Robeco Institutional Asset Management B.V. Has $101 Million Position in Raytheon (RTN)

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Robeco Institutional Asset Management B.V. boosted its position in Raytheon (NYSE:RTN) by 6.0% during the third quarter, Holdings Channel reports. The institutional investor owned 488,707 shares of the aerospace company’s stock after buying an additional 27,595 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Raytheon were worth $100,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Squar Milner Financial Services LLC purchased a new stake in shares of Raytheon during the 2nd quarter worth $100,000. WESPAC Advisors SoCal LLC purchased a new stake in shares of Raytheon during the 3rd quarter worth $103,000. Fort L.P. purchased a new stake in shares of Raytheon during the 2nd quarter worth $117,000. Mainstay Capital Management LLC ADV boosted its position in shares of Raytheon by 19,218.3% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 25,307 shares of the aerospace company’s stock worth $131,000 after purchasing an additional 25,176 shares in the last quarter. Finally, Salem Investment Counselors Inc. boosted its position in shares of Raytheon by 140.8% during the 2nd quarter. Salem Investment Counselors Inc. now owns 684 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 73.24% of the company’s stock.

In related news, VP Taylor W. Lawrence sold 3,299 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $199.41, for a total value of $657,853.59. Following the completion of the transaction, the vice president now owns 44,220 shares of the company’s stock, valued at approximately $8,817,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

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

Raytheon stock opened at $188.02 on Friday. Raytheon has a 52 week low of $165.00 and a 52 week high of $229.75. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.49. The stock has a market capitalization of $53.31 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 1.40 and a beta of 0.84.

Raytheon (NYSE:RTN) last released its quarterly earnings data on Thursday, October 25th. The aerospace company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.97 by $0.28. Raytheon had a net margin of 9.33% and a return on equity of 24.43%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.67 billion. During the same period in the previous year, the firm earned $1.97 EPS. Analysts forecast that Raytheon will post 10.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 8th. Investors of record on Wednesday, October 10th were paid a $0.8675 dividend. This represents a $3.47 annualized dividend and a yield of 1.85%. The ex-dividend date was Tuesday, October 9th. Raytheon’s payout ratio is 45.54%.

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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.

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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