Raytheon Company (RTN) Position Held by Montag A & Associates Inc.
Montag A & Associates Inc. held its stake in shares of Raytheon Company (NYSE:RTN) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,542 shares of the aerospace company’s stock at the end of the second quarter. Montag A & Associates Inc.’s holdings in Raytheon were worth $410,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in RTN. Boston Private Wealth LLC grew its stake in Raytheon by 0.3% during the 2nd quarter. Boston Private Wealth LLC now owns 154,377 shares of the aerospace company’s stock valued at $24,929,000 after purchasing an additional 423 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in Raytheon by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 447,437 shares of the aerospace company’s stock valued at $72,252,000 after purchasing an additional 1,502 shares during the last quarter. Boston Family Office LLC grew its stake in Raytheon by 14.6% during the 2nd quarter. Boston Family Office LLC now owns 21,436 shares of the aerospace company’s stock valued at $3,461,000 after purchasing an additional 2,725 shares during the last quarter. Adell Harriman & Carpenter Inc. purchased a new stake in Raytheon during the 2nd quarter valued at about $1,009,000. Finally, Annex Advisory Services LLC grew its stake in Raytheon by 7.8% during the 2nd quarter. Annex Advisory Services LLC now owns 5,118 shares of the aerospace company’s stock valued at $827,000 after purchasing an additional 371 shares during the last quarter. 73.75% of the stock is currently owned by institutional investors.
Raytheon Company (NYSE:RTN) opened at 184.69 on Friday. The stock has a market cap of $53.61 billion, a P/E ratio of 25.51 and a beta of 0.58. The firm’s 50-day moving average price is $179.06 and its 200-day moving average price is $164.34. Raytheon Company has a 12 month low of $132.89 and a 12 month high of $186.41.
Raytheon (NYSE:RTN) last announced its quarterly earnings data on Thursday, July 27th. The aerospace company reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.15. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The company had revenue of $6.28 billion for the quarter, compared to analyst estimates of $6.24 billion. During the same quarter in the previous year, the company earned $2.38 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts predict that Raytheon Company will post $7.59 earnings per share for the current year.
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In other news, VP Frank R. Jimenez sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $181.94, for a total transaction of $90,970.00. Following the sale, the vice president now owns 29,292 shares of the company’s stock, valued at approximately $5,329,386.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert E. Beauchamp purchased 1,162 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average cost of $171.99 per share, for a total transaction of $199,852.38. Following the purchase, the director now directly owns 4,303 shares in the company, valued at $740,072.97. The disclosure for this purchase can be found here. Insiders have sold a total of 5,120 shares of company stock worth $930,651 in the last three months. Corporate insiders own 0.19% of the company’s stock.
RTN has been the topic of several research analyst reports. Zacks Investment Research downgraded Raytheon from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Vetr upgraded Raytheon from a “hold” rating to a “buy” rating and set a $170.66 price target on the stock in a research note on Thursday, June 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $181.00 price target on shares of Raytheon in a research note on Friday, June 2nd. BidaskClub upgraded Raytheon from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $172.00 price target on shares of Raytheon in a research note on Monday, June 26th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $186.14.
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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