Natixis Advisors L.P. Grows Position in Raytheon (RTN)

Natixis Advisors L.P. increased its stake in shares of Raytheon (NYSE:RTN) by 8.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,909 shares of the aerospace company’s stock after buying an additional 5,143 shares during the quarter. Natixis Advisors L.P.’s holdings in Raytheon were worth $14,657,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc purchased a new position in shares of Raytheon during the fourth quarter worth about $39,449,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Raytheon by 2.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 42,187 shares of the aerospace company’s stock worth $7,925,000 after buying an additional 807 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in Raytheon by 68.5% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,777 shares of the aerospace company’s stock valued at $522,000 after purchasing an additional 1,129 shares in the last quarter. BlackRock Inc. boosted its holdings in Raytheon by 6.2% in the 4th quarter. BlackRock Inc. now owns 21,240,939 shares of the aerospace company’s stock valued at $3,990,111,000 after purchasing an additional 1,237,648 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in Raytheon by 1.9% in the 4th quarter. LPL Financial LLC now owns 118,839 shares of the aerospace company’s stock valued at $22,324,000 after purchasing an additional 2,171 shares in the last quarter. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

RTN stock opened at $211.27 on Friday. Raytheon has a 12-month low of $158.32 and a 12-month high of $229.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.62 and a quick ratio of 1.52. The company has a market cap of $61.45 billion, a PE ratio of 27.73, a P/E/G ratio of 1.88 and a beta of 0.70.



Raytheon (NYSE:RTN) last posted its quarterly earnings results on Thursday, April 26th. The aerospace company reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.10. Raytheon had a net margin of 8.40% and a return on equity of 22.69%. The company had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same period last year, the firm earned $1.74 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. analysts forecast that Raytheon will post 9.87 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 10th. Stockholders of record on Wednesday, April 11th were given a dividend of $0.8675 per share. This represents a $3.47 dividend on an annualized basis and a dividend yield of 1.64%. This is an increase from Raytheon’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Tuesday, April 10th. Raytheon’s dividend payout ratio (DPR) is presently 45.54%.

In other news, Chairman Thomas A. Kennedy sold 6,076 shares of Raytheon stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $214.32, for a total transaction of $1,302,208.32. Following the completion of the sale, the chairman now directly owns 53,458 shares in the company, valued at approximately $11,457,118.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Thomas A. Kennedy sold 5,688 shares of Raytheon stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $215.07, for a total transaction of $1,223,318.16. Following the sale, the chairman now owns 64,873 shares of the company’s stock, valued at $13,952,236.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,969 shares of company stock valued at $8,323,643. Insiders own 0.19% of the company’s stock.

A number of equities research analysts have weighed in on the company. Credit Suisse Group reaffirmed a “neutral” rating and issued a $219.00 price objective (down previously from $250.00) on shares of Raytheon in a report on Tuesday. Wolfe Research raised Raytheon from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 8th. Zacks Investment Research lowered Raytheon from a “buy” rating to a “hold” rating in a report on Monday, March 12th. Cowen reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Raytheon in a report on Friday, February 9th. Finally, Sanford C. Bernstein lifted their price objective on Raytheon from $231.00 to $255.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $220.45.

About Raytheon

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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