Raytheon (NYSE:RTN) VP Wesley D. Kremer sold 8,186 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $185.00, for a total value of $1,514,410.00. Following the transaction, the vice president now directly owns 29,175 shares in the company, valued at approximately $5,397,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE:RTN opened at $177.00 on Thursday. Raytheon has a 12-month low of $144.27 and a 12-month high of $210.89. The company has a market cap of $52.03 billion, a PE ratio of 16.68, a PEG ratio of 1.42 and a beta of 0.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.31.

Raytheon (NYSE:RTN) last issued its quarterly earnings results on Thursday, April 25th. The aerospace company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.32. The business had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.58 billion. Raytheon had a return on equity of 26.27% and a net margin of 11.11%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.20 earnings per share. As a group, sell-side analysts predict that Raytheon will post 11.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be paid a $0.9425 dividend. This represents a $3.77 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, July 9th. Raytheon’s dividend payout ratio (DPR) is currently 35.53%.

Hedge funds have recently modified their holdings of the stock. Alpha Omega Wealth Management LLC bought a new stake in Raytheon during the first quarter worth $25,000. Loomis Sayles & Co. L P bought a new stake in Raytheon during the first quarter worth $25,000. Athena Capital Advisors LLC bought a new stake in Raytheon during the fourth quarter worth $26,000. Sontag Advisory LLC bought a new stake in Raytheon during the fourth quarter worth $26,000. Finally, WP Advisors LLC bought a new stake in Raytheon during the first quarter worth $26,000. Institutional investors and hedge funds own 74.39% of the company’s stock.

A number of equities analysts have weighed in on RTN shares. UBS Group downgraded Raytheon from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $220.00 to $200.00 in a research report on Wednesday, April 3rd. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Wednesday, April 17th. Wolfe Research set a $205.00 price target on Raytheon and gave the stock a “buy” rating in a research report on Friday, April 26th. Jefferies Financial Group boosted their price target on Raytheon from $202.00 to $216.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, ValuEngine raised Raytheon from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Raytheon has an average rating of “Buy” and an average target price of $208.36.

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Raytheon Company Profile

Raytheon Company develops integrated products, services, and solutions for the 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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Insider Buying and Selling by Quarter for Raytheon (NYSE:RTN)

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