Raytheon Company (RTN) Shares Bought by Boulegeris Investments Inc.
Boulegeris Investments Inc. lifted its position in Raytheon Company (NYSE:RTN) by 32.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,550 shares of the aerospace company’s stock after acquiring an additional 2,835 shares during the period. Raytheon accounts for 1.2% of Boulegeris Investments Inc.’s holdings, making the stock its 19th largest position. Boulegeris Investments Inc.’s holdings in Raytheon were worth $2,155,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of RTN. St. Johns Investment Management Company LLC acquired a new stake in shares of Raytheon in the second quarter worth approximately $113,000. Jacobi Capital Management LLC boosted its stake in shares of Raytheon by 271.1% in the first quarter. Jacobi Capital Management LLC now owns 757 shares of the aerospace company’s stock worth $114,000 after acquiring an additional 553 shares during the last quarter. Tarbox Family Office Inc. boosted its stake in shares of Raytheon by 1,666.7% in the second quarter. Tarbox Family Office Inc. now owns 795 shares of the aerospace company’s stock worth $128,000 after acquiring an additional 750 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of Raytheon in the second quarter worth approximately $139,000. Finally, CWM LLC boosted its stake in shares of Raytheon by 7.4% in the second quarter. CWM LLC now owns 916 shares of the aerospace company’s stock worth $148,000 after acquiring an additional 63 shares during the last quarter. 74.24% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently commented on RTN. Vetr upgraded Raytheon from a “hold” rating to a “buy” rating and set a $178.87 price objective on the stock in a research report on Monday, July 17th. Sanford C. Bernstein reiterated an “outperform” rating and set a $183.00 price objective (up previously from $180.00) on shares of Raytheon in a research report on Sunday, July 30th. Stifel Nicolaus reiterated a “buy” rating and set a $185.00 price objective (up previously from $175.00) on shares of Raytheon in a research report on Sunday, July 30th. BidaskClub downgraded Raytheon from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Bank of America Corporation reiterated a “buy” rating and set a $200.00 price objective (up previously from $185.00) on shares of Raytheon in a research report on Tuesday, August 1st. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $199.24.
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In related news, VP Frank R. Jimenez sold 650 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $187.27, for a total value of $121,725.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Taylor W. Lawrence sold 3,791 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $182.09, for a total value of $690,303.19. The disclosure for this sale can be found here. Insiders sold a total of 4,941 shares of company stock worth $902,999 in the last quarter. Company insiders own 0.19% of the company’s stock.
Shares of Raytheon Company (RTN) opened at $184.46 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $53,426.17, a price-to-earnings ratio of 24.45, a P/E/G ratio of 2.51 and a beta of 0.57. Raytheon Company has a 1-year low of $137.70 and a 1-year high of $190.25.
Raytheon (NYSE:RTN) last posted its quarterly earnings data 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. The firm had revenue of $6.28 billion for the quarter, compared to the consensus estimate of $6.33 billion. Raytheon had a return on equity of 20.98% and a net margin of 8.77%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.79 EPS. research analysts forecast that Raytheon Company will post 7.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Thursday, October 12th were issued a $0.7975 dividend. The ex-dividend date of this dividend was Wednesday, October 11th. This represents a $3.19 annualized dividend and a dividend yield of 1.73%. Raytheon’s dividend payout ratio is presently 42.88%.
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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