Raytheon Company (NYSE:RTN) Director Vernon E. Clark sold 829 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $180.19, for a total transaction of $149,377.51. Following the completion of the sale, the director now directly owns 7,588 shares of the company’s stock, valued at approximately $1,367,281.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Raytheon Company (NYSE RTN) traded down 1.18% on Tuesday, hitting $178.22. 1,664,995 shares of the stock traded hands. The stock has a 50-day moving average price of $169.11 and a 200 day moving average price of $158.93. Raytheon Company has a 1-year low of $132.89 and a 1-year high of $181.05. The company has a market cap of $51.73 billion, a price-to-earnings ratio of 24.62 and a beta of 0.59.

Raytheon (NYSE:RTN) last released its quarterly earnings data on Thursday, July 27th. The aerospace company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.15. The company had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.24 billion. Raytheon had a net margin of 8.68% and a return on equity of 20.74%. Raytheon’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 business posted $2.38 EPS. On average, analysts anticipate that Raytheon Company will post $7.59 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 3rd. Stockholders of record on Wednesday, July 5th were paid a $0.7975 dividend. The ex-dividend date was Friday, June 30th. This represents a $3.19 annualized dividend and a dividend yield of 1.79%. Raytheon’s dividend payout ratio is currently 43.94%.

TRADEMARK VIOLATION NOTICE: “Raytheon Company (RTN) Director Vernon E. Clark Sells 829 Shares” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/raytheon-company-rtn-director-vernon-e-clark-sells-829-shares/1492339.html.

Several equities research analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of Raytheon from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Vetr downgraded shares of Raytheon from a “buy” rating to a “hold” rating and set a $187.08 target price for the company. in a research note on Tuesday. BidaskClub raised shares of Raytheon from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Argus reaffirmed a “buy” rating and issued a $195.00 target price (up previously from $175.00) on shares of Raytheon in a research note on Friday, August 4th. Finally, Zacks Investment Research raised shares of Raytheon from a “hold” rating to a “buy” rating and set a $183.00 target price for the company in a research note on Tuesday, May 30th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $183.01.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised 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 period. Janus Henderson Group PLC raised its stake in shares of Raytheon by 13,784.9% in the second quarter. Janus Henderson Group PLC now owns 1,494,150 shares of the aerospace company’s stock worth $241,276,000 after buying an additional 1,483,389 shares during the period. Vanguard Group Inc. raised 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 period. Alliancebernstein L.P. raised its stake in shares of Raytheon by 55.2% in the second quarter. Alliancebernstein L.P. now owns 2,328,691 shares of the aerospace company’s stock worth $376,037,000 after buying an additional 827,931 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Raytheon by 42.7% in the second quarter. UBS Asset Management Americas Inc. now owns 1,826,164 shares of the aerospace company’s stock worth $294,889,000 after buying an additional 546,398 shares during the period. Institutional investors own 74.72% of the company’s stock.

About Raytheon

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.

Insider Buying and Selling by Quarter for Raytheon (NYSE:RTN)

Receive News & Ratings for Raytheon Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon Company and related companies with Analyst Ratings Network's FREE daily email newsletter.