Trading Report: The Raytheon Co. (RTN) Position Held by Blue Fin Capital Inc.

The Raytheon Co. (RTN) Position Held by Blue Fin Capital Inc.

Blue Fin Capital Inc. maintained its stake in shares of Raytheon Co. (NYSE:RTN) during the second quarter, Holdings Channel reports. The firm owned 10,490 shares of the company’s stock at the end of the second quarter. Raytheon accounts for about 1.2% of Blue Fin Capital Inc.’s investment portfolio, making the stock its 26th largest position. Blue Fin Capital Inc.’s holdings in Raytheon were worth $1,426,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RTN. Quadrant Capital Group LLC increased its position in shares of Raytheon by 5.6% in the second quarter. Quadrant Capital Group LLC now owns 1,022 shares of the company’s stock valued at $131,000 after buying an additional 54 shares in the last quarter. Integrated Investment Consultants LLC increased its position in shares of Raytheon by 11.5% in the second quarter. Integrated Investment Consultants LLC now owns 1,135 shares of the company’s stock valued at $154,000 after buying an additional 117 shares in the last quarter. Foundry Partners LLC bought a new position in shares of Raytheon during the second quarter valued at about $201,000. Dowling & Yahnke LLC bought a new position in shares of Raytheon during the second quarter valued at about $203,000. Finally, Barry Investment Advisors LLC bought a new position in shares of Raytheon during the second quarter valued at about $206,000. 77.89% of the stock is currently owned by institutional investors and hedge funds.

Raytheon Co. (NYSE:RTN) traded down 0.10% during trading on Monday, reaching $137.20. 672,914 shares of the company’s stock were exchanged. The company has a market capitalization of $40.49 billion, a PE ratio of 19.17 and a beta of 0.64. The company’s 50-day moving average is $138.29 and its 200-day moving average is $134.60. Raytheon Co. has a 1-year low of $110.37 and a 1-year high of $143.39.

Raytheon (NYSE:RTN) last posted its earnings results on Thursday, July 28th. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.64. Raytheon had a net margin of 9.02% and a return on equity of 19.26%. The business had revenue of $6 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period last year, the business posted $1.65 EPS. Raytheon’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts expect that Raytheon Co. will post $7.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Wednesday, October 5th will be paid a $0.7325 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $2.93 dividend on an annualized basis and a yield of 2.13%. Raytheon’s payout ratio is presently 40.86%.

Several brokerages recently issued reports on RTN. Jefferies Group lifted their price objective on Raytheon from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Credit Suisse Group AG restated a “buy” rating and set a $151.00 price objective on shares of Raytheon in a research report on Friday, July 29th. Zacks Investment Research upgraded Raytheon from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a research report on Monday, July 4th. JPMorgan Chase & Co. set a $145.00 price objective on Raytheon and gave the stock a “buy” rating in a research report on Friday, July 29th. Finally, Argus restated a “buy” rating and set a $161.00 price objective on shares of Raytheon in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $174.67.

In related news, Director Vernon E. Clark sold 2,540 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $141.01, for a total value of $358,165.40. Following the transaction, the director now directly owns 7,246 shares in the company, valued at approximately $1,021,758.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.21% of the stock is currently owned by corporate insiders.

Raytheon Company Profile

Raytheon Company (Raytheon), together with its subsidiaries, is a technology company. The Company develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity.

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