MUFG Securities EMEA plc lessened its stake in shares of Raytheon (NYSE:RTN) by 74.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,108 shares of the aerospace company’s stock after selling 71,133 shares during the quarter. MUFG Securities EMEA plc’s holdings in Raytheon were worth $3,697,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. PRW Wealth Management LLC purchased a new stake in shares of Raytheon during the 4th quarter worth approximately $169,000. BOKF NA increased its holdings in shares of Raytheon by 0.4% in the 4th quarter. BOKF NA now owns 35,353 shares of the aerospace company’s stock valued at $5,422,000 after acquiring an additional 142 shares during the period. Thoroughbred Financial Services LLC acquired a new position in shares of Raytheon in the 4th quarter valued at $974,000. Geode Capital Management LLC increased its holdings in shares of Raytheon by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 3,729,683 shares of the aerospace company’s stock valued at $570,952,000 after acquiring an additional 186,460 shares during the period. Finally, Fort L.P. increased its holdings in shares of Raytheon by 91.1% in the 4th quarter. Fort L.P. now owns 8,661 shares of the aerospace company’s stock valued at $1,328,000 after acquiring an additional 4,128 shares during the period. Institutional investors and hedge funds own 74.81% of the company’s stock.

Shares of RTN opened at $177.95 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.37 and a current ratio of 1.46. The firm has a market capitalization of $50.22 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.37 and a beta of 1.00. Raytheon has a 1 year low of $144.27 and a 1 year high of $229.75.

Raytheon (NYSE:RTN) last announced its quarterly earnings data on Thursday, January 31st. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.04. The company had revenue of $7.36 billion for the quarter, compared to analysts’ expectations of $7.50 billion. Raytheon had a net margin of 10.75% and a return on equity of 25.81%. During the same period in the previous year, the company posted $2.03 EPS. As a group, equities research analysts expect that Raytheon will post 11.59 EPS for the current year.

A number of equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Raytheon from a “buy” rating to a “hold” rating in a report on Monday, December 31st. ValuEngine raised shares of Raytheon from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Argus reaffirmed a “buy” rating and issued a $200.00 target price on shares of Raytheon in a report on Friday, February 1st. Barclays cut their target price on shares of Raytheon from $239.00 to $195.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 4th. Finally, Alembic Global Advisors raised shares of Raytheon from a “neutral” rating to an “overweight” rating and set a $214.00 target price on the stock in a report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $217.31.

In other Raytheon news, VP Frank R. Jimenez sold 4,094 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $183.89, for a total value of $752,845.66. Following the transaction, the vice president now directly owns 36,964 shares of the company’s stock, valued at approximately $6,797,309.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michael J. Wood sold 3,501 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $183.86, for a total transaction of $643,693.86. Following the completion of the transaction, the chief accounting officer now directly owns 19,217 shares in the company, valued at $3,533,237.62. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

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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.

Read More: Leveraged Buyout (LBO) Explained

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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