Moody Lynn & Lieberson LLC boosted its stake in Raytheon Co. (NYSE:RTN) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 141,203 shares of the company’s stock after buying an additional 2,588 shares during the period. Raytheon accounts for 3.4% of Moody Lynn & Lieberson LLC’s portfolio, making the stock its 4th largest position. Moody Lynn & Lieberson LLC’s holdings in Raytheon were worth $19,197,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. HM Capital Management LLC increased its position in shares of Raytheon by 0.6% in the second quarter. HM Capital Management LLC now owns 1,985 shares of the company’s stock valued at $270,000 after buying an additional 11 shares during the period. Founders Capital Management LLC increased its position in shares of Raytheon by 0.6% in the second quarter. Founders Capital Management LLC now owns 2,292 shares of the company’s stock valued at $312,000 after buying an additional 13 shares during the period. Northstar Group Inc. increased its position in shares of Raytheon by 0.4% in the second quarter. Northstar Group Inc. now owns 4,017 shares of the company’s stock valued at $546,000 after buying an additional 15 shares during the period. Eqis Capital Management Inc. increased its position in shares of Raytheon by 1.0% in the second quarter. Eqis Capital Management Inc. now owns 1,882 shares of the company’s stock valued at $256,000 after buying an additional 18 shares during the period. Finally, First Midwest Bank Trust Division increased its position in shares of Raytheon by 0.5% in the second quarter. First Midwest Bank Trust Division now owns 4,557 shares of the company’s stock valued at $619,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 77.89% of the company’s stock.

Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

Shares of Raytheon Co. (NYSE:RTN) traded up 0.34% on Tuesday, reaching $137.75. 603,124 shares of the company were exchanged. Raytheon Co. has a 12 month low of $111.60 and a 12 month high of $143.39. The company has a market cap of $40.65 billion, a price-to-earnings ratio of 19.25 and a beta of 0.64. The company’s 50-day moving average price is $138.18 and its 200 day moving average price is $134.88.

Raytheon (NYSE:RTN) last released its quarterly earnings data on Thursday, July 28th. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.64. The company earned $6 billion during the quarter, compared to analyst estimates of $5.83 billion. Raytheon had a net margin of 9.02% and a return on equity of 19.26%. Raytheon’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.65 EPS. On average, equities research analysts expect that Raytheon Co. will post $7.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Wednesday, October 5th will be given a $0.7325 dividend. This represents a $2.93 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Monday, October 3rd. Raytheon’s payout ratio is currently 40.86%.

Several research analysts recently commented on the stock. Argus reiterated a “buy” rating and issued a $161.00 target price on shares of Raytheon in a report on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Raytheon from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. JPMorgan Chase & Co. set a $145.00 price target on shares of Raytheon and gave the stock a “buy” rating in a research report on Friday, July 29th. Credit Suisse Group AG restated a “buy” rating and issued a $151.00 price target on shares of Raytheon in a research report on Friday, July 29th. Finally, Jefferies Group raised their price target on shares of Raytheon from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the company. Raytheon presently has an average rating of “Buy” and a consensus price target of $174.67.

In related news, Director Vernon E. Clark sold 2,540 shares of Raytheon stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $141.01, for a total value of $358,165.40. Following the completion of the sale, the director now owns 7,246 shares of the company’s stock, valued at approximately $1,021,758.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Raytheon Company Profile

Raytheon Company (Raytheon), together with its subsidiaries, is a technology company. The Company develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity.

5 Day Chart for NYSE:RTN

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