1,267 Shares in Raytheon (NYSE:RTN) Acquired by Captrust Financial Advisors

Captrust Financial Advisors acquired a new position in shares of Raytheon (NYSE:RTN) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,267 shares of the aerospace company’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signature Estate & Investment Advisors LLC bought a new position in shares of Raytheon in the third quarter worth $103,000. Stonehearth Capital Management LLC acquired a new stake in shares of Raytheon in the fourth quarter valued at $103,000. Rowland & Co. Investment Counsel ADV acquired a new stake in shares of Raytheon in the fourth quarter valued at $106,000. Global Trust Asset Management LLC acquired a new stake in shares of Raytheon in the fourth quarter valued at $136,000. Finally, Invictus RG acquired a new stake in shares of Raytheon in the third quarter valued at $152,000. Hedge funds and other institutional investors own 73.43% of the company’s stock.

How to Become a New Pot Stock Millionaire

In related news, VP Rebecca R. Rhoads sold 12,054 shares of the stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $212.09, for a total transaction of $2,556,532.86. Following the completion of the sale, the vice president now owns 26,266 shares in the company, valued at approximately $5,570,755.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Michael J. Wood sold 3,989 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $215.88, for a total value of $861,145.32. Following the sale, the chief accounting officer now owns 22,260 shares of the company’s stock, valued at approximately $4,805,488.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,866 shares of company stock worth $22,730,714. 0.19% of the stock is currently owned by insiders.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Raytheon from a “hold” rating to a “buy” rating and set a $245.00 price objective for the company in a report on Tuesday, March 27th. Wells Fargo restated an “outperform” rating and issued a $215.00 price objective (up previously from $202.00) on shares of Raytheon in a report on Tuesday, January 16th. Barclays began coverage on Raytheon in a report on Thursday, March 29th. They issued an “equal weight” rating and a $239.00 price objective for the company. Cowen reaffirmed a “buy” rating and set a $215.00 target price on shares of Raytheon in a report on Thursday, January 25th. Finally, Sanford C. Bernstein upped their target price on Raytheon from $231.00 to $255.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Raytheon has an average rating of “Buy” and a consensus target price of $219.36.

RTN stock traded down $3.48 during mid-day trading on Friday, hitting $215.91. The stock had a trading volume of 1,749,735 shares, compared to its average volume of 1,862,942. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.54 and a quick ratio of 1.46. Raytheon has a 1-year low of $150.72 and a 1-year high of $222.82. The firm has a market cap of $62,291.34, a P/E ratio of 28.33, a PEG ratio of 2.04 and a beta of 0.70.

Raytheon (NYSE:RTN) last issued its earnings results on Thursday, January 25th. The aerospace company reported $2.03 earnings per share for the quarter, topping the consensus estimate 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 business’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 EPS. research analysts expect that Raytheon will post 9.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Wednesday, April 11th will be issued a dividend of $0.8675 per share. This is a positive change from Raytheon’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Tuesday, April 10th. This represents a $3.47 dividend on an annualized basis and a dividend yield of 1.61%. Raytheon’s dividend payout ratio is currently 41.86%.

TRADEMARK VIOLATION NOTICE: This article was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/04/08/captrust-financial-advisors-acquires-shares-of-1267-raytheon-rtn.html.

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.

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.

Leave a Reply