Syntal Capital Partners LLC Purchases 3,011 Shares of Raytheon Company (RTN)
Syntal Capital Partners LLC boosted its position in Raytheon Company (NYSE:RTN) by 195.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,552 shares of the aerospace company’s stock after purchasing an additional 3,011 shares during the quarter. Raytheon comprises about 0.6% of Syntal Capital Partners LLC’s portfolio, making the stock its 21st biggest holding. Syntal Capital Partners LLC’s holdings in Raytheon were worth $849,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. St. Johns Investment Management Company LLC acquired a new position in Raytheon in the 2nd quarter worth about $113,000. Jacobi Capital Management LLC increased its holdings in Raytheon by 271.1% in the 1st 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 holdings in Raytheon by 1,666.7% in the 2nd 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. acquired a new position in Raytheon in the 2nd quarter worth about $139,000. Finally, CWM LLC increased its holdings in Raytheon by 7.4% in the 2nd 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 74.24% of the company’s stock.
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Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $183.00 price target (up previously from $180.00) on shares of Raytheon in a research note on Sunday, July 30th. Stifel Nicolaus restated a “buy” rating and set a $185.00 target price (up previously from $175.00) on shares of Raytheon in a research report on Sunday, July 30th. BidaskClub lowered Raytheon from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Bank of America Corporation restated a “buy” rating and set a $200.00 target price (up previously from $185.00) on shares of Raytheon in a research report on Tuesday, August 1st. Finally, Argus restated a “buy” rating and set a $195.00 target price (up previously from $175.00) on shares of Raytheon in a research report on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Raytheon presently has a consensus rating of “Buy” and an average price target of $200.18.
Raytheon Company (RTN) opened at $182.85 on Thursday. The firm has a market capitalization of $53,174.66, a price-to-earnings ratio of 24.33, a PEG ratio of 2.50 and a beta of 0.57. Raytheon Company has a 52-week low of $137.70 and a 52-week high of $190.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.55.
Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.07. The company had revenue of $6.28 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Raytheon had a return on equity of 20.98% and a net margin of 8.77%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.79 earnings per share. analysts anticipate that Raytheon Company will post 7.61 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 3rd will be given a $0.7975 dividend. This represents a $3.19 annualized dividend and a dividend yield of 1.74%. Raytheon’s dividend payout ratio (DPR) is presently 42.88%.
In related news, VP Frank R. Jimenez sold 500 shares of Raytheon stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $181.94, for a total transaction of $90,970.00. Following the completion of the sale, the vice president now owns 29,292 shares of the company’s stock, valued at $5,329,386.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Frank R. Jimenez sold 650 shares of Raytheon stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $187.27, for a total value of $121,725.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,941 shares of company stock valued at $902,999. 0.19% of the stock is owned by company insiders.
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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