Edgestream Partners L.P. Grows Stake in Raytheon Company (RTN)

Edgestream Partners L.P. grew its holdings in shares of Raytheon Company (NYSE:RTN) by 15.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,420 shares of the aerospace company’s stock after purchasing an additional 1,389 shares during the quarter. Edgestream Partners L.P.’s holdings in Raytheon were worth $1,683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of Raytheon by 1.8% during the 2nd quarter. Franklin Resources Inc. now owns 2,611,461 shares of the aerospace company’s stock valued at $421,682,000 after purchasing an additional 46,444 shares during the last quarter. Tredje AP fonden increased its position in shares of Raytheon by 36.9% during the 2nd quarter. Tredje AP fonden now owns 42,073 shares of the aerospace company’s stock valued at $6,828,000 after purchasing an additional 11,340 shares during the last quarter. WESPAC Advisors LLC increased its position in shares of Raytheon by 42.9% during the 2nd quarter. WESPAC Advisors LLC now owns 3,325 shares of the aerospace company’s stock valued at $537,000 after purchasing an additional 998 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of Raytheon by 2.4% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 2,231 shares of the aerospace company’s stock valued at $360,000 after purchasing an additional 53 shares during the last quarter. Finally, Polaris Greystone Financial Group LLC increased its position in shares of Raytheon by 23.3% during the 2nd quarter. Polaris Greystone Financial Group LLC now owns 122,520 shares of the aerospace company’s stock valued at $19,784,000 after purchasing an additional 23,120 shares during the last quarter. 73.74% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on RTN shares. BidaskClub raised shares of Raytheon from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Buckingham Research upped 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. Jefferies Group LLC reaffirmed a “buy” rating and set a $172.00 price target on shares of Raytheon in a research report on Monday, June 26th. Royal Bank Of Canada set a $193.00 price target on shares of Raytheon and gave the company a “buy” rating in a research report on Monday, August 28th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $212.00 price target (up previously from $170.00) on shares of Raytheon in a research report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Raytheon presently has a consensus rating of “Buy” and an average price target of $190.67.

COPYRIGHT VIOLATION NOTICE: “Edgestream Partners L.P. Grows Stake in Raytheon Company (RTN)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/09/edgestream-partners-l-p-grows-stake-in-raytheon-company-rtn.html.

Shares of Raytheon Company (NYSE RTN) opened at 187.73 on Monday. The stock has a market capitalization of $54.49 billion, a price-to-earnings ratio of 25.93 and a beta of 0.59. Raytheon Company has a 12-month low of $132.89 and a 12-month high of $188.31. The company has a 50-day moving average of $182.63 and a 200 day moving average of $167.10.

Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.15. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The company had revenue of $6.28 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the previous year, the company posted $2.38 earnings per share. Raytheon’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts predict that Raytheon Company will post $7.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Thursday, October 12th will be issued a $0.7975 dividend. This represents a $3.19 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Wednesday, October 11th. Raytheon’s payout ratio is presently 43.94%.

In related news, Director Robert E. Beauchamp purchased 1,162 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $171.99 per share, with a total value of $199,852.38. Following the completion of the acquisition, the director now owns 4,303 shares of the company’s stock, valued at approximately $740,072.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Frank R. Jimenez sold 65

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of Raytheon by 1.8% during the 2nd quarter. Franklin Resources Inc. now owns 2,611,461 shares of the aerospace company’s stock valued at $421,682,000 after purchasing an additional 46,444 shares during the last quarter. Tredje AP fonden increased its position in shares of Raytheon by 36.9% during the 2nd quarter. Tredje AP fonden now owns 42,073 shares of the aerospace company’s stock valued at $6,828,000 after purchasing an additional 11,340 shares during the last quarter. WESPAC Advisors LLC increased its position in shares of Raytheon by 42.9% during the 2nd quarter. WESPAC Advisors LLC now owns 3,325 shares of the aerospace company’s stock valued at $537,000 after purchasing an additional 998 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of Raytheon by 2.4% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 2,231 shares of the aerospace company’s stock valued at $360,000 after purchasing an additional 53 shares during the last quarter. Finally, Polaris Greystone Financial Group LLC increased its position in shares of Raytheon by 23.3% during the 2nd quarter. Polaris Greystone Financial Group LLC now owns 122,520 shares of the aerospace company’s stock valued at $19,784,000 after purchasing an additional 23,120 shares during the last quarter. 73.74% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on RTN shares. BidaskClub raised shares of Raytheon from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Buckingham Research upped 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. Jefferies Group LLC reaffirmed a “buy” rating and set a $172.00 price target on shares of Raytheon in a research report on Monday, June 26th. Royal Bank Of Canada set a $193.00 price target on shares of Raytheon and gave the company a “buy” rating in a research report on Monday, August 28th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $212.00 price target (up previously from $170.00) on shares of Raytheon in a research report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Raytheon presently has a consensus rating of “Buy” and an average price target of $190.67.

COPYRIGHT VIOLATION NOTICE: “Edgestream Partners L.P. Grows Stake in Raytheon Company (RTN)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/09/edgestream-partners-l-p-grows-stake-in-raytheon-company-rtn.html.

Shares of Raytheon Company (NYSE RTN) opened at 187.73 on Monday. The stock has a market capitalization of $54.49 billion, a price-to-earnings ratio of 25.93 and a beta of 0.59. Raytheon Company has a 12-month low of $132.89 and a 12-month high of $188.31. The company has a 50-day moving average of $182.63 and a 200 day moving average of $167.10.

Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.15. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The company had revenue of $6.28 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the previous year, the company posted $2.38 earnings per share. Raytheon’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts predict that Raytheon Company will post $7.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Thursday, October 12th will be issued a $0.7975 dividend. This represents a $3.19 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Wednesday, October 11th. Raytheon’s payout ratio is presently 43.94%.

In related news, Director Robert E. Beauchamp purchased 1,162 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $171.99 per share, with a total value of $199,852.38. Following the completion of the acquisition, the director now owns 4,303 shares of the company’s stock, valued at approximately $740,072.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Frank R. Jimenez sold 650 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $187.27, for a total value of $121,725.50. The disclosure for this sale can be found here. Insiders sold 5,770 shares of company stock valued at $1,052,376 over the last three months. 0.19% of the stock is currently owned by corporate insiders.

About Raytheon

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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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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