Pacific Alternative Asset Management Company LLC Acquires New Holdings in Raytheon Company (RTN)

Pacific Alternative Asset Management Company LLC acquired a new stake in Raytheon Company (NYSE:RTN) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,669 shares of the aerospace company’s stock, valued at approximately $1,077,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. St. Johns Investment Management Company LLC bought a new stake in Raytheon in the second quarter valued at approximately $113,000. Jacobi Capital Management LLC increased its stake in Raytheon by 271.1% in the first quarter. Jacobi Capital Management LLC now owns 757 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 553 shares in the last quarter. Tarbox Family Office Inc. increased its stake in Raytheon by 1,666.7% in the second quarter. Tarbox Family Office Inc. now owns 795 shares of the aerospace company’s stock valued at $128,000 after purchasing an additional 750 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Raytheon in the second quarter valued at approximately $139,000. Finally, CWM LLC increased its stake in Raytheon by 7.4% in the second quarter. CWM LLC now owns 916 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 73.62% of the company’s stock.

RTN has been the subject of several recent analyst reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $212.00 target price (up previously from $170.00) on shares of Raytheon in a research note on Thursday, August 10th. Vetr downgraded shares of Raytheon from a “buy” rating to a “hold” rating and set a $187.08 target price for the company. in a research note on Wednesday, August 30th. Zacks Investment Research downgraded shares of Raytheon from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. BidaskClub downgraded shares of Raytheon from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Buckingham Research upped their target price on shares of Raytheon from $190.00 to $199.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $194.07.

Shares of Raytheon Company (NYSE:RTN) opened at 186.95 on Friday. The company has a market cap of $54.26 billion, a P/E ratio of 25.82 and a beta of 0.59. Raytheon Company has a 12 month low of $132.89 and a 12 month high of $189.64. The stock’s 50 day moving average is $184.96 and its 200 day moving average is $169.38.

Raytheon (NYSE:RTN) last released its quarterly earnings data on Thursday, July 27th. The aerospace company reported $1.89 EPS for the quarter, topping the 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 last year, the company earned $2.38 EPS. Raytheon’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts anticipate that Raytheon Company will post $7.59 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Thursday, October 12th will be issued a $0.7975 dividend. The ex-dividend date is Wednesday, October 11th. This represents a $3.19 annualized dividend and a yield of 1.71%. Raytheon’s payout ratio is 43.94%.

TRADEMARK VIOLATION NOTICE: “Pacific Alternative Asset Management Company LLC Acquires New Holdings in Raytheon Company (RTN)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/20/pacific-alternative-asset-management-company-llc-acquires-new-holdings-in-raytheon-company-rtn.html.

In related news, VP Taylor W. Lawrence sold 3,791 shares of Raytheon stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $182.09, for a total value of $690,303.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert E. Beauchamp acquired 1,162 shares of Raytheon stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $171.99 per share, with a total value of $199,852.38. Following the completion of the acquisition, the director now directly owns 4,303 shares in the company, valued at approximately $740,072.97.

Other hedge funds and other institutional investors have also made changes to their positions in the company. St. Johns Investment Management Company LLC bought a new stake in Raytheon in the second quarter valued at approximately $113,000. Jacobi Capital Management LLC increased its stake in Raytheon by 271.1% in the first quarter. Jacobi Capital Management LLC now owns 757 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 553 shares in the last quarter. Tarbox Family Office Inc. increased its stake in Raytheon by 1,666.7% in the second quarter. Tarbox Family Office Inc. now owns 795 shares of the aerospace company’s stock valued at $128,000 after purchasing an additional 750 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Raytheon in the second quarter valued at approximately $139,000. Finally, CWM LLC increased its stake in Raytheon by 7.4% in the second quarter. CWM LLC now owns 916 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 73.62% of the company’s stock.

RTN has been the subject of several recent analyst reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $212.00 target price (up previously from $170.00) on shares of Raytheon in a research note on Thursday, August 10th. Vetr downgraded shares of Raytheon from a “buy” rating to a “hold” rating and set a $187.08 target price for the company. in a research note on Wednesday, August 30th. Zacks Investment Research downgraded shares of Raytheon from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. BidaskClub downgraded shares of Raytheon from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Buckingham Research upped their target price on shares of Raytheon from $190.00 to $199.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $194.07.

Shares of Raytheon Company (NYSE:RTN) opened at 186.95 on Friday. The company has a market cap of $54.26 billion, a P/E ratio of 25.82 and a beta of 0.59. Raytheon Company has a 12 month low of $132.89 and a 12 month high of $189.64. The stock’s 50 day moving average is $184.96 and its 200 day moving average is $169.38.

Raytheon (NYSE:RTN) last released its quarterly earnings data on Thursday, July 27th. The aerospace company reported $1.89 EPS for the quarter, topping the 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 last year, the company earned $2.38 EPS. Raytheon’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts anticipate that Raytheon Company will post $7.59 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Thursday, October 12th will be issued a $0.7975 dividend. The ex-dividend date is Wednesday, October 11th. This represents a $3.19 annualized dividend and a yield of 1.71%. Raytheon’s payout ratio is 43.94%.

TRADEMARK VIOLATION NOTICE: “Pacific Alternative Asset Management Company LLC Acquires New Holdings in Raytheon Company (RTN)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/20/pacific-alternative-asset-management-company-llc-acquires-new-holdings-in-raytheon-company-rtn.html.

In related news, VP Taylor W. Lawrence sold 3,791 shares of Raytheon stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $182.09, for a total value of $690,303.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert E. Beauchamp acquired 1,162 shares of Raytheon stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $171.99 per share, with a total value of $199,852.38. Following the completion of the acquisition, the director now directly owns 4,303 shares in the company, valued at approximately $740,072.97. The disclosure for this purchase can be found here. Insiders sold a total of 5,770 shares of company stock valued at $1,052,376 over the last quarter. 0.19% of the stock is 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.

Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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