Global Retirement Partners LLC Sells 157 Shares of Raytheon (RTN)
Global Retirement Partners LLC trimmed its stake in shares of Raytheon (NYSE:RTN) by 33.4% in the first quarter, HoldingsChannel.com reports. The fund owned 313 shares of the aerospace company’s stock after selling 157 shares during the period. Global Retirement Partners LLC’s holdings in Raytheon were worth $57,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Alpha Omega Wealth Management LLC acquired a new stake in shares of Raytheon in the 1st quarter valued at approximately $25,000. Athena Capital Advisors LLC acquired a new stake in shares of Raytheon in the 4th quarter valued at approximately $26,000. Sontag Advisory LLC acquired a new stake in shares of Raytheon in the 4th quarter valued at approximately $26,000. WP Advisors LLC acquired a new stake in shares of Raytheon in the 1st quarter valued at approximately $26,000. Finally, Bremer Trust National Association acquired a new stake in shares of Raytheon in the 4th quarter valued at approximately $33,000. 76.91% of the stock is owned by institutional investors.
In related news, VP Anthony F. O’brien sold 9,656 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $181.06, for a total value of $1,748,315.36. Following the completion of the transaction, the vice president now directly owns 34,057 shares of the company’s stock, valued at approximately $6,166,360.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michael J. Wood sold 543 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $180.72, for a total value of $98,130.96. Following the completion of the transaction, the chief accounting officer now directly owns 15,081 shares of the company’s stock, valued at $2,725,438.32. The disclosure for this sale can be found here. Insiders sold a total of 14,062 shares of company stock valued at $2,544,079 over the last ninety days. 0.18% of the stock is currently owned by company insiders.
NYSE RTN opened at $180.67 on Tuesday. Raytheon has a 1-year low of $144.27 and a 1-year high of $214.76. The company has a market capitalization of $49.81 billion, a P/E ratio of 17.03, a PEG ratio of 1.35 and a beta of 0.96. The company has a quick ratio of 1.31, a current ratio of 1.43 and a debt-to-equity ratio of 0.36.
Raytheon (NYSE:RTN) last released its quarterly earnings data on Thursday, April 25th. The aerospace company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.32. Raytheon had a return on equity of 26.27% and a net margin of 11.11%. The firm had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period last year, the business posted $2.20 EPS. Raytheon’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts expect that Raytheon will post 11.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Wednesday, April 10th were paid a $0.9425 dividend. This is an increase from Raytheon’s previous quarterly dividend of $0.87. This represents a $3.77 annualized dividend and a yield of 2.09%. The ex-dividend date was Tuesday, April 9th. Raytheon’s dividend payout ratio (DPR) is presently 35.53%.
TRADEMARK VIOLATION WARNING: “Global Retirement Partners LLC Sells 157 Shares of Raytheon (RTN)” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.watchlistnews.com/global-retirement-partners-llc-sells-157-shares-of-raytheon-rtn/3017514.html.
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.
Recommended Story: What causes a recession?
Want to see what other hedge funds are holding RTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Raytheon (NYSE:RTN).
Receive News & Ratings for Raytheon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon and related companies with MarketBeat.com's FREE daily email newsletter.