Shares of Raytheon (NYSE:RTN) have received a consensus rating of Buy from the twenty-one analysts that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $219.06.
Several analysts have recently commented on the company. Zacks Investment Research lowered Raytheon from a buy rating to a hold rating in a report on Wednesday, June 27th. ValuEngine lowered Raytheon from a buy rating to a hold rating in a report on Friday, June 15th. Credit Suisse Group reiterated a neutral rating and set a $219.00 price objective (down previously from $250.00) on shares of Raytheon in a report on Tuesday, May 22nd. Wolfe Research upgraded Raytheon from a market perform rating to an outperform rating in a report on Tuesday, May 8th. Finally, Cowen reiterated a buy rating and set a $235.00 price objective on shares of Raytheon in a report on Tuesday, April 17th.
In other Raytheon news, Director Vernon E. Clark sold 1,000 shares of the stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $212.52, for a total transaction of $212,520.00. Following the sale, the director now directly owns 6,588 shares of the companys stock, valued at approximately $1,400,081.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dinesh C. Paliwal purchased 1,219 shares of the businesss stock in a transaction on Monday, April 30th. The shares were bought at an average cost of $205.00 per share, for a total transaction of $249,895.00. Following the completion of the transaction, the director now directly owns 2,752 shares in the company, valued at approximately $564,160. The disclosure for this purchase can be found here. Over the last three months, insiders sold 3,862 shares of company stock worth $816,748. 0.19% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Rainier Group Investment Advisory LLC acquired a new stake in Raytheon during the 1st quarter worth about $103,000. Lipe & Dalton purchased a new stake in shares of Raytheon during the 1st quarter worth about $108,000. Bray Capital Advisors purchased a new stake in shares of Raytheon during the 1st quarter worth about $113,000. Stelac Advisory Services LLC purchased a new stake in shares of Raytheon during the 1st quarter worth about $136,000. Finally, Litman Gregory Asset Management LLC purchased a new stake in shares of Raytheon during the 1st quarter worth about $167,000. 72.69% of the stock is currently owned by institutional investors.
Raytheon traded up $0.64, reaching $195.03, during mid-day trading on Friday, Marketbeat Ratings reports. 871,753 shares of the company were exchanged, compared to its average volume of 2,053,726. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 0.46. The firm has a market cap of $55.84 billion, a P/E ratio of 25.59, a P/E/G ratio of 1.71 and a beta of 0.69. Raytheon has a 12-month low of $162.74 and a 12-month high of $229.75.
Raytheon (NYSE:RTN) last issued its quarterly earnings data on Thursday, April 26th. The aerospace company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.10 by $0.10. Raytheon had a return on equity of 22.69% and a net margin of 8.40%. The firm had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same quarter in the prior year, the business posted $1.74 EPS. The businesss revenue for the quarter was up 4.4% compared to the same quarter last year. equities analysts expect that Raytheon will post 9.87 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 2nd. Investors of record on Wednesday, July 11th will be given a $0.8675 dividend. This represents a $3.47 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, July 10th. Raytheons payout ratio is 45.54%.
This article provided by NewsEdge.