Raytheon Company (RTN) Position Cut by Winslow Evans & Crocker Inc.
Winslow Evans & Crocker Inc. lowered its holdings in shares of Raytheon Company (NYSE:RTN) by 30.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 786 shares of the aerospace company’s stock after selling 348 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Raytheon were worth $146,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. St. Johns Investment Management Company LLC purchased a new stake in shares of Raytheon in the 2nd quarter worth $113,000. Jacobi Capital Management LLC lifted its holdings in shares of Raytheon by 271.1% in the 1st quarter. Jacobi Capital Management LLC now owns 757 shares of the aerospace company’s stock worth $114,000 after buying an additional 553 shares during the period. Tarbox Family Office Inc. lifted its holdings in shares of Raytheon by 1,666.7% in the 2nd quarter. Tarbox Family Office Inc. now owns 795 shares of the aerospace company’s stock worth $128,000 after buying an additional 750 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in shares of Raytheon in the 2nd quarter worth $139,000. Finally, CWM LLC lifted its holdings in shares of Raytheon by 7.4% in the 2nd quarter. CWM LLC now owns 916 shares of the aerospace company’s stock worth $148,000 after buying an additional 63 shares during the period. Institutional investors own 74.15% of the company’s stock.
In other Raytheon news, Director Vernon E. Clark sold 829 shares of the business’s 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 sale, the director now owns 7,588 shares in the company, valued at approximately $1,367,281.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Frank R. Jimenez sold 500 shares of the business’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 sale, the vice president now 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 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.
Raytheon Company (NYSE:RTN) opened at $184.71 on Monday. Raytheon Company has a 1 year low of $132.91 and a 1 year high of $190.25. The stock has a market capitalization of $53,397.26, a PE ratio of 24.43, a P/E/G 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 announced its earnings results on Thursday, October 26th. The aerospace company reported $1.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.07. Raytheon had a return on equity of 20.98% and a net margin of 8.77%. The company had revenue of $6.28 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period in the prior year, the company posted $1.79 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. equities analysts predict that Raytheon Company will post 7.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Thursday, October 12th will be given a dividend of $0.7975 per share. This represents a $3.19 annualized dividend and a yield of 1.73%. The ex-dividend date is Wednesday, October 11th. Raytheon’s dividend payout ratio is currently 42.88%.
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Several equities research analysts have weighed in on RTN shares. Zacks Investment Research upgraded Raytheon from a “hold” rating to a “buy” rating and set a $204.00 target price for the company in a report on Thursday, September 14th. ValuEngine raised Raytheon from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Royal Bank Of Canada set a $193.00 price target on Raytheon and gave the stock a “buy” rating in a research report on Monday, August 28th. Citigroup Inc. reissued a “buy” rating and issued a $215.00 price target (up from $192.00) on shares of Raytheon in a research report on Monday, October 9th. Finally, Vetr lowered Raytheon from a “buy” rating to a “hold” rating and set a $187.08 price target for the company. in a research report on Wednesday, August 30th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $199.24.
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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