Raytheon Company (RTN) Holdings Reduced by Oregon Public Employees Retirement Fund

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Raytheon logoOregon Public Employees Retirement Fund trimmed its holdings in shares of Raytheon Company (NYSE:RTN) by 36.three% in the course of the third quarter, in line with the corporate in its most up-to-date submitting with the Securities and Exchange Commission. The fund owned 70,940 shares of the aerospace firm’s inventory after promoting 40,460 shares in the course of the interval. Oregon Public Employees Retirement Fund’s holdings in Raytheon had been value $13,236,000 on the finish of the newest quarter.

Other institutional buyers and hedge funds have additionally modified their holdings of the corporate. Vanguard Group Inc. raised its holdings in Raytheon by 1.7% within the 2nd quarter. Vanguard Group Inc. now owns 22,278,418 shares of the aerospace firm’s inventory value $three,597,519,000 after buying an extra 367,898 shares in the course of the interval. BlackRock Inc. raised its holdings in Raytheon by 2.7% within the 2nd quarter. BlackRock Inc. now owns 19,934,958 shares of the aerospace firm’s inventory value $three,219,097,000 after buying an extra 527,139 shares in the course of the interval. State Street Corp raised its holdings in Raytheon by 2.6% within the 1st quarter. State Street Corp now owns 12,585,731 shares of the aerospace firm’s inventory value $1,919,348,000 after buying an extra 313,435 shares in the course of the interval. Morgan Stanley raised its holdings in Raytheon by 7.2% within the 1st quarter. Morgan Stanley now owns four,491,454 shares of the aerospace firm’s inventory value $684,945,000 after buying an extra 302,274 shares in the course of the interval. Finally, Clearbridge Investments LLC raised its holdings in Raytheon by zero.7% within the 1st quarter. Clearbridge Investments LLC now owns three,527,842 shares of the aerospace firm’s inventory value $537,996,000 after buying an extra 23,172 shares in the course of the interval. Institutional buyers and hedge funds personal 74.24% of the corporate’s inventory.

Various equities badysts just lately commented on RTN shares. Argus reaffirmed a “buy” score and issued a $195.00 goal worth (up from $175.00) on shares of Raytheon in a report on Friday, August 4th. Bank of America Corporation reaffirmed a “buy” score and issued a $200.00 goal worth (up from $185.00) on shares of Raytheon in a report on Tuesday, August 1st. BidaskClub minimize Raytheon from a “strong-buy” score to a “buy” score in a report on Monday, July 31st. Stifel Nicolaus reaffirmed a “buy” score and issued a $185.00 goal worth (up from $175.00) on shares of Raytheon in a report on Sunday, July 30th. Finally, Royal Bank Of Canada set a $193.00 goal worth on Raytheon and gave the inventory a “buy” score in a report on Monday, August 28th. Five equities badysis badysts have rated the inventory with a maintain score and fourteen have given a purchase score to the corporate’s inventory. Raytheon at present has a consensus score of “Buy” and a mean goal worth of $200.18.

Raytheon Company (NYSE RTN) opened at $182.85 on Friday. The firm has a market capitalization of $52,859.56, a PE ratio of 24.19, a P/E/G ratio of two.48 and a beta of zero.57. Raytheon Company has a 12-month low of $137.70 and a 12-month excessive of $190.25. The firm has a debt-to-equity ratio of zero.44, a present ratio of 1.66 and a fast ratio of 1.55.

Raytheon (NYSE:RTN) final launched its quarterly earnings outcomes on Thursday, October 26th. The aerospace firm reported $1.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $zero.07. The firm had income of $6.28 billion in the course of the quarter, in comparison with badyst estimates of $6.33 billion. Raytheon had a return on fairness of 20.98% and a web margin of eight.77%. The agency’s income was up four.5% on a year-over-year foundation. During the identical quarter final 12 months, the enterprise posted $1.79 earnings per share. badysts anticipate that Raytheon Company will submit 7.61 EPS for the present 12 months.

Raytheon declared that its Board of Directors has initiated a inventory buyback plan on Wednesday, November 15th that enables the corporate to buyback $2.00 billion in shares. This buyback authorization permits the aerospace firm to reacquire shares of its inventory by open market purchases. Stock buyback plans are normally an indication that the corporate’s board of administrators believes its shares are undervalued.

The enterprise additionally just lately declared a quarterly dividend, which can be paid on Thursday, February 1st. Investors of report on Wednesday, January third can be given a $zero.7975 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $three.19 annualized dividend and a yield of 1.74%. Raytheon’s dividend payout ratio is at present 42.88%.

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In different Raytheon information, VP Frank R. Jimenez bought 650 shares of the enterprise’s inventory in a transaction that occurred on Monday, October 2nd. The inventory was bought at a mean worth of $187.27, for a complete transaction of $121,725.50. The sale was disclosed in a doc filed with the Securities & Exchange Commission, which is accessible by the SEC web site. Also, VP Frank R. Jimenez bought 500 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, August 30th. The shares had been bought at a mean worth of $181.94, for a complete worth of $90,970.00. Following the transaction, the vice chairman now owns 29,292 shares of the corporate’s inventory, valued at roughly $5,329,386.48. The disclosure for this sale will be discovered right here. In the final quarter, insiders bought four,941 shares of firm inventory valued at $902,999. zero.19% of the inventory is at present owned by firm insiders.

Raytheon Profile

Raytheon Company is a know-how firm, which focuses on protection and different authorities markets. The Company develops built-in merchandise, providers and options in numerous markets, together with sensing; results; command, management, communications, computer systems, cyber and intelligence; mission badist, and cybersecurity.

Institutional Ownership by Quarter for Raytheon (NYSE:RTN)




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