Raytheon Co. (NYSE:RTN) shares reached a new 52-week high on Tuesday . The stock traded as high as $139.93 and last traded at $138.68, with a volume of 497,904 shares. The stock had previously closed at $139.19.

Several research analysts have weighed in on RTN shares. Barclays PLC restated a “neutral” rating on shares of Raytheon in a report on Tuesday, May 3rd. Royal Bank Of Canada upped their price objective on shares of Raytheon from $147.00 to $148.00 and gave the stock a “top pick” rating in a report on Friday, April 29th. Sanford C. Bernstein upped their price objective on shares of Raytheon from $148.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, May 2nd. Guggenheim started coverage on shares of Raytheon in a report on Monday, April 4th. They set a “buy” rating and a $144.00 price objective on the stock. Finally, Jefferies Group restated a “buy” rating on shares of Raytheon in a report on Wednesday, July 6th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Raytheon currently has an average rating of “Buy” and a consensus target price of $167.99.

The firm has a market capitalization of $41.24 billion and a PE ratio of 21.54. The firm has a 50-day moving average price of $134.91 and a 200 day moving average price of $127.40.

Raytheon (NYSE:RTN) last released its quarterly earnings results on Thursday, April 28th. The company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.05. During the same quarter in the previous year, the company posted $1.78 EPS. The company had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.45 billion. The business’s quarterly revenue was up 9.0% on a year-over-year basis. Equities research analysts expect that Raytheon Co. will post $7.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 4th. Investors of record on Wednesday, July 6th will be issued a dividend of $0.7325 per share. The ex-dividend date is Friday, July 1st. This represents a $2.93 annualized dividend and a yield of 2.11%.

In other Raytheon news, CEO Thomas A. Kennedy sold 13,858 shares of the company’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $133.82, for a total value of $1,854,477.56. Following the transaction, the chief executive officer now owns 89,385 shares of the company’s stock, valued at approximately $11,961,500.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael J. Wood sold 2,582 shares of the company’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $133.35, for a total value of $344,309.70. Following the completion of the transaction, the chief accounting officer now directly owns 19,871 shares in the company, valued at approximately $2,649,797.85. The disclosure for this sale can be found here.

A number of institutional investors have made changes to their positions in RTN. Vanguard Group Inc. increased its position in Raytheon by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 19,070,568 shares of the company’s stock worth $2,374,857,000 after buying an additional 287,123 shares during the last quarter. Morgan Stanley increased its position in Raytheon by 22.3% in the fourth quarter. Morgan Stanley now owns 4,549,590 shares of the company’s stock worth $566,561,000 after buying an additional 830,749 shares during the last quarter. Wells Fargo & Company MN increased its position in Raytheon by 33.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,436,366 shares of the company’s stock worth $178,871,000 after buying an additional 360,266 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Raytheon by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 799,140 shares of the company’s stock worth $99,523,000 after buying an additional 24,638 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Raytheon by 20.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 559,387 shares of the company’s stock worth $69,660,000 after buying an additional 95,684 shares during the last quarter.

Raytheon Company, together with its subsidiaries, is a technology Company that specializes in defense and other Government markets. The Company develops products, services and solutions in markets: sensing; effects; command, control, communications and intelligence (C3I); and mission support, as well as cyber and information security.

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