Raytheon (NYSE:RTN) Director Stephen J. Hadley sold 800 shares of Raytheon stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $203.31, for a total transaction of $162,648.00. Following the sale, the director now directly owns 10,845 shares of the company’s stock, valued at approximately $2,204,896.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Raytheon (NYSE:RTN) traded up $3.00 during midday trading on Monday, reaching $207.52. 2,130,000 shares of the company’s stock were exchanged, compared to its average volume of 1,830,000. The company has a quick ratio of 1.46, a current ratio of 1.54 and a debt-to-equity ratio of 0.48. The company has a market cap of $59,990.00, a P/E ratio of 29.90, a P/E/G ratio of 1.94 and a beta of 0.76. Raytheon has a 52-week low of $148.65 and a 52-week high of $213.45.

Raytheon (NYSE:RTN) last posted its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.01. Raytheon had a net margin of 7.98% and a return on equity of 21.36%. The firm had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the previous year, the firm posted $1.84 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. research analysts forecast that Raytheon will post 9.65 earnings per share for the current fiscal year.

Raytheon announced that its Board of Directors has authorized a share buyback program on Wednesday, November 15th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 3rd were issued a dividend of $0.7975 per share. This represents a $3.19 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Tuesday, January 2nd. Raytheon’s dividend payout ratio (DPR) is presently 45.97%.

Institutional investors have recently modified their holdings of the company. Signature Estate & Investment Advisors LLC bought a new stake in shares of Raytheon during the 3rd quarter worth approximately $103,000. Stonehearth Capital Management LLC bought a new stake in shares of Raytheon during the 4th quarter worth approximately $103,000. Rowland & Co. Investment Counsel ADV bought a new stake in shares of Raytheon during the 4th quarter worth approximately $106,000. Global Trust Asset Management LLC bought a new stake in shares of Raytheon during the 4th quarter worth approximately $136,000. Finally, Invictus RG bought a new stake in shares of Raytheon during the 3rd quarter worth approximately $152,000. 72.66% of the stock is owned by institutional investors.

RTN has been the subject of several research analyst reports. Cowen reaffirmed a “buy” rating and set a $203.00 target price on shares of Raytheon in a report on Thursday, October 19th. Robert W. Baird reaffirmed a “buy” rating and set a $212.00 target price on shares of Raytheon in a report on Tuesday, October 24th. Stifel Nicolaus lifted their target price on shares of Raytheon from $185.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Bank of America set a $220.00 price objective on shares of Raytheon and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Wells Fargo & Co cut their price objective on shares of Raytheon from $200.00 to $195.00 and set an “outperform” rating for the company in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Raytheon currently has a consensus rating of “Buy” and a consensus target price of $210.77.

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About Raytheon

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.

Insider Buying and Selling by Quarter for Raytheon (NYSE:RTN)

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