Thompson Siegel & Walmsley LLC Has $1.03 Million Stake in Raytheon Company (RTN)
Thompson Siegel & Walmsley LLC grew its holdings in shares of Raytheon Company (NYSE:RTN) by 9.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,349 shares of the aerospace company’s stock after buying an additional 551 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Raytheon were worth $1,025,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Raytheon by 4.7% during the first quarter. Vanguard Group Inc. now owns 21,910,520 shares of the aerospace company’s stock valued at $3,341,355,000 after buying an additional 989,986 shares during the last quarter. BlackRock Inc. lifted its position in shares of Raytheon by 2,166.0% during the first quarter. BlackRock Inc. now owns 19,407,819 shares of the aerospace company’s stock valued at $2,959,694,000 after purchasing an additional 18,551,353 shares in the last quarter. State Street Corp lifted its position in shares of Raytheon by 2.6% during the first quarter. State Street Corp now owns 12,585,731 shares of the aerospace company’s stock valued at $1,919,348,000 after purchasing an additional 313,435 shares in the last quarter. Morgan Stanley lifted its position in shares of Raytheon by 7.2% during the first quarter. Morgan Stanley now owns 4,491,454 shares of the aerospace company’s stock valued at $684,945,000 after purchasing an additional 302,274 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Raytheon by 0.7% during the first quarter. Clearbridge Investments LLC now owns 3,527,842 shares of the aerospace company’s stock valued at $537,996,000 after purchasing an additional 23,172 shares in the last quarter. Hedge funds and other institutional investors own 73.75% of the company’s stock.
In related news, Director Robert E. Beauchamp bought 1,162 shares of the stock in a transaction on Monday, July 31st. The shares were acquired at an average price of $171.99 per share, for a total transaction of $199,852.38. Following the purchase, the director now owns 4,303 shares of the company’s stock, valued at $740,072.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Frank R. Jimenez sold 650 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $187.27, for a total transaction of $121,725.50. 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 in the last 90 days. Company insiders own 0.19% of the company’s stock.
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Shares of Raytheon Company (NYSE RTN) opened at 187.55 on Thursday. The company has a market cap of $54.44 billion, a price-to-earnings ratio of 25.90 and a beta of 0.59. The firm has a 50-day moving average of $182.07 and a 200 day moving average of $166.73. Raytheon Company has a 12 month low of $132.89 and a 12 month high of $188.31.
Raytheon (NYSE:RTN) last posted its earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.15. The business had revenue of $6.28 billion for the quarter, compared to analysts’ expectations of $6.24 billion. Raytheon had a net margin of 8.68% and a return on equity of 20.74%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.38 EPS. On average, analysts expect that Raytheon Company will post $7.59 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Thursday, October 12th will be paid a dividend of $0.7975 per share. This represents a $3.19 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, October 11th. Raytheon’s dividend payout ratio is currently 43.94%.
A number of research firms recently weighed in on RTN. ValuEngine lowered shares of Raytheon from a “buy” rating to a “hold” rating in a research report on Monday. BidaskClub raised shares of Raytheon from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Buckingham Research raised their price target on shares of Raytheon from $190.00 to $199.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Morgan Stanley began coverage on shares of Raytheon in a research report on Tuesday, August 8th. They set an “equal weight” rating and a $188.00 price target on the stock. Finally, Argus reissued a “buy” rating and set a $195.00 price target (up from $175.00) on shares of Raytheon in a research report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $190.67.
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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