UMB Bank N A MO trimmed its holdings in Raytheon Company (NYSE:RTN) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 124,333 shares of the aerospace company’s stock after selling 2,638 shares during the period. UMB Bank N A MO’s holdings in Raytheon were worth $20,077,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. LaFleur & Godfrey LLC boosted its stake in Raytheon by 0.4% in the 2nd quarter. LaFleur & Godfrey LLC now owns 114,101 shares of the aerospace company’s stock worth $18,425,000 after buying an additional 498 shares during the last quarter. Wedbush Securities Inc. boosted its stake in Raytheon by 2.6% in the 2nd quarter. Wedbush Securities Inc. now owns 4,236 shares of the aerospace company’s stock worth $684,000 after buying an additional 108 shares during the last quarter. Sigma Planning Corp boosted its stake in Raytheon by 8.8% in the 2nd quarter. Sigma Planning Corp now owns 5,333 shares of the aerospace company’s stock worth $861,000 after buying an additional 430 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Raytheon by 16.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 39,856 shares of the aerospace company’s stock worth $6,436,000 after buying an additional 5,694 shares during the last quarter. Finally, Crescent Grove Advisors LLC acquired a new stake in Raytheon in the 2nd quarter worth about $325,000. 73.82% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Raytheon Company (NYSE RTN) opened at 182.50 on Friday. The stock has a market capitalization of $52.97 billion, a P/E ratio of 25.21 and a beta of 0.58. The company’s 50 day moving average price is $178.41 and its 200 day moving average price is $163.78. Raytheon Company has a one year low of $132.89 and a one year high of $184.17.

Raytheon (NYSE:RTN) last released its quarterly earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.15. The company had revenue of $6.28 billion during the quarter, compared to the consensus estimate of $6.24 billion. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.38 EPS. On average, equities analysts expect that Raytheon Company will post $7.59 earnings per share for the current year.

A number of analysts have issued reports on the company. Zacks Investment Research lowered Raytheon from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Jefferies Group LLC reissued a “buy” rating and issued a $172.00 price target on shares of Raytheon in a research note on Tuesday, May 23rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $183.00 price target (up from $180.00) on shares of Raytheon in a research note on Sunday, July 30th. Stifel Nicolaus reissued a “buy” rating and issued a $185.00 price target (up from $175.00) on shares of Raytheon in a research note on Sunday, July 30th. Finally, Vetr lowered Raytheon from a “buy” rating to a “hold” rating and set a $187.08 price target on the stock. in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $186.07.

In other news, VP Frank R. Jimenez sold 500 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $181.94, for a total transaction of $90,970.00. Following the completion of the sale, the vice president now owns 29,292 shares in the company, valued at approximately $5,329,386.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Vernon E. Clark sold 829 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $180.19, for a total value of $149,377.51. Following the sale, the director now owns 7,588 shares of the company’s stock, valued at approximately $1,367,281.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,120 shares of company stock valued at $930,651. 0.19% of the stock is currently owned by corporate insiders.

Raytheon Company Profile

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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