Raytheon (RTN) Shares Bought by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT raised its holdings in Raytheon (NYSE:RTN) by 14.1% during the third quarter, HoldingsChannel.com reports. The firm owned 178,416 shares of the aerospace company’s stock after purchasing an additional 22,069 shares during the period. Raytheon makes up 1.3% of Bradley Foster & Sargent Inc. CT’s holdings, making the stock its 23rd biggest holding. Bradley Foster & Sargent Inc. CT’s holdings in Raytheon were worth $36,871,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Legacy Capital Partners Inc. raised its position in Raytheon by 11.5% in the third quarter. Legacy Capital Partners Inc. now owns 8,369 shares of the aerospace company’s stock valued at $1,729,000 after purchasing an additional 860 shares during the period. Bridgewater Associates LP purchased a new stake in Raytheon in the second quarter valued at $9,051,000. Rice Partnership LLC raised its position in Raytheon by 13.4% in the second quarter. Rice Partnership LLC now owns 15,749 shares of the aerospace company’s stock valued at $3,042,000 after purchasing an additional 1,857 shares during the period. FMR LLC raised its position in Raytheon by 3.6% in the second quarter. FMR LLC now owns 8,242,330 shares of the aerospace company’s stock valued at $1,592,253,000 after purchasing an additional 283,720 shares during the period. Finally, Investment Partners LTD. purchased a new stake in Raytheon in the third quarter valued at $207,000. Institutional investors own 72.96% of the company’s stock.

In other news, VP Taylor W. Lawrence sold 3,299 shares of Raytheon stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $199.41, for a total value of $657,853.59. Following the completion of the sale, the vice president now directly owns 44,220 shares of the company’s stock, valued at $8,817,910.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.19% of the company’s stock.



A number of equities research analysts have commented on RTN shares. Morgan Stanley reduced their target price on Raytheon from $239.00 to $228.00 and set an “overweight” rating on the stock in a research report on Thursday, July 12th. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $224.00 price objective for the company in a research note on Wednesday, July 18th. Stifel Nicolaus dropped their price objective on Raytheon from $235.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, July 27th. UBS Group began coverage on Raytheon in a research note on Wednesday, August 15th. They issued a “buy” rating and a $250.00 price objective for the company. Finally, Bank of America dropped their price objective on Raytheon from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $231.08.

Shares of NYSE RTN opened at $175.04 on Thursday. Raytheon has a twelve month low of $165.00 and a twelve month high of $229.75. The company has a quick ratio of 1.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $49.27 billion, a PE ratio of 22.97, a PEG ratio of 1.29 and a beta of 0.68.

Raytheon (NYSE:RTN) last issued its quarterly earnings data on Thursday, October 25th. The aerospace company reported $2.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.97 by $0.28. Raytheon had a return on equity of 24.43% and a net margin of 9.33%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.67 billion. During the same period in the previous year, the firm posted $1.97 earnings per share. As a group, research analysts anticipate that Raytheon will post 10.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 8th. Stockholders of record on Wednesday, October 10th will be paid a $0.8675 dividend. The ex-dividend date of this dividend is Tuesday, October 9th. This represents a $3.47 dividend on an annualized basis and a dividend yield of 1.98%. Raytheon’s payout ratio is presently 45.54%.

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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