Raytheon (NYSE:RTN) Director Stephen J. Hadley sold 800 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were 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 of the company’s stock, valued at approximately $2,204,896.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Raytheon (NYSE RTN) opened at $212.58 on Thursday. The firm has a market cap of $60,572.40, a PE ratio of 30.59, a P/E/G ratio of 1.99 and a beta of 0.77. Raytheon has a 1-year low of $148.65 and a 1-year high of $213.45. 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 (NYSE:RTN) last posted its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. The business had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.81 billion. Raytheon had a net margin of 7.98% and a return on equity of 21.36%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.84 earnings per share. analysts forecast that Raytheon will post 9.65 EPS for the current fiscal year.
Several analysts have weighed in on RTN shares. Bank of America set a $220.00 target price on shares of Raytheon and gave the company a “buy” rating in a research note on Friday, October 27th. Royal Bank of Canada set a $225.00 price target on shares of Raytheon and gave the stock a “buy” rating in a research report on Thursday, November 16th. Buckingham Research upped their price target 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. Wells Fargo & Co lowered their price target on shares of Raytheon from $200.00 to $195.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. Finally, Robert W. Baird restated a “buy” rating and set a $212.00 price target on shares of Raytheon in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $210.77.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Raytheon by 1.7% in the second quarter. Vanguard Group Inc. now owns 22,278,418 shares of the aerospace company’s stock worth $3,597,519,000 after purchasing an additional 367,898 shares during the period. BlackRock Inc. lifted its holdings in Raytheon by 6.2% in the fourth quarter. BlackRock Inc. now owns 21,240,939 shares of the aerospace company’s stock worth $3,990,111,000 after purchasing an additional 1,237,648 shares during the period. Bank of New York Mellon Corp lifted its holdings in Raytheon by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 4,182,034 shares of the aerospace company’s stock worth $785,594,000 after purchasing an additional 99,090 shares during the period. Geode Capital Management LLC lifted its holdings in Raytheon by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 3,486,232 shares of the aerospace company’s stock worth $653,684,000 after purchasing an additional 110,397 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Raytheon by 6.2% in the fourth quarter. Franklin Resources Inc. now owns 2,851,144 shares of the aerospace company’s stock worth $535,605,000 after purchasing an additional 166,467 shares during the period. 72.66% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This report was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.chaffeybreeze.com/2018/02/15/insider-selling-raytheon-rtn-director-sells-800-shares-of-stock.html.
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.
Receive News & Ratings for Raytheon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon and related companies with MarketBeat.com's FREE daily email newsletter.