Raytheon Company (NYSE:RTN) VP Frank R. Jimenez sold 500 shares of Raytheon stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $181.94, for a total transaction of $90,970.00. Following the completion of the sale, the vice president now owns 29,292 shares of the company’s stock, valued at $5,329,386.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Raytheon Company (RTN) opened at 182.50 on Friday. The stock has a market cap of $52.97 billion, a price-to-earnings ratio of 25.21 and a beta of 0.58. The company has a 50-day moving average of $178.41 and a 200 day moving average of $163.78. Raytheon Company has a one year low of $132.89 and a one year high of $184.17.
Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.15. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The business had revenue of $6.28 billion during the quarter, compared to analysts’ expectations of $6.24 billion. During the same quarter last year, the business posted $2.38 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts forecast that Raytheon Company will post $7.59 earnings per share for the current fiscal year.
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Institutional investors have recently bought and sold shares of the stock. Crestwood Advisors Group LLC purchased a new stake in Raytheon during the 1st quarter worth about $110,000. Oakworth Capital Inc. boosted its stake in Raytheon by 156.1% in the 1st quarter. Oakworth Capital Inc. now owns 730 shares of the aerospace company’s stock worth $111,000 after buying an additional 445 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Raytheon in the 1st quarter worth about $111,000. St. Johns Investment Management Company LLC acquired a new stake in Raytheon in the 2nd quarter worth about $113,000. Finally, Jacobi Capital Management LLC boosted its stake in Raytheon by 271.1% in the 1st quarter. Jacobi Capital Management LLC now owns 757 shares of the aerospace company’s stock worth $114,000 after buying an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 73.82% of the company’s stock.
Several brokerages have commented on RTN. Zacks Investment Research upgraded shares of Raytheon from a “hold” rating to a “buy” rating and set a $204.00 price objective for the company in a research note on Thursday. Vetr cut shares of Raytheon from a “buy” rating to a “hold” rating and set a $187.08 price objective for the company. in a research note on Tuesday, August 15th. BidaskClub upgraded shares of Raytheon from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Stifel Nicolaus restated a “buy” rating and set a $185.00 price objective (up from $175.00) on shares of Raytheon in a research note on Sunday, July 30th. Finally, Argus restated a “buy” rating and set a $195.00 price objective (up from $175.00) on shares of Raytheon in a research note on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $186.07.
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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