A number of other research analysts have also weighed in on RTN. ValuEngine upgraded Raytheon from a hold rating to a buy rating in a report on Sunday, December 31st. Stifel Nicolaus reiterated a buy rating and set a $210.00 price target on shares of Raytheon in a report on Tuesday, January 9th. Zacks Investment Research upgraded Raytheon from a hold rating to a buy rating and set a $217.00 price target on the stock in a report on Friday, January 12th. Wells Fargo reiterated an outperform rating and set a $215.00 price target (up previously from $202.00) on shares of Raytheon in a report on Tuesday, January 16th. Finally, Royal Bank of Canada set a $235.00 price target on Raytheon and gave the stock a buy rating in a report on Tuesday, January 23rd. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $220.53.
Shares of RTN stock opened at $227.11 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.46 and a current ratio of 1.54. The firm has a market capitalization of $64,051.21, a price-to-earnings ratio of 29.80, a PEG ratio of 2.09 and a beta of 0.70. Raytheon has a fifty-two week low of $152.40 and a fifty-two week high of $227.49.
Raytheon (NYSE:RTN) last announced its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. The company had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.81 billion. Raytheon had a return on equity of 21.36% and a net margin of 7.98%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.84 EPS. sell-side analysts expect that Raytheon will post 9.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Investors of record on Wednesday, April 11th will be issued a $0.8675 dividend. This is a positive change from Raytheon’s previous quarterly dividend of $0.80. This represents a $3.47 annualized dividend and a yield of 1.53%. The ex-dividend date is Tuesday, April 10th. Raytheon’s payout ratio is 45.54%.
In related news, CAO Michael J. Wood sold 523 shares of the business’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $214.30, for a total value of $112,078.90. Following the sale, the chief accounting officer now directly owns 15,773 shares in the company, valued at approximately $3,380,153.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael J. Wood sold 1,974 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $208.07, for a total transaction of $410,730.18. Following the completion of the sale, the vice president now owns 17,467 shares in the company, valued at $3,634,358.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 105,866 shares of company stock worth $22,730,714. 0.19% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Stonehearth Capital Management LLC purchased a new stake in Raytheon in the 4th quarter valued at about $103,000. Rowland & Co. Investment Counsel ADV purchased a new stake in Raytheon in the 4th quarter valued at about $106,000. Global Trust Asset Management LLC purchased a new stake in Raytheon in the 4th quarter valued at about $136,000. Certified Advisory Corp purchased a new stake in Raytheon in the 4th quarter valued at about $174,000. Finally, Risk Paradigm Group LLC raised its holdings in Raytheon by 120.9% in the 4th quarter. Risk Paradigm Group LLC now owns 963 shares of the aerospace company’s stock valued at $181,000 after buying an additional 527 shares during the period. Hedge funds and other institutional investors own 73.53% of the company’s stock.
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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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