Northstar Group Inc. Has $752,000 Holdings in Raytheon (RTN)

Northstar Group Inc. boosted its position in shares of Raytheon (NYSE:RTN) by 4.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,132 shares of the aerospace company’s stock after buying an additional 190 shares during the period. Northstar Group Inc.’s holdings in Raytheon were worth $752,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Cibc Bank USA boosted its stake in shares of Raytheon by 1.7% in the 4th quarter. Cibc Bank USA now owns 3,733 shares of the aerospace company’s stock valued at $572,000 after purchasing an additional 64 shares in the last quarter. Coastline Trust Co boosted its stake in shares of Raytheon by 0.6% in the 4th quarter. Coastline Trust Co now owns 10,850 shares of the aerospace company’s stock valued at $1,664,000 after purchasing an additional 65 shares in the last quarter. Lodestar Investment Counsel LLC IL boosted its stake in shares of Raytheon by 3.1% in the 1st quarter. Lodestar Investment Counsel LLC IL now owns 2,148 shares of the aerospace company’s stock valued at $391,000 after purchasing an additional 65 shares in the last quarter. CX Institutional boosted its stake in shares of Raytheon by 23.4% in the 1st quarter. CX Institutional now owns 348 shares of the aerospace company’s stock valued at $63,000 after purchasing an additional 66 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of Raytheon by 42.9% in the 4th quarter. Proficio Capital Partners LLC now owns 223 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 75.81% of the company’s stock.

Shares of NYSE RTN opened at $182.36 on Wednesday. The company has a market capitalization of $51.47 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. Raytheon has a 1 year low of $144.27 and a 1 year high of $229.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.46 and a quick ratio of 1.37.

Raytheon (NYSE:RTN) last issued its quarterly earnings data on Thursday, January 31st. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.04. The business had revenue of $7.36 billion during the quarter, compared to analyst estimates of $7.50 billion. Raytheon had a net margin of 10.75% and a return on equity of 25.81%. During the same quarter last year, the business earned $2.03 EPS. Analysts forecast that Raytheon will post 11.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Wednesday, April 10th will be issued a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Tuesday, April 9th. This is a positive change from Raytheon’s previous quarterly dividend of $0.87. Raytheon’s dividend payout ratio (DPR) is 35.53%.

In other Raytheon news, VP Michael J. Wood sold 427 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $177.58, for a total transaction of $75,826.66. Following the completion of the transaction, the vice president now owns 13,165 shares in the company, valued at approximately $2,337,840.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Michael J. Wood sold 3,501 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $183.86, for a total transaction of $643,693.86. Following the transaction, the chief accounting officer now owns 19,217 shares of the company’s stock, valued at approximately $3,533,237.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,657 shares of company stock valued at $3,940,619. Company insiders own 0.19% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. UBS Group downgraded shares of Raytheon from a “buy” rating to a “neutral” rating and reduced their price target for the company from $220.00 to $200.00 in a research note on Wednesday, April 3rd. Alembic Global Advisors upgraded shares of Raytheon from a “neutral” rating to an “overweight” rating and set a $214.00 price objective for the company in a report on Tuesday, February 5th. ValuEngine upgraded shares of Raytheon from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Argus reiterated a “buy” rating and issued a $200.00 price objective on shares of Raytheon in a report on Friday, February 1st. Finally, Citigroup dropped their price objective on shares of Raytheon from $230.00 to $208.00 and set a “buy” rating for the company in a report on Monday, January 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. Raytheon presently has a consensus rating of “Buy” and an average target price of $213.46.

ILLEGAL ACTIVITY WARNING: “Northstar Group Inc. Has $752,000 Holdings in Raytheon (RTN)” was posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.thelincolnianonline.com/2019/04/17/northstar-group-inc-has-752000-holdings-in-raytheon-rtn.html.

Raytheon Profile

Raytheon Company develops integrated products, services, and solutions for defense and other government markets worldwide. It operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.

Read More: Can systematic risk be avoided?

Want to see what other hedge funds are holding RTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Raytheon (NYSE:RTN).

Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

Receive News & Ratings for Raytheon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon and related companies with MarketBeat.com's FREE daily email newsletter.