Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Raytheon Company (NYSE:RTN) by 0.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,255 shares of the aerospace company’s stock after buying an additional 600 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Raytheon were worth $11,642,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Lockheed Martin Investment Management Co. acquired a new stake in shares of Raytheon during the first quarter valued at approximately $1,830,000. James Investment Research Inc. boosted its stake in shares of Raytheon by 0.6% in the first quarter. James Investment Research Inc. now owns 68,346 shares of the aerospace company’s stock valued at $10,422,000 after buying an additional 381 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Raytheon during the first quarter valued at approximately $204,000. Capstone Asset Management Co. boosted its stake in shares of Raytheon by 7.7% in the first quarter. Capstone Asset Management Co. now owns 72,253 shares of the aerospace company’s stock valued at $11,019,000 after buying an additional 5,179 shares during the last quarter. Finally, Banced Corp boosted its stake in shares of Raytheon by 6.0% in the first quarter. Banced Corp now owns 2,995 shares of the aerospace company’s stock valued at $457,000 after buying an additional 169 shares during the last quarter. Institutional investors own 74.98% of the company’s stock.

Shares of Raytheon Company (NYSE:RTN) traded down 0.066% during trading on Monday, hitting $173.755. 136,902 shares of the stock traded hands. Raytheon Company has a 1-year low of $132.89 and a 1-year high of $174.19. The firm has a 50-day moving average of $165.60 and a 200-day moving average of $157.06. The firm has a market capitalization of $50.43 billion, a price-to-earnings ratio of 23.999 and a beta of 0.59.

Raytheon (NYSE:RTN) last announced its earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.15. Raytheon had a net margin of 8.68% and a return on equity of 20.74%. The business had revenue of $6.28 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter last year, the firm earned $2.38 earnings per share. Raytheon’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts forecast that Raytheon Company will post $7.58 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 3rd. Investors of record on Wednesday, July 5th were paid a dividend of $0.7975 per share. This represents a $3.19 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Friday, June 30th. Raytheon’s dividend payout ratio is presently 43.94%.

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RTN has been the subject of several recent research reports. Cowen and Company reiterated a “buy” rating and set a $170.00 target price on shares of Raytheon in a research report on Monday, April 10th. Vetr cut shares of Raytheon from a “buy” rating to a “hold” rating and set a $166.27 target price for the company. in a research report on Tuesday, May 9th. Jefferies Group LLC reiterated a “buy” rating and set a $172.00 target price on shares of Raytheon in a research report on Monday, June 26th. Zacks Investment Research upgraded shares of Raytheon from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Monday, May 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $181.00 target price on shares of Raytheon in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $176.56.

In related news, VP Taylor W. Lawrence sold 2,756 shares of Raytheon stock in a transaction on Monday, June 5th. The shares were sold at an average price of $162.04, for a total transaction of $446,582.24. Following the completion of the transaction, the vice president now owns 53,285 shares of the company’s stock, valued at $8,634,301.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Wesley D. Kremer sold 1,010 shares of Raytheon stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $163.10, for a total transaction of $164,731.00. Following the transaction, the vice president now directly owns 23,136 shares of the company’s stock, valued at approximately $3,773,481.60. The disclosure for this sale can be found here. Insiders have sold 15,911 shares of company stock valued at $2,580,752 in the last three months. 0.19% of the stock is owned by insiders.

About Raytheon

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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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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