Gyroscope Capital Management Group LLC grew its position in Raytheon (NYSE:RTN) by 8.2% in the first quarter, Holdings Channel reports. The fund owned 1,908 shares of the aerospace company’s stock after buying an additional 144 shares during the quarter. Gyroscope Capital Management Group LLC’s holdings in Raytheon were worth $349,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RTN. Athena Capital Advisors LLC bought a new position in Raytheon in the 4th quarter worth approximately $26,000. Sontag Advisory LLC bought a new position in Raytheon in the 4th quarter worth approximately $26,000. WP Advisors LLC bought a new position in Raytheon in the 1st quarter worth approximately $26,000. Bremer Trust National Association bought a new position in Raytheon in the 4th quarter worth approximately $33,000. Finally, Laurel Wealth Advisors LLC bought a new position in Raytheon in the 4th quarter worth approximately $34,000. Institutional investors own 75.81% of the company’s stock.

In other news, VP Anthony F. O’brien sold 9,656 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $181.06, for a total value of $1,748,315.36. Following the completion of the transaction, the vice president now owns 34,057 shares of the company’s stock, valued at approximately $6,166,360.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Michael J. Wood sold 3,501 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $183.86, for a total transaction of $643,693.86. Following the completion of the transaction, the chief accounting officer now directly owns 19,217 shares of the company’s stock, valued at approximately $3,533,237.62. The disclosure for this sale can be found here. Insiders sold a total of 21,657 shares of company stock valued at $3,940,619 in the last three months. 0.18% of the stock is owned by company insiders.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Raytheon from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Wednesday, April 17th. UBS Group cut shares of Raytheon from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $220.00 to $200.00 in a research report on Wednesday, April 3rd. ValuEngine upgraded shares of Raytheon from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Susquehanna Bancshares assumed coverage on shares of Raytheon in a research report on Thursday, January 10th. They set a “positive” rating and a $187.00 target price for the company. Finally, Argus reiterated a “buy” rating and set a $200.00 target price on shares of Raytheon in a research report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $210.33.

Shares of RTN stock opened at $182.50 on Tuesday. Raytheon has a 12-month low of $144.27 and a 12-month high of $229.75. The firm has a market capitalization of $51.51 billion, a PE ratio of 17.20, a PEG ratio of 1.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.46 and a quick ratio of 1.37.

Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, January 31st. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.04. Raytheon had a net margin of 10.75% and a return on equity of 25.81%. The company had revenue of $7.36 billion during the quarter, compared to analyst estimates of $7.50 billion. During the same quarter in the previous year, the business earned $2.03 EPS. Equities analysts expect that Raytheon will post 11.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Wednesday, April 10th will be issued a $0.9425 dividend. This is a positive change from Raytheon’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $3.77 annualized dividend and a dividend yield of 2.07%. Raytheon’s payout ratio is 35.53%.

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Raytheon Company Profile

Raytheon Company develops integrated products, services, and solutions for defense and other government markets worldwide. It operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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