Raytheon (RTN) Shares Sold by Country Club Trust Company n.a.

Country Club Trust Company n.a. lowered its position in shares of Raytheon (NYSE:RTN) by 7.5% during the fourth quarter, Holdings Channel reports. The fund owned 47,410 shares of the aerospace company’s stock after selling 3,842 shares during the quarter. Country Club Trust Company n.a.’s holdings in Raytheon were worth $8,906,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. TCI Wealth Advisors Inc. boosted its position in shares of Raytheon by 0.8% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 2,048 shares of the aerospace company’s stock worth $331,000 after purchasing an additional 17 shares in the last quarter. Omnia Family Wealth LLC boosted its position in shares of Raytheon by 2.3% during the 2nd quarter. Omnia Family Wealth LLC now owns 1,326 shares of the aerospace company’s stock worth $215,000 after purchasing an additional 30 shares in the last quarter. Courier Capital LLC boosted its position in shares of Raytheon by 1.1% during the 2nd quarter. Courier Capital LLC now owns 2,772 shares of the aerospace company’s stock worth $448,000 after purchasing an additional 30 shares in the last quarter. Linscomb & Williams Inc. boosted its position in shares of Raytheon by 1.8% during the 2nd quarter. Linscomb & Williams Inc. now owns 1,734 shares of the aerospace company’s stock worth $280,000 after purchasing an additional 30 shares in the last quarter. Finally, Regal Investment Advisors LLC boosted its position in shares of Raytheon by 1.9% during the 2nd quarter. Regal Investment Advisors LLC now owns 1,722 shares of the aerospace company’s stock worth $278,000 after purchasing an additional 32 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Raytheon (NYSE:RTN) traded down $0.13 during trading hours on Friday, reaching $193.35. 1,368,900 shares of the company’s stock traded hands, compared to its average volume of 1,369,775. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.55 and a current ratio of 1.66. The stock has a market cap of $57,010.00, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. Raytheon has a 52-week low of $141.28 and a 52-week high of $194.69.

Raytheon (NYSE:RTN) last posted its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.07. The firm had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.33 billion. Raytheon had a net margin of 8.77% and a return on equity of 20.98%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.79 EPS. analysts expect that Raytheon will post 7.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 3rd will be paid a $0.7975 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $3.19 annualized dividend and a yield of 1.65%. Raytheon’s dividend payout ratio (DPR) is 42.93%.

Raytheon announced that its board has approved a stock buyback plan on Wednesday, November 15th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

RTN has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Raytheon from a “hold” rating to a “buy” rating and set a $204.00 price objective on the stock in a research report on Thursday, September 14th. Citigroup reissued a “buy” rating and set a $215.00 price objective (up previously from $192.00) on shares of Raytheon in a research report on Monday, October 9th. Bank of America set a $220.00 price objective on shares of Raytheon and gave the stock a “buy” rating in a research report on Friday, October 27th. Royal Bank of Canada set a $225.00 price objective on shares of Raytheon and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Buckingham Research increased their price objective on shares of Raytheon from $199.00 to $204.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Raytheon has an average rating of “Buy” and a consensus price target of $203.36.

In other Raytheon news, Director Letitia A. Long sold 650 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $185.83, for a total value of $120,789.50. Following the completion of the sale, the director now owns 2,273 shares in the company, valued at approximately $422,391.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen J. Hadley sold 800 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $190.27, for a total transaction of $152,216.00. Following the completion of the sale, the director now owns 11,360 shares of the company’s stock, valued at approximately $2,161,467.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,895 shares of company stock valued at $357,215. Company insiders own 0.19% of the company’s stock.

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About Raytheon

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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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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