Raytheon Company (NYSE:RTN).
Gateway Investment Advisers LLC says it increased its investment in Raytheon Company by 23.4% in the last quarter. Its position was valued at $50,474,000 an increase of 30.7% according to the filing.
Here are a few additional firms who have increased or decreased their stake in (RTN). Pennsylvania Trust Co augmented its stake by buying 13,730 shares an increase of 29.2% in the quarter. Pennsylvania Trust Co claims 60,700 shares with a value of $9,806,000. The value of the position overall is up by 36.9%. As of quarter end Narwhal Capital Management had bought a total of 3,600 shares growing its stake by 10.0%. The value in dollars increased from $5,487,000 to $6,391,000 a change of $904,000 for the reporting period.
Nepsis Capital Management, Inc. downsized its holdings by selling 5,593 shares a decrease of 14.6% from 03/31/2017 to 06/30/2017. Nepsis Capital Management, Inc. controls 32,732 shares valued at $5,285,000. The total value of its holdings decreased 9.6%.
On October 28 analysts at Vertical Research began coverage of the stock with a rating of “Buy”. Baird initiated coverage on the stock by announcing an initial rating of “Outperform” and setting a price target of $170.00.
On September 6 Citigroup held the stock rating at “Buy” and raised the price expectation from $124.00 to $170.00. May 2 investment analysts at Bernstein kept the company rating at “Neutral” and lowered the price target to $131.00 from $132.00.
On April 4, 2016 Guggenheim Securities released its first research report on the stock with an initial rating of “Buy”. On January 29 Credit Suisse maintained a company rating of “Outperform” but raised the price target to $138.00 from $122.18.
The company is now up by 0.37 percent from yesterday’s close. Additionally the company declared a dividend for shareholders to be paid on Thursday August 3rd, 2017. The dividend payment will be $0.798 per share for the quarter or $3.19 on an annualized basis. The dividend yield will be $1.92. The ex-dividend date will be on Monday the 10th of April 2017.
It is currently trading at $167.16 a tad higher than $161.46, the stock’s 50 day moving average and a tad above the 200 day moving average of $153.27. The 50 day moving average was up by +3.44% and the 200 day average went up $13.74 or +8.96%.
The company currently has a P/E ratio of 21.52 and market capitalization is 48.61B. As of the last earnings report the EPS was $7.76 and is expected to be $7.48 for the current year with 291,074,000 shares presently outstanding. Next quarter’s EPS is estimated at $1.91 and the next full year EPS is anticipated to be $8.39.