HighTower Advisors LLC boosted its stake in Raytheon Company (NYSE:RTN) by 2.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 138,987 shares of the aerospace company’s stock after buying an additional 3,822 shares during the period. HighTower Advisors LLC’s holdings in Raytheon were worth $21,220,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Financial Architects Inc boosted its stake in Raytheon by 0.5% in the first quarter. Financial Architects Inc now owns 1,305 shares of the aerospace company’s stock valued at $199,000 after buying an additional 7 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in Raytheon by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the aerospace company’s stock valued at $173,000 after buying an additional 7 shares in the last quarter. HM Capital Management LLC boosted its stake in Raytheon by 0.5% in the first quarter. HM Capital Management LLC now owns 2,015 shares of the aerospace company’s stock valued at $307,000 after buying an additional 10 shares in the last quarter. Founders Capital Management LLC boosted its stake in Raytheon by 0.5% in the first quarter. Founders Capital Management LLC now owns 2,327 shares of the aerospace company’s stock valued at $355,000 after buying an additional 12 shares in the last quarter. Finally, Intrust Bank NA boosted its stake in Raytheon by 0.5% in the first quarter. Intrust Bank NA now owns 6,365 shares of the aerospace company’s stock valued at $971,000 after buying an additional 29 shares in the last quarter. Institutional investors and hedge funds own 74.72% of the company’s stock.

Raytheon Company (RTN) traded down 0.20% during trading on Monday, hitting $176.54. 365,492 shares of the company traded hands. The company’s 50 day moving average is $170.94 and its 200-day moving average is $159.65. The stock has a market capitalization of $51.24 billion, a PE ratio of 24.38 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 released its quarterly earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.15. The company had revenue of $6.28 billion for the quarter, compared to the consensus estimate of $6.24 billion. Raytheon had a net margin of 8.68% and a return on equity of 20.74%. Raytheon’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.38 earnings per share. Analysts predict that Raytheon Company will post $7.59 earnings per share for the current year.

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

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Several analysts have issued reports on the stock. Zacks Investment Research cut shares of Raytheon from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Jefferies Group LLC reiterated a “buy” rating and issued a $172.00 target price on shares of Raytheon in a research note on Tuesday, May 23rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $183.00 target price (up from $180.00) on shares of Raytheon in a research note on Sunday, July 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $185.00 target price (up from $175.00) on shares of Raytheon in a research note on Sunday, July 30th. Finally, Vetr cut shares of Raytheon from a “buy” rating to a “hold” rating and set a $187.08 target price on the stock. in a research note on Tuesday, August 15th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Raytheon currently has an average rating of “Buy” and an average price target of $183.01.

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

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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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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