Migdal Insurance & Financial Holdings Ltd. boosted its stake in Raytheon (NYSE:RTN) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,234 shares of the aerospace company’s stock after acquiring an additional 11,880 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Raytheon were worth $23,814,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Squar Milner Financial Services LLC bought a new stake in Raytheon during the 2nd quarter worth about $100,000. WESPAC Advisors SoCal LLC bought a new stake in Raytheon during the 3rd quarter worth about $103,000. Fort L.P. bought a new stake in Raytheon during the 2nd quarter worth about $117,000. Mainstay Capital Management LLC ADV lifted its position in Raytheon by 19,218.3% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 25,307 shares of the aerospace company’s stock worth $131,000 after buying an additional 25,176 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in Raytheon by 140.8% during the 2nd quarter. Salem Investment Counselors Inc. now owns 684 shares of the aerospace company’s stock worth $132,000 after buying an additional 400 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors and hedge funds.

RTN stock opened at $180.58 on Thursday. The firm has a market cap of $51.80 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 1.36 and a beta of 0.84. Raytheon has a 52-week low of $165.00 and a 52-week high of $229.75. The company has a quick ratio of 1.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.42.

Raytheon (NYSE:RTN) last posted its quarterly earnings results on Thursday, October 25th. The aerospace company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.28. Raytheon had a net margin of 9.33% and a return on equity of 24.43%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.67 billion. During the same period last year, the company posted $1.97 earnings per share. On average, research analysts predict that Raytheon will post 10.1 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Wednesday, January 2nd will be paid a $0.8675 dividend. This represents a $3.47 annualized dividend and a dividend yield of 1.92%. Raytheon’s payout ratio is 45.54%.

In other Raytheon news, VP Taylor W. Lawrence sold 3,299 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $199.41, for a total value of $657,853.59. Following the completion of the transaction, the vice president now owns 44,220 shares of the company’s stock, valued at approximately $8,817,910.20. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.19% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on RTN shares. Zacks Investment Research upgraded shares of Raytheon from a “hold” rating to a “buy” rating and set a $233.00 price objective on the stock in a research note on Wednesday, October 3rd. UBS Group started coverage on shares of Raytheon in a research note on Wednesday, August 15th. They set a “buy” rating and a $250.00 price objective on the stock. Stifel Nicolaus lowered their price objective on shares of Raytheon from $235.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, July 27th. Bank of America decreased their price target on shares of Raytheon from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Finally, Wells Fargo & Co decreased their price target on shares of Raytheon from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Raytheon currently has a consensus rating of “Buy” and a consensus target price of $230.54.

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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.

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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