Today The Raytheon Company (RTN) Stake Cut by TCI Wealth Advisors Inc.

Today The Raytheon Company (RTN) Stake Cut by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. decreased its position in Raytheon Company (NYSE:RTN) by 15.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,692 shares of the company’s stock after selling 321 shares during the period. TCI Wealth Advisors Inc.’s holdings in Raytheon Company were worth $230,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in Raytheon Company by 16.3% in the second quarter. Nisa Investment Advisors LLC now owns 117,944 shares of the company’s stock worth $16,034,000 after buying an additional 16,572 shares in the last quarter. LS Investment Advisors LLC increased its position in Raytheon Company by 96.8% in the second quarter. LS Investment Advisors LLC now owns 16,076 shares of the company’s stock worth $2,186,000 after buying an additional 7,906 shares in the last quarter. CIBC World Markets Inc. increased its position in Raytheon Company by 13.2% in the second quarter. CIBC World Markets Inc. now owns 129,172 shares of the company’s stock worth $17,561,000 after buying an additional 15,076 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Raytheon Company by 6.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 302,010 shares of the company’s stock worth $41,059,000 after buying an additional 18,074 shares in the last quarter. Finally, Pitcairn Co. increased its position in Raytheon Company by 5.1% in the second quarter. Pitcairn Co. now owns 1,717 shares of the company’s stock worth $233,000 after buying an additional 83 shares in the last quarter. 77.02% of the stock is currently owned by institutional investors.

Raytheon Company (NYSE:RTN) opened at 147.98 on Wednesday. Raytheon Company has a 52-week low of $117.80 and a 52-week high of $152.58. The company has a market capitalization of $43.45 billion, a P/E ratio of 19.76 and a beta of 0.64. The stock has a 50 day moving average of $145.22 and a 200-day moving average of $141.39.

Raytheon Company (NYSE:RTN) last released its quarterly earnings results on Thursday, October 27th. The company reported $1.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.15. Raytheon Company had a net margin of 9.26% and a return on equity of 19.98%. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $6.04 billion. During the same quarter last year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities analysts forecast that Raytheon Company will post $7.46 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 2nd. Stockholders of record on Wednesday, January 4th will be given a $0.7325 dividend. This represents a $2.93 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, December 30th. Raytheon Company’s dividend payout ratio is 39.12%.

A number of equities analysts have weighed in on RTN shares. Robert W. Baird started coverage on shares of Raytheon Company in a research note on Thursday, October 6th. They set an “outperform” rating and a $170.00 price target on the stock. Zacks Investment Research lowered shares of Raytheon Company from a “hold” rating to a “sell” rating in a research report on Monday, October 17th. Vertical Research started coverage on shares of Raytheon Company in a research report on Friday, October 28th. They issued a “buy” rating and a $154.00 price objective for the company. Deutsche Bank AG increased their price objective on shares of Raytheon Company from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Friday, October 28th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Raytheon Company in a research report on Monday, November 14th. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $156.37.

Raytheon Company 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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