Deutsche Bank AG upgraded shares of Raytheon Company (NYSE:RTN) from a hold rating to a buy rating in a report published on Friday morning. They currently have $210.00 price objective on the aerospace company’s stock, up from their prior price objective of $180.00.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus reaffirmed a buy rating and set a $185.00 price target (up from $175.00) on shares of Raytheon in a research report on Sunday, July 30th. Sanford C. Bernstein reaffirmed an outperform rating and set a $183.00 price target (up from $180.00) on shares of Raytheon in a research report on Sunday, July 30th. Vetr cut shares of Raytheon from a buy rating to a hold rating and set a $187.08 price target on the stock. in a research report on Tuesday, August 15th. Zacks Investment Research raised shares of Raytheon from a hold rating to a buy rating and set a $205.00 price target on the stock in a research report on Wednesday, September 20th. Finally, BidaskClub raised shares of Raytheon from a buy rating to a strong-buy rating in a research report on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $189.47.

Raytheon (RTN) traded up 1.39% during midday trading on Friday, hitting $186.58. 1,713,513 shares of the stock were exchanged. Raytheon has a 12-month low of $132.89 and a 12-month high of $186.70. The stock has a market cap of $54.15 billion, a price-to-earnings ratio of 25.77 and a beta of 0.58. The firm has a 50 day moving average of $179.06 and a 200-day moving average of $164.34.

Raytheon (NYSE:RTN) last released its earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.15. Raytheon had a net margin of 8.68% and a return on equity of 20.74%. The business had revenue of $6.28 billion for the quarter, compared to analysts’ expectations of $6.24 billion. During the same period last year, the company earned $2.38 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts expect that Raytheon will post $7.59 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Thursday, October 12th will be issued a $0.7975 dividend. The ex-dividend date is Wednesday, October 11th. This represents a $3.19 annualized dividend and a yield of 1.71%. Raytheon’s dividend payout ratio is presently 43.94%.

In other Raytheon news, Director Robert E. Beauchamp purchased 1,162 shares of the stock in a transaction dated Monday, July 31st. The stock was bought at an average price of $171.99 per share, with a total value of $199,852.38. Following the acquisition, the director now owns 4,303 shares of the company’s stock, valued at $740,072.97. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vernon E. Clark sold 829 shares of the business’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 transaction, the director now directly owns 7,588 shares of the company’s stock, valued at approximately $1,367,281.72. The disclosure for this sale can be found here. Insiders sold a total of 5,120 shares of company stock valued at $930,651 over the last ninety days. Insiders own 0.19% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Guardian Life Insurance Co. of America raised its holdings in shares of Raytheon by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the aerospace company’s stock worth $173,000 after buying an additional 7 shares in the last quarter. HM Capital Management LLC raised its holdings in shares of Raytheon by 0.5% during the 2nd quarter. HM Capital Management LLC now owns 2,025 shares of the aerospace company’s stock worth $327,000 after buying an additional 10 shares in the last quarter. Ironwood Investment Management LLC raised its holdings in shares of Raytheon by 0.7% during the 2nd quarter. Ironwood Investment Management LLC now owns 2,475 shares of the aerospace company’s stock worth $400,000 after buying an additional 16 shares in the last quarter. Pineno Levin & Ford Asset Management Inc. raised its holdings in shares of Raytheon by 0.8% during the 2nd quarter. Pineno Levin & Ford Asset Management Inc. now owns 1,903 shares of the aerospace company’s stock worth $307,000 after buying an additional 16 shares in the last quarter. Finally, TCI Wealth Advisors Inc. raised its holdings in shares of Raytheon by 0.8% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 2,048 shares of the aerospace company’s stock worth $331,000 after buying an additional 17 shares in the last quarter. 73.75% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Raytheon (NYSE:RTN)

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