Ffcm LLC grew its holdings in shares of Raytheon Company (NYSE:RTN) by 10.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,671 shares of the aerospace company’s stock after purchasing an additional 927 shares during the quarter. Ffcm LLC’s holdings in Raytheon were worth $1,562,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in RTN. Novare Capital Management LLC increased its holdings in Raytheon by 22.6% in the 1st quarter. Novare Capital Management LLC now owns 41,570 shares of the aerospace company’s stock worth $6,339,000 after acquiring an additional 7,669 shares during the last quarter. Trust Co. of Vermont increased its holdings in Raytheon by 4.8% in the 1st quarter. Trust Co. of Vermont now owns 8,145 shares of the aerospace company’s stock worth $1,242,000 after acquiring an additional 375 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in Raytheon by 18.7% in the 1st quarter. Pictet Asset Management Ltd. now owns 249,992 shares of the aerospace company’s stock worth $38,124,000 after acquiring an additional 39,312 shares during the last quarter. Busey Trust CO increased its holdings in Raytheon by 1.9% in the 1st quarter. Busey Trust CO now owns 49,911 shares of the aerospace company’s stock worth $7,611,000 after acquiring an additional 933 shares during the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. increased its holdings in Raytheon by 2.0% in the 1st quarter. Pineno Levin & Ford Asset Management Inc. now owns 1,887 shares of the aerospace company’s stock worth $288,000 after acquiring an additional 37 shares during the last quarter. 73.75% of the stock is owned by hedge funds and other institutional investors.

Shares of Raytheon Company (RTN) opened at 187.73 on Friday. Raytheon Company has a 12 month low of $132.89 and a 12 month high of $188.31. The stock’s 50 day moving average price is $182.63 and its 200-day moving average price is $167.10. The company has a market cap of $54.49 billion, a P/E ratio of 25.93 and a beta of 0.59.

Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, July 27th. The aerospace company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.24 billion. During the same period in the prior year, the company earned $2.38 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that Raytheon Company will post $7.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Thursday, October 12th will be paid a dividend of $0.7975 per share. This represents a $3.19 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Wednesday, October 11th. Raytheon’s payout ratio is presently 43.94%.

Several equities research analysts recently weighed in on RTN shares. Argus reissued a “buy” rating and issued a $195.00 price objective (up previously from $175.00) on shares of Raytheon in a report on Friday, August 4th. Bank of America Corporation reissued a “buy” rating and issued a $200.00 price objective (up previously from $185.00) on shares of Raytheon in a report on Tuesday, August 1st. BidaskClub lowered Raytheon from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Stifel Nicolaus reissued a “buy” rating and issued a $185.00 price objective (up previously from $175.00) on shares of Raytheon in a report on Sunday, July 30th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $172.00 price objective on shares of Raytheon in a report on Monday, June 26th. Four 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 a consensus rating of “Buy” and a consensus price target of $190.67.

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In other news, Director Robert E. Beauchamp purchased 1,162 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average cost of $171.99 per share, with a total value of $199,852.38. Following the completion of the purchase, the director now owns 4,303 shares in the company, valued at $740,072.97. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Frank R. Jimenez sold 650 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $187.27, for a total value of $121,725.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,770 shares of company stock valued at $1,052,376. 0.19% of the stock is owned by corporate insiders.

Raytheon 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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