Raytheon Company (RTN) Holdings Raised by KBC Group NV
KBC Group NV raised its position in Raytheon Company (NYSE:RTN) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 171,349 shares of the aerospace company’s stock after purchasing an additional 360 shares during the period. KBC Group NV owned 0.06% of Raytheon worth $27,670,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in RTN. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Raytheon in the 1st quarter valued at approximately $111,000. St. Johns Investment Management Company LLC purchased a new stake in shares of Raytheon in the 2nd quarter valued at approximately $113,000. Jacobi Capital Management LLC increased its position in shares of Raytheon by 271.1% in the 1st quarter. Jacobi Capital Management LLC now owns 757 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 553 shares during the last quarter. Tarbox Family Office Inc. increased its position in shares of Raytheon by 1,666.7% in the 2nd quarter. Tarbox Family Office Inc. now owns 795 shares of the aerospace company’s stock valued at $128,000 after purchasing an additional 750 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in shares of Raytheon in the 2nd quarter valued at approximately $139,000. 73.75% of the stock is currently owned by institutional investors.
In other Raytheon news, Director Vernon E. Clark sold 829 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $180.19, for a total transaction of $149,377.51. Following the completion of the sale, the director now owns 7,588 shares in the company, valued at $1,367,281.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Frank R. Jimenez sold 500 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $181.94, for a total transaction of $90,970.00. Following the sale, the vice president now owns 29,292 shares of the company’s stock, valued at approximately $5,329,386.48. 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 owned by insiders.
RTN has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $193.00 target price on shares of Raytheon and gave the company a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research raised shares of Raytheon from a “hold” rating to a “buy” rating and set a $183.00 target price on the stock in a research report on Tuesday, May 30th. Vetr downgraded shares of Raytheon from a “buy” rating to a “hold” rating and set a $187.08 target price on the stock. in a research report on Wednesday, August 30th. ValuEngine raised shares of Raytheon from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Finally, BidaskClub raised shares of Raytheon from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Raytheon has an average rating of “Buy” and an average price target of $186.14.
Raytheon Company (NYSE:RTN) opened at 184.80 on Thursday. The stock has a market capitalization of $53.64 billion, a P/E ratio of 25.52 and a beta of 0.58. The firm’s 50-day moving average is $179.06 and its 200 day moving average is $164.34. Raytheon Company has a 12 month low of $132.89 and a 12 month high of $185.15.
Raytheon (NYSE:RTN) last released its earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.15. Raytheon had a net margin of 8.68% and a return on equity of 20.74%. The firm had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.24 billion. During the same quarter in the previous year, the firm earned $2.38 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Raytheon Company will post $7.59 earnings per share for the current year.
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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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