Raytheon (NYSE:RTN) Director Stephen J. Hadley sold 800 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $203.31, for a total transaction of $162,648.00. Following the sale, the director now directly owns 10,845 shares of the company’s stock, valued at $2,204,896.95. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Raytheon (NYSE:RTN) opened at $209.53 on Wednesday. The firm has a market cap of $60,570.00, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 1.94 and a beta of 0.76. 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 has a fifty-two week low of $148.65 and a fifty-two week high of $213.45.

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

Raytheon declared that its board has approved a stock buyback plan on Wednesday, November 15th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Scotia Capital Inc. boosted its holdings in shares of Raytheon by 14.1% in the 4th quarter. Scotia Capital Inc. now owns 20,075 shares of the aerospace company’s stock valued at $3,772,000 after buying an additional 2,478 shares during the period. CWA Asset Management Group LLC boosted its holdings in shares of Raytheon by 6.2% in the 4th quarter. CWA Asset Management Group LLC now owns 28,651 shares of the aerospace company’s stock valued at $5,382,000 after buying an additional 1,665 shares during the period. Signaturefd LLC boosted its holdings in shares of Raytheon by 20.3% in the 4th quarter. Signaturefd LLC now owns 2,496 shares of the aerospace company’s stock valued at $469,000 after buying an additional 421 shares during the period. Pitcairn Co. boosted its holdings in shares of Raytheon by 227.1% in the 4th quarter. Pitcairn Co. now owns 4,154 shares of the aerospace company’s stock valued at $780,000 after buying an additional 2,884 shares during the period. Finally, Koch Industries Inc. boosted its holdings in shares of Raytheon by 105.5% in the 4th quarter. Koch Industries Inc. now owns 4,756 shares of the aerospace company’s stock valued at $893,000 after buying an additional 2,442 shares during the period. 72.66% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on RTN shares. Royal Bank of Canada set a $235.00 price target on shares of Raytheon and gave the company a “buy” rating in a report on Tuesday, January 23rd. Zacks Investment Research lowered shares of Raytheon from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Robert W. Baird reaffirmed a “buy” rating and set a $237.00 price target on shares of Raytheon in a report on Friday, January 26th. Stifel Nicolaus raised their price target on shares of Raytheon from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, JPMorgan Chase & Co. lowered shares of Raytheon from an “overweight” rating to a “neutral” rating and raised their price target for the company from $190.00 to $210.00 in a report on Tuesday, December 12th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock 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.

Insider Buying and Selling by Quarter for Raytheon (NYSE:RTN)

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