Landmark Bank increased its stake in shares of Raytheon (NYSE:RTN) by 19.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,038 shares of the aerospace company’s stock after purchasing an additional 338 shares during the quarter. Landmark Bank’s holdings in Raytheon were worth $313,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Coastline Trust Co raised its position in Raytheon by 0.6% during the fourth quarter. Coastline Trust Co now owns 10,850 shares of the aerospace company’s stock valued at $1,664,000 after acquiring an additional 65 shares in the last quarter. Farmers Trust Co. raised its position in Raytheon by 0.6% during the fourth quarter. Farmers Trust Co. now owns 16,086 shares of the aerospace company’s stock valued at $2,467,000 after acquiring an additional 98 shares in the last quarter. Douglas Lane & Associates LLC raised its position in Raytheon by 6.5% during the fourth quarter. Douglas Lane & Associates LLC now owns 1,658 shares of the aerospace company’s stock valued at $254,000 after acquiring an additional 101 shares in the last quarter. Rockland Trust Co. raised its position in Raytheon by 7.3% during the fourth quarter. Rockland Trust Co. now owns 1,625 shares of the aerospace company’s stock valued at $249,000 after acquiring an additional 110 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. raised its position in Raytheon by 21.6% during the fourth quarter. Shine Investment Advisory Services Inc. now owns 705 shares of the aerospace company’s stock valued at $108,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 73.22% of the company’s stock.

Several equities analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Raytheon from $230.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday, January 14th. Susquehanna Bancshares assumed coverage on shares of Raytheon in a research report on Thursday, January 10th. They set a “positive” rating and a $187.00 price objective on the stock. ValuEngine lowered shares of Raytheon from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Zacks Investment Research lowered shares of Raytheon from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Finally, Barclays cut their price objective on shares of Raytheon from $239.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $224.14.

Shares of NYSE:RTN traded up $1.49 during trading on Wednesday, reaching $165.20. The stock had a trading volume of 1,665,022 shares, compared to its average volume of 1,884,987. Raytheon has a 52 week low of $144.27 and a 52 week high of $229.75. The firm has a market cap of $47.07 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 1.02 and a beta of 0.90. The company has a quick ratio of 1.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.42.

Raytheon (NYSE:RTN) last released its quarterly earnings results on Thursday, October 25th. The aerospace company reported $2.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.97 by $0.28. Raytheon had a net margin of 9.33% and a return on equity of 24.43%. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.67 billion. During the same quarter last year, the firm posted $1.97 earnings per share. Research analysts predict that Raytheon will post 10.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Wednesday, January 2nd will be given a $0.8675 dividend. This represents a $3.47 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Monday, December 31st. Raytheon’s dividend payout ratio is 45.54%.

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Raytheon Profile

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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