Winfield Associates Inc. raised its position in Raytheon Company (NYSE:RTN) by 1.3% during the third quarter, Holdings Channel reports. The fund owned 16,555 shares of the company’s stock after buying an additional 215 shares during the period. Raytheon Company comprises 1.4% of Winfield Associates Inc.’s investment portfolio, making the stock its 18th largest position. Winfield Associates Inc.’s holdings in Raytheon Company were worth $2,254,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Archford Capital Strategies LLC raised its position in shares of Raytheon Company by 0.3% in the second quarter. Archford Capital Strategies LLC now owns 2,898 shares of the company’s stock valued at $394,000 after buying an additional 8 shares in the last quarter. HM Capital Management LLC raised its position in shares of Raytheon Company by 0.5% in the third quarter. HM Capital Management LLC now owns 1,995 shares of the company’s stock valued at $272,000 after buying an additional 10 shares in the last quarter. Founders Capital Management LLC raised its position in shares of Raytheon Company by 0.5% in the third quarter. Founders Capital Management LLC now owns 2,304 shares of the company’s stock valued at $314,000 after buying an additional 12 shares in the last quarter. Ausdal Financial Partners Inc. raised its position in shares of Raytheon Company by 0.6% in the second quarter. Ausdal Financial Partners Inc. now owns 2,463 shares of the company’s stock valued at $335,000 after buying an additional 15 shares in the last quarter. Finally, Argent Trust Co raised its position in shares of Raytheon Company by 0.4% in the second quarter. Argent Trust Co now owns 3,896 shares of the company’s stock valued at $530,000 after buying an additional 17 shares in the last quarter. 75.89% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Raytheon Company (NYSE:RTN)

Shares of Raytheon Company (NYSE:RTN) traded up 0.47% on Friday, reaching $146.32. The company’s stock had a trading volume of 754,858 shares. The firm has a 50 day moving average price of $145.79 and a 200-day moving average price of $140.77. The stock has a market cap of $42.97 billion, a PE ratio of 19.54 and a beta of 0.64. Raytheon Company has a 12-month low of $115.73 and a 12-month high of $152.58.

Raytheon Company (NYSE:RTN) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. The firm earned $6 billion during the quarter, compared to analysts’ expectations of $6.04 billion. Raytheon Company had a return on equity of 19.98% and a net margin of 9.26%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 EPS. Equities research analysts expect that Raytheon Company will post $7.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 2nd. Investors of record on Wednesday, January 4th will be paid a dividend of $0.7325 per share. This represents a $2.93 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, December 30th. Raytheon Company’s dividend payout ratio (DPR) is currently 39.12%.

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RTN has been the subject of several recent research reports. Robert W. Baird initiated coverage on Raytheon Company in a research report on Thursday, October 6th. They set an “outperform” rating and a $170.00 price objective for the company. Zacks Investment Research lowered Raytheon Company from a “hold” rating to a “sell” rating in a research report on Monday, October 17th. Vertical Research initiated coverage on Raytheon Company in a research report on Friday, October 28th. They set a “buy” rating and a $154.00 price objective for the company. Deutsche Bank AG raised their price objective on Raytheon Company from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Friday, October 28th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Raytheon Company in a research report on Monday, November 14th. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $155.76.

Raytheon Company Company Profile

Raytheon Company (Raytheon), together with its subsidiaries, is a technology company. The Company develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity.

5 Day Chart for NYSE:RTN

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