Raytheon (NYSE:RTN) VP Rebecca R. Rhoads sold 12,054 shares of the stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $212.09, for a total value of $2,556,532.86. Following the completion of the transaction, the vice president now directly owns 26,266 shares in the company, valued at approximately $5,570,755.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Raytheon stock opened at $215.91 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.54 and a debt-to-equity ratio of 0.48. The firm has a market cap of $62,605.80, a price-to-earnings ratio of 28.33, a P/E/G ratio of 2.05 and a beta of 0.70. Raytheon has a twelve month low of $150.72 and a twelve month high of $222.82.
Raytheon (NYSE:RTN) last posted its earnings results on Thursday, January 25th. The aerospace company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The company had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.81 billion. Raytheon had a return on equity of 21.36% and a net margin of 7.98%. Raytheon’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.84 earnings per share. analysts anticipate that Raytheon will post 9.66 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Investment Centers of America Inc. lifted its holdings in Raytheon by 26.8% during the third quarter. Investment Centers of America Inc. now owns 2,635 shares of the aerospace company’s stock worth $492,000 after buying an additional 557 shares during the period. MUFG Securities EMEA plc purchased a new stake in shares of Raytheon during the 4th quarter valued at $39,449,000. Marietta Wealth Management LLC lifted its holdings in shares of Raytheon by 7.4% during the 3rd quarter. Marietta Wealth Management LLC now owns 9,730 shares of the aerospace company’s stock valued at $1,815,000 after purchasing an additional 667 shares during the last quarter. Independent Advisor Alliance lifted its holdings in shares of Raytheon by 151.1% during the 3rd quarter. Independent Advisor Alliance now owns 4,289 shares of the aerospace company’s stock valued at $806,000 after purchasing an additional 2,581 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of Raytheon by 97.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 131,675 shares of the aerospace company’s stock valued at $24,568,000 after purchasing an additional 64,996 shares during the last quarter. Institutional investors own 73.43% of the company’s stock.
Several research analysts recently issued reports on RTN shares. JPMorgan Chase cut Raytheon from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $190.00 to $210.00 in a research note on Tuesday, December 12th. Morgan Stanley increased their price objective on Raytheon from $224.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Wells Fargo reissued an “outperform” rating and issued a $215.00 price objective (up previously from $202.00) on shares of Raytheon in a research note on Tuesday, January 16th. Robert W. Baird reissued a “buy” rating and issued a $237.00 price objective on shares of Raytheon in a research note on Friday, January 26th. Finally, Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $217.00 price objective on the stock in a research note on Friday, January 12th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $219.36.
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Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.
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