Raytheon (NYSE:RTN) Shares Bought by Stephens Inc. AR

Stephens Inc. AR boosted its stake in shares of Raytheon (NYSE:RTN) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,809 shares of the aerospace company’s stock after acquiring an additional 153 shares during the quarter. Stephens Inc. AR’s holdings in Raytheon were worth $5,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of RTN. Alpha Omega Wealth Management LLC acquired a new stake in shares of Raytheon in the 1st quarter valued at approximately $25,000. Farmers National Bank acquired a new stake in shares of Raytheon in the 1st quarter valued at approximately $27,000. Semmax Financial Advisors Inc. lifted its holdings in shares of Raytheon by 148.6% in the 1st quarter. Semmax Financial Advisors Inc. now owns 174 shares of the aerospace company’s stock valued at $32,000 after buying an additional 104 shares during the period. Destination Wealth Management lifted its holdings in shares of Raytheon by 670.8% in the 1st quarter. Destination Wealth Management now owns 185 shares of the aerospace company’s stock valued at $34,000 after buying an additional 161 shares during the period. Finally, Weaver Consulting Group acquired a new stake in shares of Raytheon in the 1st quarter valued at approximately $36,000. 74.71% of the stock is owned by institutional investors.

RTN stock traded down $0.09 during midday trading on Friday, hitting $178.52. 35,024 shares of the stock were exchanged, compared to its average volume of 1,890,485. The stock’s 50-day moving average price is $179.94 and its 200-day moving average price is $180.12. The stock has a market cap of $51.14 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.47 and a beta of 0.86. Raytheon has a fifty-two week low of $144.27 and a fifty-two week high of $210.89. 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 data on Thursday, July 25th. The aerospace company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.31. The firm had revenue of $7.16 billion during the quarter, compared to analysts’ expectations of $7.02 billion. Raytheon had a return on equity of 26.34% and a net margin of 10.96%. Raytheon’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.45 earnings per share. Research analysts anticipate that Raytheon will post 11.71 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were issued a dividend of $0.9425 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $3.77 annualized dividend and a yield of 2.11%. Raytheon’s dividend payout ratio is presently 35.53%.

Several research firms have recently commented on RTN. Jefferies Financial Group raised their price target on Raytheon from $202.00 to $216.00 and gave the company a “buy” rating in a report on Monday, May 6th. Stifel Nicolaus raised their price target on Raytheon from $205.00 to $218.00 and gave the company a “buy” rating in a report on Monday, June 10th. ValuEngine cut Raytheon from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Zacks Investment Research cut Raytheon from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Finally, Bank of America reissued a “buy” rating and issued a $265.00 price target (up from $224.00) on shares of Raytheon in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $209.80.

In other Raytheon news, VP Randa G. Newsome sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $185.01, for a total transaction of $1,850,100.00. Following the completion of the transaction, the vice president now owns 20,396 shares of the company’s stock, valued at $3,773,463.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Wesley D. Kremer sold 8,186 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $5,397,375. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

About Raytheon

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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