Campbell Newman Asset Management Inc. decreased its stake in Raytheon Company (NYSE:RTN) by 0.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,841 shares of the aerospace company’s stock after selling 898 shares during the quarter. Raytheon makes up 2.8% of Campbell Newman Asset Management Inc.’s holdings, making the stock its 12th largest position. Campbell Newman Asset Management Inc.’s holdings in Raytheon were worth $15,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of RTN. BlackRock Inc. boosted its stake in shares of Raytheon by 2,166.0% in the first quarter. BlackRock Inc. now owns 19,407,819 shares of the aerospace company’s stock worth $2,959,694,000 after buying an additional 18,551,353 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Raytheon by 4.7% in the first quarter. Vanguard Group Inc. now owns 21,910,520 shares of the aerospace company’s stock worth $3,341,355,000 after buying an additional 989,986 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Raytheon by 66.5% in the first quarter. Renaissance Technologies LLC now owns 1,289,200 shares of the aerospace company’s stock worth $196,603,000 after buying an additional 514,800 shares during the last quarter. Independence Advisors LLC purchased a new stake in shares of Raytheon in the second quarter worth about $28,551,000. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Raytheon in the first quarter worth about $58,030,000. Hedge funds and other institutional investors own 73.75% of the company’s stock.

Raytheon Company (NYSE RTN) opened at 187.55 on Thursday. The firm has a market cap of $54.44 billion, a PE ratio of 25.90 and a beta of 0.59. Raytheon Company has a one year low of $132.89 and a one year high of $188.31. The firm’s 50 day moving average price is $182.07 and its 200-day moving average price is $166.73.

Raytheon (NYSE:RTN) last announced its quarterly earnings data on Thursday, July 27th. The aerospace company reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.15. The company had revenue of $6.28 billion for the quarter, compared to analyst estimates of $6.24 billion. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.38 EPS. Equities analysts predict that Raytheon Company will post $7.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Thursday, October 12th will be paid a dividend of $0.7975 per share. This represents a $3.19 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, October 11th. Raytheon’s dividend payout ratio (DPR) is 43.94%.

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In other news, Director Robert E. Beauchamp purchased 1,162 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average price of $171.99 per share, with a total value of $199,852.38. Following the purchase, the director now directly owns 4,303 shares of the company’s stock, valued at $740,072.97. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Frank R. Jimenez sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $181.94, for a total value of $90,970.00. Following the sale, the vice president now directly owns 29,292 shares in the company, valued at approximately $5,329,386.48. The disclosure for this sale can be found here. Insiders have sold a total of 5,770 shares of company stock worth $1,052,376 in the last three months. Corporate insiders own 0.19% of the company’s stock.

A number of analysts have recently commented on RTN shares. Robert W. Baird restated an “outperform” rating and issued a $212.00 target price (up previously from $170.00) on shares of Raytheon in a research note on Thursday, August 10th. Vetr downgraded Raytheon from a “buy” rating to a “hold” rating and set a $187.08 target price on the stock. in a research note on Wednesday, August 30th. Zacks Investment Research downgraded Raytheon from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. BidaskClub downgraded Raytheon from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Buckingham Research upped their target price on Raytheon from $190.00 to $199.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $190.67.

Raytheon Company Profile

Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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