Palladium Partners LLC decreased its holdings in Raytheon (NYSE:RTN) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,817 shares of the aerospace company’s stock after selling 488 shares during the period. Palladium Partners LLC’s holdings in Raytheon were worth $2,377,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Bridger Capital Management LLC bought a new stake in Raytheon during the 3rd quarter valued at about $26,000. Liberty Wealth Management LLC lifted its stake in Raytheon by 312.5% in the third quarter. Liberty Wealth Management LLC now owns 132 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Garrett Wealth Advisory Group LLC purchased a new stake in Raytheon in the third quarter worth about $32,000. First Financial Corp IN purchased a new stake in Raytheon in the third quarter worth about $33,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in Raytheon by 39.1% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 185 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 52 shares in the last quarter. 74.40% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have commented on RTN shares. Bank of America raised their target price on shares of Raytheon from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Cowen reaffirmed a “buy” rating and issued a $225.00 price target on shares of Raytheon in a research report on Thursday, October 24th. JPMorgan Chase & Co. set a $240.00 price objective on shares of Raytheon and gave the company a “buy” rating in a research note on Friday, October 25th. Credit Suisse Group increased their price objective on shares of Raytheon from $235.00 to $257.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, UBS Group lifted their price objective on shares of Raytheon from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $228.57.

RTN traded up $0.42 on Friday, hitting $227.18. The company had a trading volume of 1,336,374 shares, compared to its average volume of 1,931,386. The stock has a market capitalization of $62.89 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 1.95 and a beta of 0.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.27 and a current ratio of 1.34. The stock has a fifty day moving average price of $226.88 and a 200-day moving average price of $207.64. Raytheon has a 12-month low of $169.64 and a 12-month high of $233.48.

Raytheon (NYSE:RTN) last released its quarterly earnings results on Thursday, January 30th. The aerospace company reported $3.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.11 by $0.05. The business had revenue of $7.84 billion during the quarter, compared to analyst estimates of $8 billion. Raytheon had a net margin of 11.46% and a return on equity of 27.22%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.93 earnings per share. Analysts forecast that Raytheon will post 12.61 EPS for the current fiscal year.

In other Raytheon news, Director Stephen J. Hadley sold 1,900 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $232.00, for a total value of $440,800.00. Following the completion of the sale, the director now directly owns 8,750 shares in the company, valued at $2,030,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

About Raytheon

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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