Voya Investment Management LLC grew its position in shares of Raytheon (NYSE:RTN) by 26.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 204,845 shares of the aerospace company’s stock after buying an additional 42,683 shares during the quarter. Voya Investment Management LLC owned 0.07% of Raytheon worth $39,572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of RTN. Wells Fargo & Company MN grew its holdings in shares of Raytheon by 1.3% during the first quarter. Wells Fargo & Company MN now owns 1,858,598 shares of the aerospace company’s stock valued at $401,123,000 after buying an additional 24,543 shares during the last quarter. Victory Capital Management Inc. lifted its position in Raytheon by 2.5% during the first quarter. Victory Capital Management Inc. now owns 23,752 shares of the aerospace company’s stock valued at $5,126,000 after purchasing an additional 577 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Raytheon by 14.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,823 shares of the aerospace company’s stock valued at $609,000 after purchasing an additional 353 shares during the period. Pendal Group Ltd lifted its position in Raytheon by 2.4% during the first quarter. Pendal Group Ltd now owns 90,693 shares of the aerospace company’s stock valued at $19,573,000 after purchasing an additional 2,154 shares during the period. Finally, Fiduciary Trust Co. lifted its position in Raytheon by 13.5% during the first quarter. Fiduciary Trust Co. now owns 25,074 shares of the aerospace company’s stock valued at $5,411,000 after purchasing an additional 2,991 shares during the period. Hedge funds and other institutional investors own 73.28% of the company’s stock.

RTN opened at $198.35 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.61. Raytheon has a 1-year low of $179.29 and a 1-year high of $229.75. The company has a market capitalization of $56.35 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 1.51 and a beta of 0.68.

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

In other Raytheon news, VP Taylor W. Lawrence sold 3,299 shares of the stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $199.41, for a total value of $657,853.59. Following the transaction, the vice president now directly owns 44,220 shares in the company, valued at $8,817,910.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by company insiders.

RTN has been the topic of a number of research analyst reports. Credit Suisse Group restated a “neutral” rating and set a $219.00 price objective (down previously from $250.00) on shares of Raytheon in a research report on Tuesday, May 22nd. Zacks Investment Research upgraded shares of Raytheon from a “hold” rating to a “buy” rating and set a $240.00 price objective on the stock in a research report on Tuesday, June 12th. ValuEngine downgraded shares of Raytheon from a “buy” rating to a “hold” rating in a research report on Friday, June 15th. Morgan Stanley lowered their price objective on shares of Raytheon from $239.00 to $228.00 and set an “overweight” rating on the stock in a research report on Thursday, July 12th. Finally, Stifel Nicolaus lowered their price objective on shares of Raytheon from $235.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, July 27th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Raytheon currently has an average rating of “Buy” and an average target price of $224.29.

Raytheon Company Profile

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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