Cowen and Company reiterated their buy rating on shares of Raytheon Company (NYSE:RTN) in a report published on Thursday morning. They currently have a $203.00 price target on the aerospace company’s stock.

A number of other equities research analysts have also recently commented on the stock. Royal Bank Of Canada restated a buy rating and set a $209.00 target price on shares of Raytheon in a research note on Tuesday, October 10th. Citigroup Inc. restated a buy rating and set a $215.00 target price (up previously from $192.00) on shares of Raytheon in a research note on Monday, October 9th. ValuEngine cut shares of Raytheon from a buy rating to a hold rating in a research note on Monday, October 2nd. Jefferies Group LLC restated a buy rating and set a $190.00 target price on shares of Raytheon in a research note on Friday, September 29th. Finally, Deutsche Bank AG upgraded shares of Raytheon from a hold rating to a buy rating and raised their target price for the stock from $180.00 to $210.00 in a research note on Friday, September 29th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Raytheon presently has a consensus rating of Buy and an average price target of $194.07.

Shares of Raytheon (NYSE RTN) traded up 1.04% during trading on Thursday, reaching $188.90. 1,055,687 shares of the company traded hands. The company’s 50-day moving average price is $185.16 and its 200-day moving average price is $169.64. The company has a market capitalization of $54.83 billion, a P/E ratio of 26.09 and a beta of 0.59. Raytheon has a 52 week low of $132.89 and a 52 week high of $189.64.

Raytheon (NYSE:RTN) last issued its quarterly earnings data on Thursday, July 27th. The aerospace company reported $1.89 earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $6.24 billion. During the same quarter in the prior year, the business earned $2.38 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts forecast that Raytheon will post $7.59 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Thursday, October 12th will be given a dividend of $0.7975 per share. This represents a $3.19 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, October 11th. Raytheon’s payout ratio is currently 43.94%.

In other news, VP Frank R. Jimenez sold 500 shares of Raytheon stock in a transaction that occurred 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 in the company, valued at $5,329,386.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Taylor W. Lawrence sold 3,791 shares of Raytheon stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $182.09, for a total transaction of $690,303.19. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,770 shares of company stock worth $1,052,376. Company insiders own 0.19% of the company’s stock.

Several hedge funds have recently bought and sold shares of RTN. St. Johns Investment Management Company LLC purchased a new position in shares of Raytheon in the second quarter valued at $113,000. Jacobi Capital Management LLC grew its holdings in shares of Raytheon by 271.1% in the first 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 in the last quarter. Tarbox Family Office Inc. grew its holdings in shares of Raytheon by 1,666.7% in the second 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 in the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of Raytheon in the second quarter valued at $139,000. Finally, CWM LLC grew its holdings in shares of Raytheon by 7.4% in the second quarter. CWM LLC now owns 916 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 63 shares in the last quarter. 73.62% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Raytheon (NYSE:RTN)

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