Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in Raytheon Company (NYSE:RTN) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,448 shares of the aerospace company’s stock after selling 72 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Raytheon were worth $1,107,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Guardian Life Insurance Co. of America increased its holdings in shares of Raytheon by 0.6% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the aerospace company’s stock valued at $173,000 after acquiring an additional 7 shares during the period. HM Capital Management LLC increased its holdings in shares of Raytheon by 0.5% in the 2nd quarter. HM Capital Management LLC now owns 2,025 shares of the aerospace company’s stock valued at $327,000 after acquiring an additional 10 shares during the period. Ironwood Investment Management LLC increased its holdings in shares of Raytheon by 0.7% in the 2nd quarter. Ironwood Investment Management LLC now owns 2,475 shares of the aerospace company’s stock valued at $400,000 after acquiring an additional 16 shares during the period. Pineno Levin & Ford Asset Management Inc. increased its holdings in shares of Raytheon by 0.8% in the 2nd quarter. Pineno Levin & Ford Asset Management Inc. now owns 1,903 shares of the aerospace company’s stock valued at $307,000 after acquiring an additional 16 shares during the period. Finally, Park National Corp OH increased its holdings in shares of Raytheon by 1.0% in the 2nd quarter. Park National Corp OH now owns 1,769 shares of the aerospace company’s stock valued at $286,000 after acquiring an additional 18 shares during the period. 73.75% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Robert E. Beauchamp purchased 1,162 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $171.99 per share, for a total transaction of $199,852.38. Following the transaction, the director now directly owns 4,303 shares of the company’s stock, valued at approximately $740,072.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Taylor W. Lawrence sold 3,791 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $182.09, for a total value of $690,303.19. The disclosure for this sale can be found here. Insiders sold a total of 5,120 shares of company stock valued at $930,651 in the last quarter. 0.19% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Raytheon from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine raised shares of Raytheon from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Vetr cut shares of Raytheon from a “buy” rating to a “hold” rating and set a $187.08 price objective on the stock. in a research note on Wednesday, August 30th. BidaskClub raised shares of Raytheon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $212.00 price objective (up from $170.00) on shares of Raytheon in a research note on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Raytheon presently has an average rating of “Buy” and a consensus price target of $186.14.

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Raytheon Company (NYSE:RTN) opened at 184.55 on Thursday. The firm has a market cap of $53.57 billion, a P/E ratio of 25.49 and a beta of 0.58. The company has a 50-day moving average of $179.06 and a 200 day moving average of $164.34. Raytheon Company has a 52 week low of $132.89 and a 52 week high of $186.41.

Raytheon (NYSE:RTN) last released its quarterly 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. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The business had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.24 billion. During the same quarter last year, the company posted $2.38 EPS. Raytheon’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts predict that Raytheon Company will post $7.59 earnings per share for the current year.

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.

Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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