Raytheon Company (RTN) Shares Sold by Schroder Investment Management Group
Schroder Investment Management Group lowered its holdings in shares of Raytheon Company (NYSE:RTN) by 4.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 438,151 shares of the aerospace company’s stock after selling 18,599 shares during the period. Schroder Investment Management Group owned about 0.15% of Raytheon worth $70,293,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of RTN. St. Johns Investment Management Company LLC acquired a new position in shares of Raytheon during the 2nd quarter worth $113,000. Jacobi Capital Management LLC raised its holdings in shares of Raytheon by 271.1% during the 1st quarter. Jacobi Capital Management LLC now owns 757 shares of the aerospace company’s stock worth $114,000 after buying an additional 553 shares in the last quarter. Tarbox Family Office Inc. raised its holdings in shares of Raytheon by 1,666.7% during the 2nd quarter. Tarbox Family Office Inc. now owns 795 shares of the aerospace company’s stock worth $128,000 after buying an additional 750 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Raytheon during the 2nd quarter worth $139,000. Finally, CWM LLC raised its holdings in shares of Raytheon by 7.4% during the 2nd quarter. CWM LLC now owns 916 shares of the aerospace company’s stock worth $148,000 after buying an additional 63 shares in the last quarter. 73.75% of the stock is owned by institutional investors.
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Shares of Raytheon Company (RTN) opened at 187.73 on Friday. The stock has a 50 day moving average price of $182.63 and a 200 day moving average price of $167.10. Raytheon Company has a 52 week low of $132.89 and a 52 week high of $188.31. The firm has a market cap of $54.49 billion, a PE ratio of 25.93 and a beta of 0.59.
Raytheon (NYSE:RTN) last released its quarterly earnings data on Thursday, July 27th. The aerospace company reported $1.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.15. The firm 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 company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.38 earnings per share. Equities analysts expect that Raytheon Company will post $7.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders 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 dividend yield of 1.70%. Raytheon’s dividend payout ratio is currently 43.94%.
In other news, VP Taylor W. Lawrence sold 3,791 shares of Raytheon stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $182.09, for a total value of $690,303.19. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert E. Beauchamp acquired 1,162 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was bought at an average price of $171.99 per share, for a total transaction of $199,852.38. Following the acquisition, the director now owns 4,303 shares of the company’s stock, valued at approximately $740,072.97. The disclosure for this purchase can be found here. In the last quarter, insiders sold 5,770 shares of company stock worth $1,052,376. Company insiders own 0.19% of the company’s stock.
A number of equities analysts have recently commented on the company. ValuEngine cut Raytheon from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $190.00 target price on shares of Raytheon in a report on Friday, September 29th. Deutsche Bank AG raised Raytheon from a “hold” rating to a “buy” rating and upped their target price for the stock from $180.00 to $210.00 in a report on Friday, September 29th. Zacks Investment Research cut Raytheon from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Vetr cut Raytheon from a “buy” rating to a “hold” rating and set a $187.08 target price for the company. in a report on Wednesday, August 30th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Raytheon currently has an average rating of “Buy” and a consensus target price of $190.67.
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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