Aperio Group LLC Has $44.62 Million Position in Raytheon Company (NYSE:RTN)
Aperio Group LLC raised its stake in shares of Raytheon Company (NYSE:RTN) by 6.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 276,335 shares of the aerospace company’s stock after buying an additional 17,688 shares during the period. Aperio Group LLC owned 0.09% of Raytheon worth $44,623,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Crestwood Advisors Group LLC bought a new stake in shares of Raytheon during the first quarter valued at about $110,000. Oakworth Capital Inc. raised its stake in shares of Raytheon by 156.1% in the first quarter. Oakworth Capital Inc. now owns 730 shares of the aerospace company’s stock valued at $111,000 after buying an additional 445 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of Raytheon during the first quarter valued at about $111,000. St. Johns Investment Management Company LLC bought a new stake in shares of Raytheon during the second quarter valued at about $113,000. Finally, Jacobi Capital Management LLC raised its stake in shares of Raytheon by 271.1% in the first quarter. Jacobi Capital Management LLC now owns 757 shares of the aerospace company’s stock valued at $114,000 after buying an additional 553 shares during the last quarter. 74.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Raytheon Company (NYSE RTN) traded down 0.20% on Friday, reaching $176.90. 1,096,760 shares of the company were exchanged. The firm’s 50 day moving average price is $170.94 and its 200 day moving average price is $159.65. The stock has a market capitalization of $51.34 billion, a price-to-earnings ratio of 24.43 and a beta of 0.59. Raytheon Company has a 52 week low of $132.89 and a 52 week high of $181.05.
Raytheon (NYSE:RTN) last posted its quarterly earnings results on Thursday, July 27th. The aerospace company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.74 by $0.15. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The company had revenue of $6.28 billion during the quarter, compared to analysts’ expectations of $6.24 billion. During the same quarter in the previous year, the business earned $2.38 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Raytheon Company will post $7.59 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 3rd. Stockholders of record on Wednesday, July 5th were issued 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 currently 43.94%.
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RTN has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Raytheon from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Vetr downgraded shares of Raytheon from a “buy” rating to a “hold” rating and set a $166.27 price target for the company. in a research note on Tuesday, May 9th. Deutsche Bank AG boosted their price target on shares of Raytheon from $156.00 to $160.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Royal Bank Of Canada reissued a “buy” rating and issued a $181.00 price target on shares of Raytheon in a research note on Friday, June 2nd. Finally, BidaskClub raised shares of 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 and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $183.01.
In other news, Director Vernon E. Clark sold 829 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was 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 in the company, valued at approximately $1,367,281.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Wesley D. Kremer sold 1,010 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were 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 owns 23,136 shares of the company’s stock, valued at $3,773,481.60. The disclosure for this sale can be found here. Insiders have sold a total of 16,740 shares of company stock valued at $2,730,129 in the last quarter. Company insiders own 0.19% of the company’s stock.
Raytheon Company Profile
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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