Capital One National Association Has $1.44 Million Position in Raytheon Company (RTN)
Capital One National Association reduced its position in shares of Raytheon Company (NYSE:RTN) by 7.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 8,908 shares of the aerospace company’s stock after selling 702 shares during the period. Capital One National Association’s holdings in Raytheon were worth $1,438,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Crestwood Advisors Group LLC acquired a new stake in Raytheon during the first quarter worth about $110,000. Oakworth Capital Inc. boosted its stake in Raytheon by 156.1% in the first quarter. Oakworth Capital Inc. now owns 730 shares of the aerospace company’s stock worth $111,000 after buying an additional 445 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in Raytheon during the first quarter worth about $111,000. Jacobi Capital Management LLC boosted its stake in Raytheon by 271.1% in the first quarter. Jacobi Capital Management LLC now owns 757 shares of the aerospace company’s stock worth $114,000 after buying an additional 553 shares during the period. Finally, Arrow Financial Corp boosted its stake in Raytheon by 23.3% in the first quarter. Arrow Financial Corp now owns 900 shares of the aerospace company’s stock worth $137,000 after buying an additional 170 shares during the period. Hedge funds and other institutional investors own 74.72% of the company’s stock.
Raytheon Company (RTN) traded up 0.02% during trading on Friday, reaching $178.03. 792,062 shares of the company traded hands. Raytheon Company has a 12 month low of $132.89 and a 12 month high of $181.05. The company has a market cap of $51.67 billion, a PE ratio of 24.59 and a beta of 0.59. The company’s 50-day moving average is $172.80 and its 200 day moving average is $160.80.
Raytheon (NYSE:RTN) last announced its quarterly earnings data on Thursday, July 27th. The aerospace company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.15. The firm had revenue of $6.28 billion during the quarter, compared to the consensus estimate of $6.24 billion. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.38 EPS. On average, analysts anticipate that Raytheon Company will post $7.59 earnings per share for the current year.
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RTN has been the subject of a number of analyst reports. Vetr upgraded shares of Raytheon from a “hold” rating to a “buy” rating and set a $167.16 target price for the company in a research note on Monday, May 22nd. Zacks Investment Research upgraded shares of Raytheon from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research note on Monday, May 1st. 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. Stifel Nicolaus lifted their target price on shares of Raytheon from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $181.00 target price on shares of Raytheon in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $183.01.
In other Raytheon news, Director Vernon E. Clark sold 829 shares of the company’s stock in a transaction 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 transaction, the director now owns 7,588 shares in the company, valued at approximately $1,367,281.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael J. Wood sold 1,442 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $162.98, for a total value of $235,017.16. Following the completion of the transaction, the chief accounting officer now owns 18,470 shares of the company’s stock, valued at approximately $3,010,240.60. The disclosure for this sale can be found here. Insiders sold a total of 16,740 shares of company stock valued at $2,730,129 in the last 90 days. Corporate 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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