Security National Trust Co. Has $176,000 Position in Raytheon Company (RTN)
Security National Trust Co. continued to hold its position in Raytheon Company (NYSE:RTN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,088 shares of the aerospace company’s stock at the end of the 2nd quarter. Security National Trust Co.’s holdings in Raytheon were worth $176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC purchased a new stake in Raytheon in the first quarter worth $111,000. St. Johns Investment Management Company LLC purchased a new stake in Raytheon in the second quarter worth $113,000. Jacobi Capital Management LLC increased its position 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 last quarter. Tarbox Family Office Inc. increased its position in Raytheon by 1,666.7% in the second quarter. Tarbox Family Office Inc. now owns 795 shares of the aerospace company’s stock worth $128,000 after buying an additional 750 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in Raytheon in the second quarter worth $139,000. 73.75% of the stock is owned by institutional investors and hedge funds.
In related news, Director Vernon E. Clark sold 829 shares of the company’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 sale, the director now owns 7,588 shares in the company, valued at approximately $1,367,281.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Frank R. Jimenez sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $181.94, for a total value of $90,970.00. Following the completion of the sale, the vice president now owns 29,292 shares in the company, valued at approximately $5,329,386.48. The disclosure for this sale can be found here. Insiders sold a total of 5,120 shares of company stock worth $930,651 in the last 90 days. 0.19% of the stock is currently owned by company insiders.
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Shares of Raytheon Company (RTN) opened at 184.80 on Thursday. Raytheon Company has a 1-year low of $132.89 and a 1-year high of $185.15. The company’s 50-day moving average price is $179.06 and its 200 day moving average price is $164.34. The company has a market cap of $53.64 billion, a price-to-earnings ratio of 25.52 and a beta of 0.58.
Raytheon (NYSE:RTN) last posted its quarterly earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share for the quarter, topping the 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 return on equity of 20.74% and a net margin of 8.68%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.38 EPS. On average, analysts predict that Raytheon Company will post $7.59 earnings per share for the current fiscal year.
RTN has been the subject of a number of recent research reports. Zacks Investment Research downgraded Raytheon from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Vetr upgraded Raytheon from a “hold” rating to a “buy” rating and set a $170.66 price target for the company in a research report on Thursday, June 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $181.00 price target on shares of Raytheon in a research report on Friday, June 2nd. BidaskClub upgraded Raytheon from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $172.00 price target on shares of Raytheon in a research report on Monday, June 26th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Raytheon has an average rating of “Buy” and a consensus target price of $186.14.
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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