Marshall Wace LLP acquired a new position in Raytheon (NYSE:RTN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 384,853 shares of the aerospace company’s stock, valued at approximately $79,534,000. Raytheon comprises about 0.7% of Marshall Wace LLP’s investment portfolio, making the stock its 20th largest position. Marshall Wace LLP owned about 0.14% of Raytheon as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Raytheon by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 23,074,017 shares of the aerospace company’s stock valued at $4,768,477,000 after buying an additional 212,408 shares during the last quarter. BlackRock Inc. lifted its position in shares of Raytheon by 2.9% during the 3rd quarter. BlackRock Inc. now owns 22,549,718 shares of the aerospace company’s stock valued at $4,660,126,000 after buying an additional 638,922 shares during the last quarter. FMR LLC lifted its position in shares of Raytheon by 3.6% during the 2nd quarter. FMR LLC now owns 8,242,330 shares of the aerospace company’s stock valued at $1,592,253,000 after buying an additional 283,720 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Raytheon by 33.3% during the 3rd quarter. Alliancebernstein L.P. now owns 4,054,014 shares of the aerospace company’s stock valued at $837,803,000 after buying an additional 1,013,436 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of Raytheon by 3.3% during the 3rd quarter. Macquarie Group Ltd. now owns 3,572,420 shares of the aerospace company’s stock valued at $738,275,000 after buying an additional 113,209 shares during the last quarter. 73.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:RTN traded up $2.50 during midday trading on Thursday, reaching $168.18. 3,528,984 shares of the company traded hands, compared to its average volume of 1,808,101. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.49. Raytheon has a 12 month low of $162.31 and a 12 month high of $229.75. The firm has a market cap of $47.15 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 1.18 and a beta of 0.81.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Wednesday, January 2nd will be paid a dividend of $0.8675 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $3.47 dividend on an annualized basis and a dividend yield of 2.06%. Raytheon’s payout ratio is 45.54%.

A number of research analysts have recently commented on RTN shares. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $233.00 price target on the stock in a research report on Wednesday, October 3rd. UBS Group started coverage on Raytheon in a research report on Wednesday, August 15th. They set a “buy” rating and a $250.00 price target on the stock. Barclays dropped their price target on Raytheon from $239.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Bank of America dropped their price target on Raytheon from $245.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Finally, Wells Fargo & Co dropped their price target on Raytheon from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, October 26th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $227.15.

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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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