MUFG Americas Holdings Corp lessened its holdings in Raytheon (NYSE:RTN) by 15.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,010 shares of the aerospace company’s stock after selling 1,635 shares during the period. MUFG Americas Holdings Corp’s holdings in Raytheon were worth $1,741,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global X Management Co. LLC lifted its stake in Raytheon by 13.6% in the first quarter. Global X Management Co. LLC now owns 4,477 shares of the aerospace company’s stock valued at $966,000 after purchasing an additional 535 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Raytheon by 1.3% in the first quarter. Wells Fargo & Company MN now owns 1,858,598 shares of the aerospace company’s stock valued at $401,123,000 after purchasing an additional 24,543 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Raytheon by 10.1% in the first quarter. Daiwa Securities Group Inc. now owns 9,819 shares of the aerospace company’s stock valued at $2,119,000 after purchasing an additional 902 shares during the last quarter. D.B. Root & Company LLC lifted its stake in Raytheon by 12.2% in the first quarter. D.B. Root & Company LLC now owns 4,248 shares of the aerospace company’s stock valued at $917,000 after purchasing an additional 461 shares during the last quarter. Finally, Dupont Capital Management Corp lifted its stake in Raytheon by 47.1% in the first quarter. Dupont Capital Management Corp now owns 48,588 shares of the aerospace company’s stock valued at $10,486,000 after purchasing an additional 15,548 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Several equities analysts recently commented on the company. UBS Group assumed coverage on Raytheon in a research note on Wednesday, August 15th. They issued a “buy” rating and a $250.00 price objective on the stock. Zacks Investment Research upgraded Raytheon from a “hold” rating to a “buy” rating and set a $221.00 price objective on the stock in a research note on Thursday, August 2nd. Stifel Nicolaus dropped their price objective on Raytheon from $235.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, July 27th. Morgan Stanley dropped their price objective on Raytheon from $239.00 to $228.00 and set an “overweight” rating on the stock in a research note on Thursday, July 12th. Finally, ValuEngine downgraded Raytheon from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $224.29.

In other Raytheon news, VP Taylor W. Lawrence sold 1,241 shares of the stock in a transaction 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 sale, the vice president now owns 46,999 shares in the company, valued at $9,970,367.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Michael J. Wood sold 621 shares of the stock in a transaction on Monday, June 4th. The stock was 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 approximately $3,067,824.06. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

NYSE:RTN opened at $199.17 on Friday. The firm has a market cap of $57.07 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 1.53 and a beta of 0.64. Raytheon has a 1 year low of $179.29 and a 1 year high of $229.75. The company has a current ratio of 1.61, a quick ratio of 1.51 and a debt-to-equity ratio of 0.45.

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

Raytheon Profile

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.

Further Reading: Dividend

Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

Receive News & Ratings for Raytheon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon and related companies with MarketBeat.com's FREE daily email newsletter.