Brown Advisory Inc. decreased its position in shares of Raytheon (NYSE:RTN) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,512 shares of the aerospace company’s stock after selling 2,113 shares during the quarter. Brown Advisory Inc.’s holdings in Raytheon were worth $10,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of Raytheon by 7.2% in the 3rd quarter. Victory Capital Management Inc. now owns 28,103 shares of the aerospace company’s stock valued at $5,808,000 after purchasing an additional 1,896 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Raytheon by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,039,876 shares of the aerospace company’s stock worth $214,900,000 after acquiring an additional 99,186 shares in the last quarter. Ffcm LLC raised its stake in Raytheon by 153.3% during the 3rd quarter. Ffcm LLC now owns 27,863 shares of the aerospace company’s stock worth $815,000 after acquiring an additional 16,865 shares in the last quarter. Montag A & Associates Inc. raised its stake in Raytheon by 337.6% during the 3rd quarter. Montag A & Associates Inc. now owns 10,681 shares of the aerospace company’s stock worth $2,207,000 after acquiring an additional 8,240 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in Raytheon by 49.4% during the 3rd quarter. MML Investors Services LLC now owns 11,020 shares of the aerospace company’s stock worth $2,277,000 after acquiring an additional 3,642 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

NYSE RTN opened at $180.25 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.37 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $50.79 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.37 and a beta of 1.00. Raytheon has a one year low of $144.27 and a one year high of $229.75.

Raytheon (NYSE:RTN) last posted its quarterly earnings data on Thursday, January 31st. The aerospace company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.04. The company had revenue of $7.36 billion for the quarter, compared to analyst estimates of $7.50 billion. Raytheon had a net margin of 10.75% and a return on equity of 25.81%. During the same period in the previous year, the business posted $2.03 earnings per share. Equities analysts anticipate that Raytheon will post 11.59 earnings per share for the current year.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Raytheon from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. ValuEngine upgraded shares of Raytheon from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Argus reiterated a “buy” rating and set a $200.00 price target on shares of Raytheon in a research note on Friday, February 1st. Barclays cut their price target on shares of Raytheon from $239.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 4th. Finally, Alembic Global Advisors upgraded shares of Raytheon from a “neutral” rating to an “overweight” rating and set a $214.00 price target on the stock in a research note on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. Raytheon currently has an average rating of “Buy” and an average target price of $217.31.

In other Raytheon news, VP Frank R. Jimenez sold 4,094 shares of Raytheon stock in a transaction on Friday, February 15th. The shares were sold at an average price of $183.89, for a total value of $752,845.66. Following the transaction, the vice president now directly owns 36,964 shares in the company, valued at $6,797,309.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Michael J. Wood sold 3,501 shares of Raytheon stock in a transaction on Friday, February 15th. The shares were sold at an average price of $183.86, for a total transaction of $643,693.86. Following the completion of the transaction, the chief accounting officer now owns 19,217 shares in the company, valued at $3,533,237.62. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

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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.

See Also: Hedge Funds

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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