Diversified Trust Co boosted its stake in Raytheon (NYSE:RTN) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,433 shares of the aerospace company’s stock after purchasing an additional 554 shares during the quarter. Diversified Trust Co’s holdings in Raytheon were worth $2,439,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RTN. Sound Income Strategies LLC raised its stake in Raytheon by 95.3% during the third quarter. Sound Income Strategies LLC now owns 166 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 81 shares in the last quarter. Weaver Consulting Group acquired a new position in Raytheon during the first quarter worth about $36,000. Berman Capital Advisors LLC raised its stake in Raytheon by 74.6% during the second quarter. Berman Capital Advisors LLC now owns 220 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 94 shares in the last quarter. LLBH Private Wealth Management LLC acquired a new position in Raytheon during the second quarter worth about $43,000. Finally, Meridian Wealth Management LLC acquired a new position in Raytheon during the first quarter worth about $46,000. 72.96% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:RTN traded up $0.59 during midday trading on Wednesday, hitting $192.81. 4,324 shares of the stock were exchanged, compared to its average volume of 1,919,924. The business’s 50-day moving average price is $190.96 and its 200 day moving average price is $182.74. Raytheon has a 12 month low of $144.27 and a 12 month high of $206.81. The stock has a market capitalization of $54.15 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 1.55 and a beta of 0.87. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.35 and a current ratio of 1.46.

Raytheon (NYSE:RTN) last issued its quarterly earnings results on Thursday, July 25th. The aerospace company reported $2.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.61 by $0.31. Raytheon had a return on equity of 26.34% and a net margin of 10.96%. The firm had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same period in the previous year, the firm earned $2.45 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts expect that Raytheon will post 11.73 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Wednesday, October 9th will be paid a $0.9425 dividend. This represents a $3.77 annualized dividend and a yield of 1.96%. The ex-dividend date is Tuesday, October 8th. Raytheon’s dividend payout ratio (DPR) is presently 35.53%.

In other news, VP Frank R. Jimenez sold 1,054 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $180.00, for a total transaction of $189,720.00. Following the transaction, the vice president now directly owns 25,863 shares of the company’s stock, valued at $4,655,340. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Randa G. Newsome sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $185.01, for a total value of $1,850,100.00. Following the transaction, the vice president now directly owns 20,396 shares in the company, valued at $3,773,463.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,469 shares of company stock worth $3,114,720. Insiders own 0.18% of the company’s stock.

Several brokerages have commented on RTN. UBS Group boosted their target price on Raytheon from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. Credit Suisse Group raised Raytheon from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $188.00 to $230.00 in a research note on Thursday, October 3rd. Bank of America reissued a “buy” rating and set a $265.00 target price (up previously from $224.00) on shares of Raytheon in a research note on Friday, July 26th. Buckingham Research downgraded Raytheon from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $265.00 to $195.00 in a research note on Monday, June 24th. Finally, ValuEngine raised Raytheon from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $213.00.

Raytheon 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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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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