Honkamp Krueger Financial Services Inc. increased its position in Raytheon (NYSE:RTN) by 6.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,547 shares of the aerospace company’s stock after buying an additional 416 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Raytheon were worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in RTN. Charles Schwab Investment Advisory Inc. bought a new stake in Raytheon in the 2nd quarter worth approximately $230,415,000. Alliancebernstein L.P. lifted its position in Raytheon by 33.3% in the 3rd quarter. Alliancebernstein L.P. now owns 4,054,014 shares of the aerospace company’s stock worth $837,803,000 after buying an additional 1,013,436 shares during the last quarter. Wells Fargo & Company MN lifted its position in Raytheon by 45.2% in the 2nd quarter. Wells Fargo & Company MN now owns 2,698,919 shares of the aerospace company’s stock worth $521,378,000 after buying an additional 840,321 shares during the last quarter. Standard Life Aberdeen plc lifted its position in Raytheon by 64.9% in the 3rd quarter. Standard Life Aberdeen plc now owns 1,950,068 shares of the aerospace company’s stock worth $403,010,000 after buying an additional 767,198 shares during the last quarter. Finally, Putnam Investments LLC lifted its position in Raytheon by 49.8% in the 2nd quarter. Putnam Investments LLC now owns 2,154,197 shares of the aerospace company’s stock worth $416,148,000 after buying an additional 716,446 shares during the last quarter. Institutional investors own 73.49% of the company’s stock.
Shares of RTN stock opened at $175.34 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.42. Raytheon has a fifty-two week low of $165.00 and a fifty-two week high of $229.75. The company has a market capitalization of $49.90 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 1.25 and a beta of 0.84.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Wednesday, January 2nd will be paid a dividend of $0.8675 per share. The ex-dividend date is Monday, December 31st. This represents a $3.47 annualized dividend and a dividend yield of 1.98%. Raytheon’s dividend payout ratio (DPR) is presently 45.54%.
A number of analysts recently weighed in on RTN shares. UBS Group started coverage on Raytheon in a research report on Wednesday, August 15th. They issued a “buy” rating and a $250.00 target price for the company. Zacks Investment Research upgraded Raytheon from a “hold” rating to a “buy” rating and set a $233.00 target price for the company in a research report on Wednesday, October 3rd. Bank of America dropped their target price on Raytheon from $245.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Wells Fargo & Co dropped their target price on Raytheon from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, October 26th. Finally, Morgan Stanley dropped their target price on Raytheon from $228.00 to $221.00 and set an “overweight” rating for the company in a research report on Wednesday, November 14th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Raytheon presently has an average rating of “Buy” and a consensus target price of $230.54.
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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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