First National Bank of Mount Dora Trust Investment Services Buys 95 Shares of Raytheon (NYSE:RTN)

First National Bank of Mount Dora Trust Investment Services increased its holdings in Raytheon (NYSE:RTN) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,238 shares of the aerospace company’s stock after acquiring an additional 95 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Raytheon were worth $3,788,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in RTN. Integrated Wealth Concepts LLC grew its stake in Raytheon by 12.7% in the second quarter. Integrated Wealth Concepts LLC now owns 2,744 shares of the aerospace company’s stock valued at $447,000 after purchasing an additional 310 shares during the last quarter. Voloridge Investment Management LLC raised its stake in shares of Raytheon by 129.8% during the 3rd quarter. Voloridge Investment Management LLC now owns 59,549 shares of the aerospace company’s stock worth $11,683,000 after acquiring an additional 33,631 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Raytheon by 1.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,193,257 shares of the aerospace company’s stock valued at $234,105,000 after acquiring an additional 11,482 shares in the last quarter. Bridger Capital Management LLC acquired a new position in shares of Raytheon during the third quarter worth $26,000. Finally, Haverford Trust Co. lifted its holdings in shares of Raytheon by 14.8% during the 3rd quarter. Haverford Trust Co. now owns 5,690 shares of the aerospace company’s stock valued at $1,116,000 after purchasing an additional 735 shares during the last quarter. 74.45% of the stock is owned by hedge funds and other institutional investors.

NYSE:RTN traded up $1.27 during trading hours on Friday, reaching $231.50. 2,201,927 shares of the company were exchanged, compared to its average volume of 1,296,320. The stock’s 50-day moving average is $222.73 and its 200-day moving average is $202.56. Raytheon has a twelve month low of $164.70 and a twelve month high of $233.48. The firm has a market cap of $64.30 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.66 and a beta of 0.88. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38.

Raytheon (NYSE:RTN) last released its quarterly earnings results on Thursday, October 24th. The aerospace company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.22. Raytheon had a net margin of 11.47% and a return on equity of 27.23%. The firm had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts anticipate that Raytheon will post 11.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.9425 per share. The ex-dividend date is Tuesday, January 7th. This represents a $3.77 annualized dividend and a yield of 1.63%. Raytheon’s dividend payout ratio (DPR) is currently 35.53%.

In related news, Director Tracy A. Atkinson sold 500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $215.48, for a total transaction of $107,740.00. Following the completion of the sale, the director now directly owns 4,376 shares in the company, valued at $942,940.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Hadley sold 1,900 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $232.00, for a total value of $440,800.00. Following the completion of the transaction, the director now directly owns 8,750 shares of the company’s stock, valued at $2,030,000. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on the company. Wolfe Research set a $221.00 target price on Raytheon and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays set a $215.00 price objective on shares of Raytheon and gave the company a “hold” rating in a report on Tuesday, October 8th. Sanford C. Bernstein increased their price objective on shares of Raytheon from $212.00 to $225.00 and gave the stock a “positive” rating in a research note on Friday, October 25th. UBS Group boosted their target price on shares of Raytheon from $230.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Finally, Cowen reaffirmed a “buy” rating and set a $225.00 price target on shares of Raytheon in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Raytheon presently has an average rating of “Buy” and an average target price of $221.80.

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.

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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