BB&T Securities LLC boosted its holdings in shares of Raytheon (NYSE:RTN) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,280 shares of the aerospace company’s stock after buying an additional 4,235 shares during the period. BB&T Securities LLC’s holdings in Raytheon were worth $13,190,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Rainier Group Investment Advisory LLC bought a new stake in Raytheon during the first quarter valued at $103,000. Lipe & Dalton bought a new stake in Raytheon during the first quarter valued at $108,000. Squar Milner Financial Services LLC bought a new stake in Raytheon during the second quarter valued at $100,000. Clarus Wealth Advisors bought a new stake in Raytheon during the second quarter valued at $113,000. Finally, Stelac Advisory Services LLC bought a new stake in Raytheon during the first quarter valued at $136,000. 73.36% of the stock is owned by institutional investors.

Several research firms recently issued reports on RTN. Zacks Investment Research lowered Raytheon from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. ValuEngine downgraded Raytheon from a “buy” rating to a “hold” rating in a research report on Friday, June 15th. Morgan Stanley lowered their price target on Raytheon from $239.00 to $228.00 and set an “overweight” rating on the stock in a research report on Thursday, July 12th. Credit Suisse Group restated a “neutral” rating and set a $219.00 price target (down previously from $250.00) on shares of Raytheon in a research report on Tuesday, May 22nd. Finally, UBS Group initiated coverage on Raytheon in a research report on Wednesday, August 15th. They set a “buy” rating and a $250.00 price target on the stock. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $224.29.

NYSE RTN opened at $200.38 on Friday. Raytheon has a twelve month low of $179.29 and a twelve month high of $229.75. The company has a current ratio of 1.61, a quick ratio of 1.51 and a debt-to-equity ratio of 0.45. The stock has a market cap of $56.49 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 1.51 and a beta of 0.68.

Raytheon (NYSE:RTN) last released its quarterly earnings data on Thursday, July 26th. The aerospace company reported $2.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.46. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.51 billion. Raytheon had a return on equity of 24.01% and a net margin of 9.24%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.98 earnings per share. analysts predict that Raytheon will post 9.93 EPS for the current fiscal year.

In other news, VP Taylor W. Lawrence sold 3,299 shares of Raytheon stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $199.41, for a total value of $657,853.59. Following the transaction, the vice president now owns 44,220 shares in the company, valued at $8,817,910.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.19% of the stock is currently owned by insiders.

About Raytheon

Raytheon Company develops integrated products, services, and solutions for defense and other government markets worldwide. It operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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