MUFG Securities EMEA plc cut its holdings in shares of Raytheon (NYSE:RTN) by 93.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,508 shares of the aerospace company’s stock after selling 20,000 shares during the period. MUFG Securities EMEA plc’s holdings in Raytheon were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of RTN. Premia Global Advisors LLC raised its position in shares of Raytheon by 111.4% in the second quarter. Premia Global Advisors LLC now owns 3,061 shares of the aerospace company’s stock worth $532,000 after acquiring an additional 1,613 shares during the period. Wesleyan Assurance Society acquired a new position in shares of Raytheon in the second quarter worth about $1,391,000. Moneta Group Investment Advisors LLC raised its position in shares of Raytheon by 44.5% in the second quarter. Moneta Group Investment Advisors LLC now owns 3,761 shares of the aerospace company’s stock worth $441,000 after acquiring an additional 1,158 shares during the period. Roble Belko & Company Inc raised its position in shares of Raytheon by 3,228.6% in the second quarter. Roble Belko & Company Inc now owns 1,165 shares of the aerospace company’s stock worth $203,000 after acquiring an additional 1,130 shares during the period. Finally, LLBH Private Wealth Management LLC acquired a new position in shares of Raytheon in the second quarter worth about $43,000. Institutional investors own 73.08% of the company’s stock.

In related news, VP Randa G. Newsome sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $185.01, for a total transaction of $1,850,100.00. Following the completion of the sale, the vice president now owns 20,396 shares of the company’s stock, valued at approximately $3,773,463.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Frank R. Jimenez sold 1,054 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $180.00, for a total transaction of $189,720.00. Following the sale, the vice president now directly owns 25,863 shares of the company’s stock, valued at approximately $4,655,340. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

A number of research analysts have weighed in on the stock. Bank of America reiterated a “buy” rating and issued a $265.00 price objective (up previously from $224.00) on shares of Raytheon in a research report on Friday, July 26th. Stifel Nicolaus upped their price objective on shares of Raytheon from $205.00 to $218.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Vertical Research downgraded shares of Raytheon from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $216.00 to $203.00 in a research report on Tuesday, June 11th. ValuEngine downgraded shares of Raytheon from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. Finally, UBS Group upped their price objective on shares of Raytheon from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $210.80.

Shares of RTN stock traded up $4.25 on Friday, reaching $201.70. 1,198,273 shares of the company were exchanged, compared to its average volume of 1,436,589. The company has a market cap of $55.53 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 1.54 and a beta of 0.85. The business has a 50-day moving average price of $184.36 and a 200 day moving average price of $180.91. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.35 and a current ratio of 1.46. Raytheon has a 1 year low of $144.27 and a 1 year high of $210.89.

Raytheon (NYSE:RTN) last released its earnings results on Thursday, July 25th. The aerospace company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.31. The business had revenue of $7.16 billion during the quarter, compared to analysts’ expectations of $7.02 billion. Raytheon had a net margin of 10.96% and a return on equity of 26.34%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.45 earnings per share. As a group, equities analysts anticipate that Raytheon will post 11.73 earnings per share for the current year.

Raytheon Profile

Raytheon Company develops integrated products, services, and solutions for the 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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