Union Bankshares Corp decreased its position in Raytheon (NYSE:RTN) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,880 shares of the aerospace company’s stock after selling 141 shares during the quarter. Union Bankshares Corp’s holdings in Raytheon were worth $2,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Legacy Capital Partners Inc. grew its holdings in shares of Raytheon by 1.6% in the 4th quarter. Legacy Capital Partners Inc. now owns 8,504 shares of the aerospace company’s stock valued at $1,304,000 after acquiring an additional 135 shares in the last quarter. Moody National Bank Trust Division grew its holdings in shares of Raytheon by 47.0% in the 4th quarter. Moody National Bank Trust Division now owns 676 shares of the aerospace company’s stock valued at $104,000 after acquiring an additional 216 shares in the last quarter. Addison Capital Co grew its holdings in shares of Raytheon by 16.1% in the 3rd quarter. Addison Capital Co now owns 1,799 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 250 shares in the last quarter. Patten Group Inc. grew its holdings in shares of Raytheon by 2.3% in the 3rd quarter. Patten Group Inc. now owns 12,492 shares of the aerospace company’s stock valued at $2,582,000 after acquiring an additional 282 shares in the last quarter. Finally, Argus Investors Counsel Inc. grew its holdings in shares of Raytheon by 18.3% in the 3rd quarter. Argus Investors Counsel Inc. now owns 1,827 shares of the aerospace company’s stock valued at $378,000 after acquiring an additional 283 shares in the last quarter. 73.24% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the company. ValuEngine cut Raytheon from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research cut Raytheon from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Susquehanna Bancshares began coverage on Raytheon in a report on Thursday. They set a “positive” rating and a $187.00 price target for the company. Wells Fargo & Co reduced their price target on Raytheon from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Finally, Morgan Stanley reduced their price target on Raytheon from $228.00 to $221.00 and set an “overweight” rating for the company in a report on Wednesday, November 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. Raytheon currently has a consensus rating of “Buy” and a consensus target price of $225.38.

Raytheon stock traded down $0.40 during midday trading on Monday, reaching $158.77. 84,253 shares of the company’s stock were exchanged, compared to its average volume of 1,801,113. Raytheon has a 52 week low of $144.27 and a 52 week high of $229.75. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.49. The stock has a market capitalization of $44.94 billion, a P/E ratio of 20.84, a PEG ratio of 0.96 and a beta of 0.90.

Raytheon (NYSE:RTN) last posted its quarterly earnings results on Thursday, October 25th. The aerospace company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.28. Raytheon had a return on equity of 24.43% and a net margin of 9.33%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.67 billion. During the same quarter last year, the company posted $1.97 earnings per share. Research analysts forecast that Raytheon will post 10.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $0.8675 per share. This represents a $3.47 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, December 31st. Raytheon’s dividend payout ratio is presently 45.54%.

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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.

Further Reading: Outstanding Shares and The Effect on Share Price

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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