Artisan Partners Limited Partnership decreased its position in shares of Raytheon (NYSE:RTN) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 236,853 shares of the aerospace company’s stock after selling 2,900 shares during the quarter. Artisan Partners Limited Partnership owned 0.08% of Raytheon worth $45,755,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Squar Milner Financial Services LLC purchased a new stake in shares of Raytheon during the second quarter valued at approximately $100,000. Rainier Group Investment Advisory LLC purchased a new stake in shares of Raytheon during the first quarter valued at approximately $103,000. Lipe & Dalton purchased a new stake in shares of Raytheon during the first quarter valued at approximately $108,000. Bray Capital Advisors purchased a new stake in shares of Raytheon during the first quarter valued at approximately $113,000. Finally, Clarus Wealth Advisors purchased a new stake in shares of Raytheon during the second quarter valued at approximately $113,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Shares of RTN stock opened at $199.17 on Friday. Raytheon has a 12-month low of $179.29 and a 12-month high of $229.75. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.61. The company has a market capitalization of $57.47 billion, a P/E ratio of 26.14, a P/E/G ratio of 1.54 and a beta of 0.64.

Raytheon (NYSE:RTN) last issued its earnings results on Thursday, July 26th. The aerospace company reported $2.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.46. Raytheon had a net margin of 9.24% and a return on equity of 24.01%. The company had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $6.51 billion. During the same quarter last year, the company posted $1.98 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. equities analysts predict that Raytheon will post 9.93 EPS for the current year.

In related news, CAO Michael J. Wood sold 621 shares of the firm’s stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $212.13, for a total value of $131,732.73. Following the sale, the chief accounting officer now owns 14,462 shares in the company, valued at $3,067,824.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Taylor W. Lawrence sold 1,241 shares of the firm’s stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $212.14, for a total transaction of $263,265.74. Following the completion of the sale, the vice president now owns 46,999 shares in the company, valued at approximately $9,970,367.86. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

RTN has been the topic of a number of recent analyst reports. ValuEngine cut shares of Raytheon from a “buy” rating to a “hold” rating in a report on Friday, June 15th. UBS Group initiated coverage on shares of Raytheon in a report on Wednesday, August 15th. They set a “buy” rating and a $250.00 price target on the stock. Zacks Investment Research cut shares of Raytheon from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Stifel Nicolaus cut their price target on shares of Raytheon from $235.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, July 27th. Finally, Morgan Stanley cut their price target on shares of Raytheon from $239.00 to $228.00 and set an “overweight” rating on the stock in a report on Thursday, July 12th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $224.29.

About Raytheon

Raytheon Company develops integrated products, services, and solutions for defense and other government markets worldwide. It operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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