invictus RG purchased a new position in shares of Raytheon during the 3rd quarter worth $152,000. 73.51% of the stock is currently owned by hedge funds and other institutional investors.
RTN has been the topic of several research analyst reports. Morgan Stanley initiated coverage on Raytheon in a research note on Tuesday, August 8th. They set an “equal weight” rating and a $188.00 price target on the stock. Robert W. Baird reissued an “outperform” rating and set a $212.00 price target (up previously from $170.00) on shares of Raytheon in a research note on Thursday, August 10th. Cowen reissued an “outperform” rating and set a $189.00 price target (up previously from $182.00) on shares of Raytheon in a research note on Thursday, August 10th. Buckingham Research boosted their price target on Raytheon from $190.00 to $199.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, BidaskClub raised Raytheon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $200.59.
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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.
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