Winslow Capital Management LLC boosted its stake in shares of Raytheon Company (NYSE:RTN) by 35.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,410,084 shares of the company’s stock after buying an additional 630,480 shares during the period. Raytheon Company comprises 1.4% of Winslow Capital Management LLC’s holdings, making the stock its 26th largest position. Winslow Capital Management LLC owned 0.82% of Raytheon Company worth $328,085,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in RTN. FMR LLC increased its stake in Raytheon Company by 8.5% in the second quarter. FMR LLC now owns 7,148,691 shares of the company’s stock valued at $971,865,000 after buying an additional 559,138 shares during the period. Janus Capital Management LLC increased its stake in Raytheon Company by 21.7% in the second quarter. Janus Capital Management LLC now owns 1,624,432 shares of the company’s stock valued at $220,841,000 after buying an additional 289,371 shares during the period. Alliancebernstein L.P. increased its stake in Raytheon Company by 23.7% in the second quarter. Alliancebernstein L.P. now owns 1,464,178 shares of the company’s stock valued at $199,055,000 after buying an additional 280,719 shares during the period. Bank of Montreal Can increased its stake in Raytheon Company by 90.4% in the third quarter. Bank of Montreal Can now owns 554,648 shares of the company’s stock valued at $75,506,000 after buying an additional 263,296 shares during the period. Finally, Capital World Investors increased its stake in Raytheon Company by 15.4% in the second quarter. Capital World Investors now owns 1,788,000 shares of the company’s stock valued at $243,079,000 after buying an additional 238,000 shares during the period. Institutional investors and hedge funds own 77.02% of the company’s stock.
Shares of Raytheon Company (NYSE:RTN) opened at 145.88 on Friday. The company has a market cap of $42.84 billion, a price-to-earnings ratio of 19.48 and a beta of 0.64. The company’s 50 day moving average price is $144.96 and its 200 day moving average price is $141.49. Raytheon Company has a 12 month low of $119.38 and a 12 month high of $152.58.
Raytheon Company (NYSE:RTN) last posted its quarterly earnings data on Thursday, January 26th. The company reported $1.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.86 by $0.02. Raytheon Company had a return on equity of 19.63% and a net margin of 9.19%. The company had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.56 billion. During the same quarter in the previous year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities analysts expect that Raytheon Company will post $7.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 2nd. Investors of record on Wednesday, January 4th will be given a dividend of $0.7325 per share. The ex-dividend date of this dividend is Friday, December 30th. This represents a $2.93 dividend on an annualized basis and a yield of 2.01%. Raytheon Company’s dividend payout ratio is presently 39.38%.
A number of research firms have recently weighed in on RTN. Vetr downgraded Raytheon Company from a “strong-buy” rating to a “buy” rating and set a $163.03 target price for the company. in a research report on Wednesday, January 18th. Zacks Investment Research downgraded Raytheon Company from a “hold” rating to a “sell” rating in a research report on Monday, October 17th. Wells Fargo & Company reiterated a “buy” rating on shares of Raytheon Company in a research report on Monday, November 14th. Robert W. Baird reiterated an “outperform” rating and set a $170.00 target price on shares of Raytheon Company in a research report on Friday, January 20th. Finally, Deutsche Bank AG upped their target price on Raytheon Company from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Friday, October 28th. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Raytheon Company presently has an average rating of “Buy” and a consensus price target of $156.37.
Raytheon Company Company Profile
Raytheon Company (Raytheon), together with its subsidiaries, is a technology company. The Company develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity.
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