Mutual of America Capital Management LLC boosted its position in Raytheon Company (NYSE:RTN) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,372 shares of the aerospace company’s stock after purchasing an additional 409 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Raytheon were worth $6,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quantitative Systematic Strategies LLC lifted its stake in Raytheon by 44.8% in the 3rd quarter. Quantitative Systematic Strategies LLC now owns 3,875 shares of the aerospace company’s stock worth $723,000 after purchasing an additional 1,199 shares in the last quarter. Canal Capital Management LLC purchased a new stake in Raytheon in the 3rd quarter worth approximately $212,000. First National Bank of Mount Dora Trust Investment Services lifted its stake in Raytheon by 44.8% in the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 17,195 shares of the aerospace company’s stock worth $3,208,000 after purchasing an additional 5,320 shares in the last quarter. Centre Asset Management LLC raised its position in shares of Raytheon by 8.2% during the 3rd quarter. Centre Asset Management LLC now owns 46,650 shares of the aerospace company’s stock valued at $8,704,000 after buying an additional 3,550 shares in the last quarter. Finally, Intl Fcstone Inc. purchased a new stake in shares of Raytheon during the 2nd quarter valued at $310,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

In other Raytheon news, VP Frank R. Jimenez sold 500 shares of Raytheon stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $181.94, for a total value of $90,970.00. Following the completion of the transaction, the vice president now directly owns 29,292 shares of the company’s stock, valued at $5,329,386.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vernon E. Clark sold 829 shares of Raytheon stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $180.19, for a total transaction of $149,377.51. Following the completion of the transaction, the director now directly owns 7,588 shares of the company’s stock, valued at $1,367,281.72. The disclosure for this sale can be found here. Insiders sold 5,770 shares of company stock valued at $1,052,376 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Shares of Raytheon Company (RTN) opened at $184.71 on Friday. Raytheon Company has a 52 week low of $132.91 and a 52 week high of $190.25. The firm has a market cap of $53,397.26, a PE ratio of 24.43, a PEG ratio of 2.51 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.55 and a current ratio of 1.66.

Raytheon (NYSE:RTN) last issued its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. Raytheon had a net margin of 8.77% and a return on equity of 20.98%. The company had revenue of $6.28 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period last year, the company posted $1.79 EPS. Raytheon’s revenue was up 4.5% on a year-over-year basis. sell-side analysts forecast that Raytheon Company will post 7.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Thursday, October 12th will be issued a $0.7975 dividend. The ex-dividend date of this dividend is Wednesday, October 11th. This represents a $3.19 annualized dividend and a yield of 1.73%. Raytheon’s dividend payout ratio (DPR) is presently 42.88%.

RTN has been the topic of several research reports. Buckingham Research raised their price objective on shares of Raytheon from $199.00 to $204.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Robert W. Baird restated a “buy” rating and set a $212.00 price objective on shares of Raytheon in a research report on Tuesday, October 24th. Cowen and Company restated a “buy” rating and set a $203.00 price objective on shares of Raytheon in a research report on Thursday, October 26th. BidaskClub upgraded shares of Raytheon from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Finally, Citigroup Inc. restated a “buy” rating and set a $215.00 price objective (up previously from $192.00) on shares of Raytheon in a research report on Monday, October 9th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Raytheon presently has an average rating of “Buy” and an average target price of $199.24.

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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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