Raytheon Co. (NYSE:RTN) reached a new 52-week high during trading on Thursday . The company traded as high as $142.56 and last traded at $142.33, with a volume of 1,568,528 shares trading hands. The stock had previously closed at $140.79.

A number of equities research analysts have recently weighed in on RTN shares. Jefferies Group reaffirmed a “buy” rating on shares of Raytheon in a research note on Wednesday, July 6th. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a research note on Monday, July 4th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Raytheon in a research note on Thursday, June 9th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Raytheon in a research note on Tuesday, June 7th. Finally, Sterne Agee CRT reaffirmed a “buy” rating on shares of Raytheon in a research note on Monday, May 16th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $172.99.

The stock has a market capitalization of $41.98 billion and a price-to-earnings ratio of 19.88. The firm’s 50 day moving average is $138.01 and its 200-day moving average is $129.86.

Raytheon (NYSE:RTN) last issued its earnings results on Thursday, July 28th. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.64. The firm earned $6 billion during the quarter, compared to analysts’ expectations of $5.83 billion. During the same period last year, the business posted $1.65 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts anticipate that Raytheon Co. will post $7.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 4th. Investors of record on Wednesday, July 6th were given a $0.7325 dividend. This represents a $2.93 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Friday, July 1st.

In related news, CFO Anthony F. O’brien sold 1,238 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $133.35, for a total value of $165,087.30. Following the completion of the sale, the chief financial officer now directly owns 20,309 shares in the company, valued at approximately $2,708,205.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Vernon E. Clark sold 2,540 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $141.01, for a total value of $358,165.40. Following the completion of the sale, the director now owns 7,246 shares of the company’s stock, valued at $1,021,758.46. The disclosure for this sale can be found here.

A number of hedge funds recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Raytheon by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 799,140 shares of the company’s stock valued at $99,523,000 after buying an additional 24,638 shares in the last quarter. State of Tennessee Treasury Department increased its stake in shares of Raytheon by 11.5% in the fourth quarter. State of Tennessee Treasury Department now owns 347,223 shares of the company’s stock valued at $43,239,000 after buying an additional 35,918 shares in the last quarter. US Bancorp DE increased its stake in shares of Raytheon by 9.9% in the fourth quarter. US Bancorp DE now owns 191,798 shares of the company’s stock valued at $23,885,000 after buying an additional 17,259 shares in the last quarter. Employees Retirement System of Texas increased its stake in shares of Raytheon by 15.2% in the fourth quarter. Employees Retirement System of Texas now owns 186,900 shares of the company’s stock valued at $23,275,000 after buying an additional 24,700 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Raytheon by 0.5% in the fourth quarter. KBC Group NV now owns 59,530 shares of the company’s stock valued at $7,413,000 after buying an additional 298 shares in 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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