Rothschild Asset Management Inc. decreased its stake in Raytheon Company (NYSE:RTN) by 4.4% during the third quarter, Holdings Channel reports. The institutional investor owned 55,312 shares of the company’s stock after selling 2,569 shares during the period. Rothschild Asset Management Inc.’s holdings in Raytheon Company were worth $7,530,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RTN. Stanley Laman Group Ltd. boosted its position in shares of Raytheon Company by 15.7% in the third quarter. Stanley Laman Group Ltd. now owns 1,713 shares of the company’s stock valued at $233,000 after buying an additional 232 shares in the last quarter. Endurance Wealth Management Inc. boosted its position in Raytheon Company by 14.6% in the third quarter. Endurance Wealth Management Inc. now owns 1,138 shares of the company’s stock valued at $156,000 after buying an additional 145 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Raytheon Company by 3.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 890,869 shares of the company’s stock valued at $121,274,000 after buying an additional 27,545 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Raytheon Company by 2.4% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 45,691 shares of the company’s stock valued at $6,220,000 after buying an additional 1,059 shares in the last quarter. Finally, 1ST Source Bank boosted its position in Raytheon Company by 6.1% in the third quarter. 1ST Source Bank now owns 2,141 shares of the company’s stock valued at $291,000 after buying an additional 123 shares in the last quarter. 75.89% of the stock is owned by institutional investors.

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

Raytheon Company (NYSE:RTN) opened at 145.99 on Friday. Raytheon Company has a 1-year low of $115.73 and a 1-year high of $152.58. The firm has a market cap of $42.87 billion, a P/E ratio of 19.49 and a beta of 0.64. The company has a 50-day moving average price of $145.79 and a 200-day moving average price of $140.85.

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

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

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Several equities analysts recently weighed in on the stock. Vetr raised shares of Raytheon Company from a “buy” rating to a “strong-buy” rating and set a $164.50 target price for the company in a research note on Thursday. Royal Bank Of Canada assumed coverage on shares of Raytheon Company in a research note on Thursday. They issued an “outperform” rating and a $180.00 target price for the company. RBC Capital Markets assumed coverage on shares of Raytheon Company in a research note on Thursday. They issued an “outperform” rating and a $180.00 target price for the company. Deutsche Bank AG raised their target price on shares of Raytheon Company from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, December 5th. Finally, Robert W. Baird assumed coverage on shares of Raytheon Company in a research note on Thursday, October 6th. They issued an “outperform” rating and a $170.00 target price for the company. Four investment 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 company’s stock. Raytheon Company has a consensus rating of “Buy” and an average 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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