HM Payson & Co. Has $26.94 Million Stake in Raytheon (NYSE:RTN)

HM Payson & Co. lifted its position in shares of Raytheon (NYSE:RTN) by 13.3% during the 4th quarter, HoldingsChannel reports. The fund owned 122,595 shares of the aerospace company’s stock after purchasing an additional 14,406 shares during the period. HM Payson & Co.’s holdings in Raytheon were worth $26,939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Voloridge Investment Management LLC raised its position in shares of Raytheon by 129.8% in the 3rd quarter. Voloridge Investment Management LLC now owns 59,549 shares of the aerospace company’s stock worth $11,683,000 after acquiring an additional 33,631 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of Raytheon in the 4th quarter worth about $2,412,000. Palisade Asset Management LLC raised its position in shares of Raytheon by 3.6% in the 4th quarter. Palisade Asset Management LLC now owns 8,156 shares of the aerospace company’s stock worth $1,792,000 after acquiring an additional 280 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. bought a new position in shares of Raytheon in the 4th quarter worth about $8,567,000. Finally, Aviance Capital Partners LLC raised its position in shares of Raytheon by 34.5% in the 4th quarter. Aviance Capital Partners LLC now owns 5,035 shares of the aerospace company’s stock worth $1,106,000 after acquiring an additional 1,292 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

RTN traded up $7.73 during midday trading on Thursday, reaching $152.51. 657,145 shares of the company were exchanged, compared to its average volume of 4,829,277. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.27 and a current ratio of 1.34. The company’s fifty day moving average price is $188.64 and its 200 day moving average price is $206.77. The company has a market cap of $37.19 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. Raytheon has a one year low of $103.00 and a one year high of $233.48.

Raytheon (NYSE:RTN) last issued its quarterly earnings data on Thursday, January 30th. The aerospace company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.05. The firm had revenue of $7.84 billion during the quarter, compared to analyst estimates of $8 billion. Raytheon had a return on equity of 27.22% and a net margin of 11.46%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.93 EPS. As a group, sell-side analysts anticipate that Raytheon will post 12.51 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the company. Citigroup lowered Raytheon from an “overweight” rating to a “neutral” rating in a research report on Wednesday, February 19th. They noted that the move was a valuation call. Credit Suisse Group lifted their price objective on Raytheon from $235.00 to $257.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. UBS Group lifted their price objective on Raytheon from $230.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. ValuEngine raised Raytheon from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Alembic Global Advisors lowered Raytheon from an “overweight” rating to a “neutral” rating and set a $244.00 target price for the company. in a research report on Wednesday, February 19th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $229.60.

In other Raytheon news, VP Randa G. Newsome sold 6,806 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $224.12, for a total transaction of $1,525,360.72. Following the completion of the sale, the vice president now directly owns 17,396 shares of the company’s stock, valued at approximately $3,898,791.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen J. Hadley sold 1,900 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $232.00, for a total value of $440,800.00. Following the sale, the director now directly owns 8,750 shares of the company’s stock, valued at $2,030,000. The disclosure for this sale can be found here. Insiders have sold a total of 11,921 shares of company stock valued at $2,686,707 over the last three months. Corporate insiders own 0.18% of the company’s stock.

Raytheon 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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