New England Research & Management Inc. acquired a new stake in Raytheon (NYSE:RTN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,450 shares of the aerospace company’s stock, valued at approximately $376,000.

Several other hedge funds have also recently bought and sold shares of the company. Grassi Investment Management boosted its holdings in shares of Raytheon by 25.6% in the fourth quarter. Grassi Investment Management now owns 49,540 shares of the aerospace company’s stock valued at $7,597,000 after acquiring an additional 10,100 shares during the period. CHICAGO TRUST Co NA boosted its holdings in shares of Raytheon by 10.1% in the fourth quarter. CHICAGO TRUST Co NA now owns 5,234 shares of the aerospace company’s stock valued at $802,000 after acquiring an additional 480 shares during the period. USS Investment Management Ltd boosted its holdings in shares of Raytheon by 0.5% in the fourth quarter. USS Investment Management Ltd now owns 1,444,991 shares of the aerospace company’s stock valued at $221,560,000 after acquiring an additional 7,600 shares during the period. Legacy Capital Partners Inc. boosted its holdings in shares of Raytheon by 1.6% in the fourth quarter. Legacy Capital Partners Inc. now owns 8,504 shares of the aerospace company’s stock valued at $1,304,000 after acquiring an additional 135 shares during the period. Finally, Moody National Bank Trust Division boosted its holdings in shares of Raytheon by 47.0% in the fourth quarter. Moody National Bank Trust Division now owns 676 shares of the aerospace company’s stock valued at $104,000 after acquiring an additional 216 shares during the period. 73.24% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $233.00 price objective for the company in a report on Wednesday, October 3rd. Morgan Stanley cut their price target on Raytheon from $228.00 to $221.00 and set an “overweight” rating for the company in a research note on Wednesday, November 14th. Wells Fargo & Co cut their price target on Raytheon from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. Bank of America cut their price target on Raytheon from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Finally, Barclays cut their price target on Raytheon from $239.00 to $195.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $225.38.

Raytheon stock opened at $159.17 on Friday. Raytheon has a 12 month low of $144.27 and a 12 month high of $229.75. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.49 and a quick ratio of 1.37. The company has a market cap of $44.94 billion, a PE ratio of 20.89, a P/E/G ratio of 0.96 and a beta of 0.90.

Raytheon (NYSE:RTN) last released its quarterly earnings results on Thursday, October 25th. The aerospace company reported $2.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.28. Raytheon had a return on equity of 24.43% and a net margin of 9.33%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.67 billion. During the same quarter in the prior year, the business earned $1.97 earnings per share. As a group, sell-side analysts anticipate that Raytheon will post 10.1 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Wednesday, January 2nd will be given a $0.8675 dividend. This represents a $3.47 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Monday, December 31st. Raytheon’s payout ratio is 45.54%.

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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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