Mission Wealth Management LP Purchases 206 Shares of Raytheon (NYSE:RTN)

Mission Wealth Management LP lifted its position in shares of Raytheon (NYSE:RTN) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,402 shares of the aerospace company’s stock after purchasing an additional 206 shares during the period. Mission Wealth Management LP’s holdings in Raytheon were worth $528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Liberty Wealth Management LLC increased its position in Raytheon by 312.5% during the 3rd quarter. Liberty Wealth Management LLC now owns 132 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Bridger Capital Management LLC bought a new position in Raytheon in the 3rd quarter worth $26,000. Garrett Wealth Advisory Group LLC purchased a new stake in shares of Raytheon in the 3rd quarter worth about $32,000. Sound Income Strategies LLC lifted its position in shares of Raytheon by 95.3% in the 3rd quarter. Sound Income Strategies LLC now owns 166 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 81 shares during the period. Finally, First Financial Corp IN purchased a new stake in shares of Raytheon in the 3rd quarter worth about $33,000. 74.45% of the stock is currently owned by institutional investors.

Shares of Raytheon stock opened at $228.99 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.54 and a quick ratio of 1.44. The company has a 50-day moving average of $222.12 and a 200 day moving average of $201.99. The firm has a market cap of $64.42 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.68 and a beta of 0.88. Raytheon has a 1 year low of $162.67 and a 1 year high of $233.48.

Raytheon (NYSE:RTN) last posted its quarterly earnings data on Thursday, October 24th. The aerospace company reported $3.08 EPS for the quarter, topping the consensus estimate of $2.86 by $0.22. Raytheon had a net margin of 11.47% and a return on equity of 27.23%. The business had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the previous year, the firm posted $2.25 earnings per share. Raytheon’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts anticipate that Raytheon will post 11.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Tuesday, January 7th. Raytheon’s dividend payout ratio is 35.53%.

In related news, Director Tracy A. Atkinson sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $215.48, for a total transaction of $107,740.00. Following the completion of the transaction, the director now owns 4,376 shares of the company’s stock, valued at approximately $942,940.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen J. Hadley sold 1,900 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $232.00, for a total value of $440,800.00. Following the transaction, the director now owns 8,750 shares of the company’s stock, valued at $2,030,000. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on the stock. ValuEngine cut shares of Raytheon from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Credit Suisse Group increased their price target on shares of Raytheon from $230.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Sanford C. Bernstein raised their price objective on shares of Raytheon from $212.00 to $225.00 and gave the stock a “positive” rating in a report on Friday, October 25th. Wolfe Research set a $221.00 price objective on Raytheon and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, UBS Group upped their target price on Raytheon from $230.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $221.80.

Raytheon Company 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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