Foster & Motley Inc. boosted its stake in shares of Raytheon Company (NYSE:RTN) by 26.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,751 shares of the aerospace company’s stock after purchasing an additional 362 shares during the quarter. Foster & Motley Inc.’s holdings in Raytheon were worth $327,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. OxFORD Asset Management LLP raised its stake in shares of Raytheon by 238.8% in the 2nd quarter. OxFORD Asset Management LLP now owns 51,452 shares of the aerospace company’s stock valued at $8,308,000 after buying an additional 36,265 shares in the last quarter. National Pension Service raised its stake in shares of Raytheon by 12.1% in the 2nd quarter. National Pension Service now owns 248,655 shares of the aerospace company’s stock valued at $39,892,000 after buying an additional 26,830 shares in the last quarter. Abner Herrman & Brock LLC raised its stake in shares of Raytheon by 8.2% in the 2nd quarter. Abner Herrman & Brock LLC now owns 77,617 shares of the aerospace company’s stock valued at $12,534,000 after buying an additional 5,866 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of Raytheon by 13.9% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 6,720 shares of the aerospace company’s stock valued at $1,085,000 after buying an additional 820 shares in the last quarter. Finally, Appleton Partners Inc. MA raised its stake in shares of Raytheon by 13.7% in the 2nd quarter. Appleton Partners Inc. MA now owns 8,345 shares of the aerospace company’s stock valued at $1,348,000 after buying an additional 1,005 shares in the last quarter. Hedge funds and other institutional investors own 74.15% of the company’s stock.

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In other Raytheon news, VP Frank R. Jimenez sold 500 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $181.94, for a total transaction of $90,970.00. Following the sale, the vice president now owns 29,292 shares of the company’s stock, valued at approximately $5,329,386.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Frank R. Jimenez sold 650 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $187.27, for a total transaction of $121,725.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,770 shares of company stock worth $1,052,376. Insiders own 0.19% of the company’s stock.

RTN has been the subject of a number of recent research reports. Argus restated a “buy” rating and issued a $195.00 price objective (up previously from $175.00) on shares of Raytheon in a research note on Friday, August 4th. Bank of America Corporation restated a “buy” rating and issued a $200.00 price objective (up previously from $185.00) on shares of Raytheon in a research note on Tuesday, August 1st. BidaskClub cut shares of Raytheon from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Stifel Nicolaus restated a “buy” rating and issued a $185.00 price objective (up previously from $175.00) on shares of Raytheon in a research note on Sunday, July 30th. Finally, Buckingham Research increased their price objective on shares of Raytheon from $190.00 to $199.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Raytheon has a consensus rating of “Buy” and an average price target of $199.24.

Shares of Raytheon Company (NYSE RTN) opened at $186.80 on Wednesday. Raytheon Company has a fifty-two week low of $134.10 and a fifty-two week high of $190.25. The company has a current ratio of 1.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.44. The company has a market cap of $53,324.99, a PE ratio of 24.40, a price-to-earnings-growth ratio of 2.51 and a beta of 0.57.

Raytheon (NYSE:RTN) last issued its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. Raytheon had a net margin of 8.77% and a return on equity of 20.98%. The firm had revenue of $6.28 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the prior year, the firm earned $1.79 EPS. The company’s revenue was up 4.5% on a year-over-year basis. equities analysts forecast that Raytheon Company will post 7.61 earnings per share for the current year.

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 dividend of $0.7975 per share. This represents a $3.19 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Wednesday, October 11th. Raytheon’s dividend payout ratio is currently 42.88%.

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.

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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