Raytheon (NYSE:RTN) Director Stephen J. Hadley sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $203.31, for a total transaction of $162,648.00. Following the sale, the director now owns 10,845 shares in the company, valued at approximately $2,204,896.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Raytheon (NYSE:RTN) opened at $209.53 on Wednesday. Raytheon has a one year low of $148.65 and a one year high of $213.45. The company has a quick ratio of 1.46, a current ratio of 1.54 and a debt-to-equity ratio of 0.48. The company has a market cap of $60,570.00, a price-to-earnings ratio of 30.19, a PEG ratio of 1.94 and a beta of 0.76.
Raytheon (NYSE:RTN) last issued its earnings results on Thursday, January 25th. The aerospace company reported $2.03 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter last year, the firm posted $1.84 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. sell-side analysts forecast that Raytheon will post 9.65 earnings per share for the current year.
RTN has been the topic of a number of analyst reports. Buckingham Research raised their target price on shares of Raytheon from $199.00 to $204.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Robert W. Baird restated a “buy” rating and set a $212.00 target price on shares of Raytheon in a research report on Tuesday, October 24th. Cowen restated a “buy” rating and set a $203.00 target price on shares of Raytheon in a research report on Thursday, October 26th. Wells Fargo & Co decreased their target price on shares of Raytheon from $200.00 to $195.00 and set an “outperform” rating on the stock in a research report on Friday, October 27th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $210.00 price target on shares of Raytheon in a research note on Tuesday, January 9th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Raytheon has a consensus rating of “Buy” and a consensus price target of $210.77.
Several hedge funds have recently modified their holdings of RTN. Signature Estate & Investment Advisors LLC acquired a new stake in Raytheon during the 3rd quarter valued at $103,000. Stonehearth Capital Management LLC acquired a new stake in Raytheon during the 4th quarter valued at $103,000. Rowland & Co. Investment Counsel ADV acquired a new stake in Raytheon during the 4th quarter valued at $106,000. Global Trust Asset Management LLC acquired a new stake in Raytheon during the 4th quarter valued at $136,000. Finally, Invictus RG acquired a new stake in Raytheon during the 3rd quarter valued at $152,000. 72.66% of the stock is currently owned by institutional investors and hedge funds.
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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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