Raytheon Company (RTN) Holdings Maintained by Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.
Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. continued to hold its position in Raytheon Company (NYSE:RTN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,100 shares of the aerospace company’s stock at the end of the second quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.’s holdings in Raytheon were worth $501,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in RTN. BlackRock Inc. raised its position 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 valued at $2,959,694,000 after purchasing an additional 18,551,353 shares during the period. Vanguard Group Inc. raised its position 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 valued at $3,341,355,000 after purchasing an additional 989,986 shares during the period. Alliancebernstein L.P. raised its position 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 valued at $376,037,000 after purchasing an additional 827,931 shares during the period. Renaissance Technologies LLC raised its position 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 valued at $196,603,000 after purchasing an additional 514,800 shares during the period. Finally, Independence Advisors LLC bought a new stake in shares of Raytheon in the second quarter valued at approximately $28,551,000. 73.74% of the stock is currently owned by institutional investors and hedge funds.
Raytheon Company (RTN) opened at 187.89 on Friday. The firm has a 50-day moving average of $184.25 and a 200 day moving average of $168.48. Raytheon Company has a one year low of $132.89 and a one year high of $189.64. The company has a market capitalization of $54.53 billion, a price-to-earnings ratio of 25.95 and a beta of 0.59.
Raytheon (NYSE:RTN) last announced its earnings results on Thursday, July 27th. The aerospace company reported $1.89 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.15. Raytheon had a net margin of 8.68% and a return on equity of 20.74%. The business had revenue of $6.28 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the previous year, the company posted $2.38 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that Raytheon Company will post $7.59 earnings per share for the current fiscal year.
The business also recently declared 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. This represents a $3.19 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, October 11th. Raytheon’s payout ratio is presently 43.94%.
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In other news, Director Robert E. Beauchamp bought 1,162 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average cost of $171.99 per share, for a total transaction of $199,852.38. Following the acquisition, the director now directly owns 4,303 shares of the company’s stock, valued at approximately $740,072.97. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Frank R. Jimenez sold 500 shares of the firm’s 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 transaction, the vice president now owns 29,292 shares of the company’s stock, valued at $5,329,386.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,770 shares of company stock valued at $1,052,376. Corporate insiders own 0.19% of the company’s stock.
RTN has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Raytheon from a “hold” rating to a “buy” rating and set a $204.00 price target for the company in a research note on Thursday, September 14th. ValuEngine raised shares of Raytheon from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Royal Bank Of Canada set a $193.00 price target on shares of Raytheon and gave the stock a “buy” rating in a research note on Monday, August 28th. Vetr cut shares of Raytheon from a “buy” rating to a “hold” rating and set a $187.08 price target for the company. in a research note on Wednesday, August 30th. Finally, BidaskClub raised shares of Raytheon from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $193.19.
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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