Raytheon (NYSE:RTN) has been given a consensus rating of “Buy” by the nineteen brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $219.07.
Several research firms have recently commented on RTN. Zacks Investment Research raised shares of Raytheon from a “hold” rating to a “buy” rating and set a $245.00 price objective for the company in a research note on Tuesday, March 27th. Wells Fargo reissued an “outperform” rating and issued a $215.00 price objective (up previously from $202.00) on shares of Raytheon in a research note on Tuesday, January 16th. Barclays began coverage on shares of Raytheon in a research note on Thursday, March 29th. They issued an “equal weight” rating and a $239.00 price objective for the company. Cowen reissued a “buy” rating and issued a $235.00 price objective on shares of Raytheon in a research note on Tuesday. Finally, Sanford C. Bernstein raised their price objective on shares of Raytheon from $231.00 to $255.00 and gave the company an “outperform” rating in a research note on Monday, January 29th.
RTN stock traded down $0.21 during mid-day trading on Friday, hitting $226.90. 634,950 shares of the company were exchanged, compared to its average volume of 1,784,062. 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 12-month low of $152.43 and a 12-month high of $228.52. The firm has a market cap of $64,939.81, a PE ratio of 29.78, a price-to-earnings-growth ratio of 2.12 and a beta of 0.70.
Raytheon (NYSE:RTN) last posted its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.01. Raytheon had a net margin of 7.98% and a return on equity of 21.36%. The business had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the firm posted $1.84 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. sell-side analysts anticipate that Raytheon will post 9.69 EPS for the current fiscal year.
The company also recently announced 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 boost 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 annualized dividend and a yield of 1.53%. Raytheon’s dividend payout ratio (DPR) is 45.54%.
In other Raytheon news, CAO Michael J. Wood sold 3,989 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $215.88, for a total transaction of $861,145.32. Following the sale, the chief accounting officer now owns 22,260 shares of the company’s stock, valued at $4,805,488.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Frank R. Jimenez sold 3,405 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $210.93, for a total transaction of $718,216.65. Following the sale, the vice president now directly owns 25,342 shares in the company, valued at approximately $5,345,388.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,866 shares of company stock worth $22,730,714. 0.19% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. raised its holdings in Raytheon by 2.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 42,187 shares of the aerospace company’s stock worth $7,925,000 after purchasing an additional 807 shares in the last quarter. Certified Advisory Corp acquired a new stake in Raytheon during the fourth quarter worth approximately $174,000. D.B. Root & Company LLC acquired a new stake in Raytheon during the fourth quarter worth approximately $711,000. KCM Investment Advisors LLC increased its holdings in shares of Raytheon by 4.2% in the 4th quarter. KCM Investment Advisors LLC now owns 25,462 shares of the aerospace company’s stock valued at $4,783,000 after acquiring an additional 1,019 shares during the period. Finally, We Are One Seven LLC acquired a new position in shares of Raytheon in the 4th quarter valued at $903,000. 73.53% of the stock is currently owned by institutional investors.
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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.
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