Vanguard Group Inc. increased its position in shares of Raytheon Company (NYSE:RTN) by 1.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,278,418 shares of the aerospace company’s stock after purchasing an additional 367,898 shares during the quarter. Vanguard Group Inc. owned approximately 7.68% of Raytheon worth $3,597,519,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of RTN. St. Johns Investment Management Company LLC purchased a new stake in shares of Raytheon during the second quarter worth approximately $113,000. Jacobi Capital Management LLC increased its position in shares of Raytheon by 271.1% during the first quarter. Jacobi Capital Management LLC now owns 757 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 553 shares in the last quarter. Tarbox Family Office Inc. increased its position in shares of Raytheon by 1,666.7% during the second quarter. Tarbox Family Office Inc. now owns 795 shares of the aerospace company’s stock worth $128,000 after purchasing an additional 750 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of Raytheon during the second quarter worth approximately $139,000. Finally, CWM LLC increased its position in shares of Raytheon by 7.4% during the second quarter. CWM LLC now owns 916 shares of the aerospace company’s stock worth $148,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 73.62% of the company’s stock.

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In other news, VP Frank R. Jimenez sold 650 shares of Raytheon stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $187.27, for a total value of $121,725.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Frank R. Jimenez sold 500 shares of Raytheon stock in a transaction on Wednesday, August 30th. The shares were 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 directly owns 29,292 shares of the company’s stock, valued at approximately $5,329,386.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,770 shares of company stock valued at $1,052,376. Company insiders own 0.19% of the company’s stock.

Several analysts recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $209.00 price target on shares of Raytheon in a research report on Tuesday, October 10th. Citigroup Inc. reiterated a “buy” rating and set a $215.00 price target (up from $192.00) on shares of Raytheon in a research report on Monday, October 9th. ValuEngine cut Raytheon from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $190.00 price target on shares of Raytheon in a research report on Friday, September 29th. Finally, Deutsche Bank AG upgraded Raytheon from a “hold” rating to a “buy” rating and boosted their price target for the stock from $180.00 to $210.00 in a research report on Friday, September 29th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Raytheon presently has a consensus rating of “Buy” and a consensus target price of $193.19.

Raytheon Company (RTN) opened at 187.23 on Thursday. The firm has a market cap of $54.34 billion, a price-to-earnings ratio of 25.86 and a beta of 0.59. Raytheon Company has a 1-year low of $132.89 and a 1-year high of $189.64. The firm’s 50-day moving average price is $184.82 and its 200-day moving average price is $169.25.

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, topping the consensus estimate of $1.74 by $0.15. The company 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%. Raytheon’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.38 earnings per share. On average, equities research analysts anticipate that Raytheon Company will post $7.59 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Thursday, October 12th will be given a $0.7975 dividend. This represents a $3.19 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, October 11th. Raytheon’s dividend payout ratio is currently 43.94%.

Raytheon 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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