Adell Harriman & Carpenter Inc. lifted its holdings in Raytheon (NYSE:RTN) by 42.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,775 shares of the aerospace company’s stock after acquiring an additional 3,525 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Raytheon were worth $2,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. OxFORD Asset Management LLP lifted its holdings in Raytheon by 238.8% during the 2nd quarter. OxFORD Asset Management LLP now owns 51,452 shares of the aerospace company’s stock worth $8,308,000 after buying an additional 36,265 shares in the last quarter. Investment Centers of America Inc. lifted its holdings in Raytheon by 26.8% during the 3rd quarter. Investment Centers of America Inc. now owns 2,635 shares of the aerospace company’s stock worth $492,000 after buying an additional 557 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Raytheon by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 798,986 shares of the aerospace company’s stock worth $129,017,000 after buying an additional 2,849 shares in the last quarter. Boulegeris Investments Inc. lifted its holdings in Raytheon by 32.5% during the 3rd quarter. Boulegeris Investments Inc. now owns 11,550 shares of the aerospace company’s stock worth $2,155,000 after buying an additional 2,835 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new position in Raytheon during the 3rd quarter worth $24,642,000. 73.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of Raytheon (NYSE RTN) opened at $201.13 on Wednesday. The company has a market cap of $58,140.00, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 1.96 and a beta of 0.76. Raytheon has a 1 year low of $147.84 and a 1 year high of $213.45. The company has a current ratio of 1.54, a quick ratio of 1.46 and a debt-to-equity ratio of 0.48.

Raytheon (NYSE:RTN) last issued its earnings results on Thursday, January 25th. The aerospace company reported $2.03 EPS for the quarter, beating the consensus estimate of $2.02 by $0.01. The company had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.81 billion. Raytheon had a net margin of 7.98% and a return on equity of 21.36%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS. equities research analysts forecast that Raytheon will post 9.65 earnings per share for the current fiscal year.

Raytheon announced that its board has approved a share buyback plan on Wednesday, November 15th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 3rd were given a dividend of $0.7975 per share. This represents a $3.19 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Tuesday, January 2nd. Raytheon’s payout ratio is 45.97%.

In related news, VP Frank R. Jimenez sold 175 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $189.13, for a total value of $33,097.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen J. Hadley sold 800 shares of the company’s stock in a transaction 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 sale, 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 have sold a total of 7,274 shares of company stock valued at $1,486,162 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

Several research analysts have issued reports on RTN shares. Cowen reaffirmed a “buy” rating and set a $203.00 price objective on shares of Raytheon in a report on Thursday, October 26th. Robert W. Baird reaffirmed a “buy” rating and set a $212.00 price objective on shares of Raytheon in a report on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $209.00 price objective on shares of Raytheon in a report on Tuesday, October 10th. Bank of America set a $220.00 price objective on Raytheon and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Buckingham Research upped their price objective on Raytheon from $199.00 to $204.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Raytheon currently has a consensus rating of “Buy” and a consensus price target of $210.77.

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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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