Jefferies Group LLC restated their buy rating on shares of Raytheon Company (NYSE:RTN) in a research report sent to investors on Tuesday morning. They currently have a $163.00 target price on the stock.
Other research analysts have also issued reports about the company. Vetr lowered Raytheon Company from a strong-buy rating to a buy rating and set a $163.03 target price for the company. in a report on Wednesday, January 18th. Zacks Investment Research upgraded Raytheon Company from a hold rating to a buy rating and set a $164.00 target price for the company in a report on Tuesday, January 17th. Vertical Research started coverage on Raytheon Company in a report on Friday, October 28th. They issued a buy rating and a $154.00 target price for the company. Wells Fargo & Company reiterated a buy rating on shares of Raytheon Company in a report on Monday, November 14th. Finally, Deutsche Bank AG lifted their target price on Raytheon Company from $140.00 to $145.00 and gave the company a hold rating in a report on Friday, October 28th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $156.81.
Raytheon Company (NYSE:RTN) opened at 146.89 on Tuesday. Raytheon Company has a one year low of $119.38 and a one year high of $152.58. The stock has a 50 day moving average price of $145.23 and a 200-day moving average price of $141.74. The stock has a market cap of $43.22 billion, a PE ratio of 19.74 and a beta of 0.67.
Raytheon Company (NYSE:RTN) last released its earnings results on Thursday, January 26th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.86 by $0.02. The company earned $6.20 billion during the quarter, compared to analysts’ expectations of $6.56 billion. Raytheon Company had a net margin of 9.19% and a return on equity of 19.77%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.85 earnings per share. Equities research analysts expect that Raytheon Company will post $7.40 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 2nd. Investors of record on Wednesday, January 4th were given a $0.7325 dividend. This represents a $2.93 annualized dividend and a yield of 1.99%. The ex-dividend date was Friday, December 30th. Raytheon Company’s dividend payout ratio (DPR) is presently 39.38%.
In related news, VP Frank R. Jimenez sold 500 shares of the business’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $142.00, for a total value of $71,000.00. Following the transaction, the vice president now owns 26,158 shares in the company, valued at approximately $3,714,436. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. LS Investment Advisors LLC raised its stake in shares of Raytheon Company by 96.8% in the second quarter. LS Investment Advisors LLC now owns 16,076 shares of the company’s stock worth $2,186,000 after buying an additional 7,906 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Raytheon Company by 6.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 302,010 shares of the company’s stock worth $41,059,000 after buying an additional 18,074 shares in the last quarter. First Midwest Bank Trust Division raised its stake in shares of Raytheon Company by 0.5% in the second quarter. First Midwest Bank Trust Division now owns 4,557 shares of the company’s stock worth $619,000 after buying an additional 21 shares in the last quarter. ING Groep NV raised its stake in shares of Raytheon Company by 52.5% in the second quarter. ING Groep NV now owns 10,476 shares of the company’s stock worth $1,424,000 after buying an additional 3,608 shares in the last quarter. Finally, First National Trust Co. raised its stake in shares of Raytheon Company by 15.8% in the second quarter. First National Trust Co. now owns 5,254 shares of the company’s stock worth $714,000 after buying an additional 717 shares in the last quarter. Hedge funds and other institutional investors own 77.33% of the company’s stock.
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.