SVA Wealth Management LLC lessened its position in Raytheon (NYSE:RTN) by 27.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,801 shares of the aerospace company’s stock after selling 1,436 shares during the period. SVA Wealth Management LLC’s holdings in Raytheon were worth $661,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Farmers National Bank bought a new stake in Raytheon during the first quarter valued at about $27,000. Semmax Financial Advisors Inc. grew its position in shares of Raytheon by 148.6% during the first quarter. Semmax Financial Advisors Inc. now owns 174 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 104 shares in the last quarter. Weaver Consulting Group purchased a new position in shares of Raytheon during the first quarter valued at about $36,000. Berman Capital Advisors LLC grew its position in shares of Raytheon by 74.6% during the second quarter. Berman Capital Advisors LLC now owns 220 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 94 shares in the last quarter. Finally, Bremer Bank National Association purchased a new position in shares of Raytheon during the first quarter valued at about $39,000. 72.96% of the stock is owned by hedge funds and other institutional investors.

RTN traded up $5.19 on Monday, hitting $203.91. The company had a trading volume of 1,940,955 shares, compared to its average volume of 1,450,045. The company has a market cap of $54.99 billion, a PE ratio of 19.22, a PEG ratio of 1.58 and a beta of 0.85. Raytheon has a 12-month low of $144.27 and a 12-month high of $210.89. The company has a quick ratio of 1.35, a current ratio of 1.46 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $184.71 and its 200 day simple moving average is $180.98.

Raytheon (NYSE:RTN) last released its quarterly earnings results on Thursday, July 25th. The aerospace company reported $2.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.61 by $0.31. Raytheon had a return on equity of 26.34% and a net margin of 10.96%. The company had revenue of $7.16 billion during the quarter, compared to analyst estimates of $7.02 billion. During the same quarter last year, the business posted $2.45 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. On average, analysts anticipate that Raytheon will post 11.73 earnings per share for the current fiscal year.

In other news, VP Randa G. Newsome sold 10,000 shares of Raytheon stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $185.01, for a total transaction of $1,850,100.00. Following the completion of the sale, the vice president now owns 20,396 shares of the company’s stock, valued at $3,773,463.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Frank R. Jimenez sold 1,054 shares of Raytheon stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $180.00, for a total transaction of $189,720.00. Following the sale, the vice president now directly owns 25,863 shares of the company’s stock, valued at approximately $4,655,340. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

A number of research analysts have recently weighed in on RTN shares. Vertical Research lowered Raytheon from a “buy” rating to a “hold” rating and cut their price objective for the company from $216.00 to $203.00 in a research report on Tuesday, June 11th. JPMorgan Chase & Co. upgraded Raytheon from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $225.00 to $230.00 in a research report on Monday. UBS Group raised their price objective on Raytheon from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Friday. ValuEngine lowered Raytheon from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. Finally, Buckingham Research lowered Raytheon from a “buy” rating to a “neutral” rating and cut their price objective for the company from $265.00 to $195.00 in a research report on Monday, June 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. Raytheon currently has a consensus rating of “Buy” and an average price target of $212.00.

Raytheon Profile

Raytheon Company develops integrated products, services, and solutions for the 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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