Investors Sell Raytheon (RTN) on Strength (RTN)

Traders sold shares of Raytheon (NYSE:RTN) on strength during trading hours on Friday. $109.90 million flowed into the stock on the tick-up and $170.19 million flowed out of the stock on the tick-down, for a money net flow of $60.29 million out of the stock. Of all equities tracked, Raytheon had the 8th highest net out-flow for the day. Raytheon traded up $0.72 for the day and closed at $181.55

Several equities analysts have recently weighed in on RTN shares. Stifel Nicolaus lowered their price target on Raytheon from $235.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, July 27th. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $224.00 price target on the stock in a report on Wednesday, July 18th. Bank of America lowered their price target on Raytheon from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, October 26th. UBS Group started coverage on Raytheon in a report on Wednesday, August 15th. They set a “buy” rating and a $250.00 price target on the stock. Finally, Wells Fargo & Co lowered their price target on Raytheon from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $231.08.

The company has a quick ratio of 1.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $49.27 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 1.29 and a beta of 0.68.

Raytheon (NYSE:RTN) last issued its quarterly earnings results on Thursday, October 25th. The aerospace company reported $2.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.97 by $0.28. Raytheon had a return on equity of 24.43% and a net margin of 9.33%. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.67 billion. During the same quarter in the prior year, the business posted $1.97 EPS. Analysts expect that Raytheon will post 10.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 8th. Shareholders of record on Wednesday, October 10th will be paid a $0.8675 dividend. The ex-dividend date is Tuesday, October 9th. This represents a $3.47 dividend on an annualized basis and a yield of 1.91%. Raytheon’s payout ratio is presently 45.54%.

In other Raytheon news, VP Taylor W. Lawrence sold 3,299 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $199.41, for a total value of $657,853.59. Following the completion of the sale, the vice president now owns 44,220 shares in the company, valued at approximately $8,817,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.19% of the company’s stock.

Several institutional investors have recently modified their holdings of RTN. Squar Milner Financial Services LLC purchased a new position in shares of Raytheon during the second quarter valued at about $100,000. WESPAC Advisors SoCal LLC purchased a new position in shares of Raytheon during the third quarter valued at about $103,000. Clarus Wealth Advisors purchased a new position in shares of Raytheon during the second quarter valued at about $113,000. Fort L.P. purchased a new position in shares of Raytheon during the second quarter valued at about $117,000. Finally, Mainstay Capital Management LLC ADV lifted its holdings in shares of Raytheon by 19,218.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 25,307 shares of the aerospace company’s stock valued at $131,000 after acquiring an additional 25,176 shares during the last quarter. Hedge funds and other institutional investors own 72.96% of the company’s stock.

Raytheon Company Profile (NYSE:RTN)

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.

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