Janus Henderson Group PLC trimmed its holdings in shares of Raytheon Company (NYSE:RTN) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,427,224 shares of the aerospace company’s stock after selling 66,926 shares during the period. Janus Henderson Group PLC owned 0.49% of Raytheon worth $266,291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signature Estate & Investment Advisors LLC bought a new stake in shares of Raytheon during the third quarter worth approximately $103,000. St. Johns Investment Management Company LLC bought a new stake in shares of Raytheon during the second quarter worth approximately $113,000. Jacobi Capital Management LLC raised its stake 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 buying an additional 553 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Raytheon during the second quarter worth approximately $139,000. Finally, Invictus RG bought a new stake in shares of Raytheon during the third quarter worth approximately $152,000. 73.53% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on RTN. Zacks Investment Research upgraded shares of Raytheon from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Wednesday, September 20th. Vetr cut shares of Raytheon from a “buy” rating to a “hold” rating and set a $187.08 price objective for the company. in a report on Tuesday, August 15th. ValuEngine cut shares of Raytheon from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Stifel Nicolaus boosted their price objective on shares of Raytheon from $185.00 to $195.00 and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $209.00 price objective on shares of Raytheon in a report on Tuesday, October 10th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $200.59.

In other news, VP Frank R. Jimenez sold 650 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $187.27, for a total value of $121,725.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Hadley sold 800 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $190.27, for a total transaction of $152,216.00. Following the completion of the transaction, the director now owns 11,360 shares of the company’s stock, valued at approximately $2,161,467.20. The disclosure for this sale can be found here. Insiders sold 1,545 shares of company stock valued at $291,955 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

Raytheon Company (NYSE RTN) traded up $1.93 during trading on Monday, hitting $188.07. 841,100 shares of the stock traded hands, compared to its average volume of 1,468,663. The firm has a market capitalization of $54,368.59, a PE ratio of 24.88, a PEG ratio of 2.56 and a beta of 0.58. Raytheon Company has a 12 month low of $137.70 and a 12 month high of $191.36. 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 released 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 net margin of 8.77% and a return on equity of 20.98%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.79 earnings per share. equities research analysts forecast that Raytheon Company will post 7.61 EPS for the current fiscal 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 issued a $0.7975 dividend. This represents a $3.19 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, January 2nd. Raytheon’s dividend payout ratio (DPR) is presently 42.88%.

Raytheon declared that its board has authorized a stock buyback plan on Wednesday, November 15th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

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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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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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