Vetr downgraded shares of Raytheon Company (NYSE:RTN) from a buy rating to a hold rating in a report issued on Tuesday. The firm currently has $187.08 price target on the aerospace company’s stock.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Raytheon from a buy rating to a hold rating in a research note on Monday, May 29th. Jefferies Group LLC restated a buy rating and set a $172.00 price objective on shares of Raytheon in a research note on Tuesday, May 23rd. Sanford C. Bernstein restated an outperform rating and set a $183.00 price objective (up previously from $180.00) on shares of Raytheon in a research note on Sunday, July 30th. Stifel Nicolaus restated a buy rating and set a $185.00 price objective (up previously from $175.00) on shares of Raytheon in a research note on Sunday, July 30th. Finally, BidaskClub upgraded Raytheon from a buy rating to a strong-buy rating in a research note on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Raytheon currently has a consensus rating of Buy and a consensus target price of $183.01.

Shares of Raytheon (NYSE RTN) opened at 177.25 on Tuesday. The stock has a market cap of $51.45 billion, a P/E ratio of 24.48 and a beta of 0.59. The firm’s 50-day moving average price is $170.47 and its 200 day moving average price is $159.43. Raytheon has a one year low of $132.89 and a one year high of $181.05.

Raytheon (NYSE:RTN) last issued its earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.15. The firm had revenue of $6.28 billion for the quarter, compared to analysts’ expectations of $6.24 billion. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.38 earnings per share. Equities research analysts expect that Raytheon will post $7.59 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.thecerbatgem.com/2017/08/18/raytheon-company-rtn-downgraded-by-vetr-inc-to-hold.html.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 3rd. Stockholders of record on Wednesday, July 5th were given a dividend of $0.7975 per share. This represents a $3.19 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Friday, June 30th. Raytheon’s payout ratio is 43.94%.

In related news, VP Wesley D. Kremer sold 1,010 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $163.10, for a total value of $164,731.00. Following the completion of the sale, the vice president now directly owns 23,136 shares of the company’s stock, valued at $3,773,481.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Vernon E. Clark sold 829 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $180.19, for a total value of $149,377.51. Following the completion of the sale, the director now directly owns 7,588 shares of the company’s stock, valued at $1,367,281.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,740 shares of company stock worth $2,730,129. Corporate insiders own 0.19% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Banced Corp raised its stake in shares of Raytheon by 6.0% in the first quarter. Banced Corp now owns 2,995 shares of the aerospace company’s stock valued at $457,000 after buying an additional 169 shares in the last quarter. Edge Wealth Management LLC raised its stake in shares of Raytheon by 2.6% in the first quarter. Edge Wealth Management LLC now owns 12,028 shares of the aerospace company’s stock valued at $1,838,000 after buying an additional 303 shares in the last quarter. Honkamp Krueger Financial Services Inc. raised its stake in shares of Raytheon by 1.8% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 6,953 shares of the aerospace company’s stock valued at $1,060,000 after buying an additional 121 shares in the last quarter. Private Bank & Trust Co. raised its stake in shares of Raytheon by 3.6% in the first quarter. Private Bank & Trust Co. now owns 5,811 shares of the aerospace company’s stock valued at $886,000 after buying an additional 200 shares in the last quarter. Finally, North American Management Corp raised its stake in shares of Raytheon by 2.8% in the first quarter. North American Management Corp now owns 34,569 shares of the aerospace company’s stock valued at $5,272,000 after buying an additional 935 shares in the last quarter. 74.72% of the stock is owned by hedge funds and other institutional investors.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Raytheon (NYSE:RTN)

Receive News & Stock Ratings for Raytheon Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon Company and related stocks with our FREE daily email newsletter.