Fort Washington Investment Advisors Inc. OH cut its stake in shares of Raytheon Company (NYSE:RTN) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,660 shares of the aerospace company’s stock after selling 165 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Raytheon were worth $2,388,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Israel Discount Bank of New York GFN bought a new stake in Raytheon during the fourth quarter worth about $220,000. Quadrature Capital Ltd increased its stake in Raytheon by 63.9% in the fourth quarter. Quadrature Capital Ltd now owns 4,837 shares of the aerospace company’s stock worth $687,000 after buying an additional 1,886 shares in the last quarter. Ibex Wealth Advisors increased its stake in Raytheon by 0.6% in the fourth quarter. Ibex Wealth Advisors now owns 22,866 shares of the aerospace company’s stock worth $3,359,000 after buying an additional 140 shares in the last quarter. Wealthfront Inc. increased its stake in Raytheon by 3.7% in the fourth quarter. Wealthfront Inc. now owns 13,280 shares of the aerospace company’s stock worth $1,886,000 after buying an additional 478 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in Raytheon during the fourth quarter worth about $298,000. 74.84% of the stock is owned by institutional investors.
Shares of Raytheon Company (RTN) opened at 172.02 on Friday. The firm has a 50-day moving average of $164.98 and a 200 day moving average of $156.53. The company has a market capitalization of $50.07 billion, a P/E ratio of 22.16 and a beta of 0.58. Raytheon Company has a 1-year low of $132.89 and a 1-year high of $172.40.
Raytheon (NYSE:RTN) last released its quarterly earnings data on Thursday, July 27th. The aerospace company reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.15. Raytheon had a net margin of 8.68% and a return on equity of 20.74%. The business had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.24 billion. During the same quarter last year, the business earned $2.38 earnings per share. Raytheon’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Raytheon Company will post $7.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 3rd. Shareholders of record on Wednesday, July 5th will be given a dividend of $0.7975 per share. The ex-dividend date of this dividend is Friday, June 30th. This represents a $3.19 annualized dividend and a yield of 1.85%. Raytheon’s dividend payout ratio (DPR) is currently 43.94%.
COPYRIGHT VIOLATION NOTICE: “Raytheon Company (NYSE:RTN) Shares Sold by Fort Washington Investment Advisors Inc. OH” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://stocknewstimes.com/2017/07/29/fort-washington-investment-advisors-inc-oh-sells-165-shares-of-raytheon-company-nysertn-updated.html.
RTN has been the subject of a number of research analyst reports. Credit Suisse Group reaffirmed a “buy” rating and set a $170.00 price objective on shares of Raytheon in a report on Friday, March 31st. Cowen and Company reaffirmed a “buy” rating and set a $170.00 price objective on shares of Raytheon in a report on Monday, April 10th. Stifel Nicolaus lifted their price objective on shares of Raytheon from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Deutsche Bank AG lifted their price objective on shares of Raytheon from $156.00 to $160.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, Zacks Investment Research raised shares of Raytheon from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a report on Monday, May 1st. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Raytheon currently has a consensus rating of “Buy” and a consensus target price of $168.45.
In other news, VP Taylor W. Lawrence sold 2,756 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $162.04, for a total value of $446,582.24. Following the completion of the sale, the vice president now owns 53,285 shares in the company, valued at approximately $8,634,301.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Wesley D. Kremer sold 1,010 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $163.10, for a total transaction of $164,731.00. Following the completion of the sale, the vice president now owns 23,136 shares of the company’s stock, valued at approximately $3,773,481.60. The disclosure for this sale can be found here. Insiders have sold 15,911 shares of company stock valued at $2,580,752 in the last quarter. 0.19% of the stock is owned by company insiders.
Raytheon Company Profile
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 Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon Company and related companies with MarketBeat.com's FREE daily email newsletter.
