Psagot Investment House Ltd. Has $134,000 Stake in Raytheon (RTN)

Psagot Investment House Ltd. grew its holdings in shares of Raytheon (NYSE:RTN) by 4,900.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 650 shares of the aerospace company’s stock after buying an additional 637 shares during the quarter. Psagot Investment House Ltd.’s holdings in Raytheon were worth $134,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Addison Capital Co grew its stake in shares of Raytheon by 16.1% during the third quarter. Addison Capital Co now owns 1,799 shares of the aerospace company’s stock valued at $372,000 after buying an additional 250 shares during the last quarter. Strategic Advisors LLC grew its stake in shares of Raytheon by 21.8% during the second quarter. Strategic Advisors LLC now owns 1,532 shares of the aerospace company’s stock valued at $296,000 after buying an additional 274 shares during the last quarter. ST Germain D J Co. Inc. grew its stake in shares of Raytheon by 16.5% during the second quarter. ST Germain D J Co. Inc. now owns 1,941 shares of the aerospace company’s stock valued at $375,000 after buying an additional 275 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Raytheon by 2.9% during the second quarter. Daiwa Securities Group Inc. now owns 10,102 shares of the aerospace company’s stock valued at $1,952,000 after buying an additional 283 shares during the last quarter. Finally, Argus Investors Counsel Inc. grew its stake in shares of Raytheon by 18.3% during the third quarter. Argus Investors Counsel Inc. now owns 1,827 shares of the aerospace company’s stock valued at $378,000 after buying an additional 283 shares during the last quarter. 73.24% of the stock is currently owned by hedge funds and other institutional investors.

Raytheon stock opened at $186.66 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.42. The firm has a market cap of $52.59 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 1.38 and a beta of 0.84. Raytheon has a twelve month low of $165.00 and a twelve month high of $229.75.

Raytheon (NYSE:RTN) last posted its earnings results on Thursday, October 25th. The aerospace company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.28. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.67 billion. Raytheon had a return on equity of 24.43% and a net margin of 9.33%. During the same quarter in the prior year, the business earned $1.97 earnings per share. Analysts anticipate that Raytheon will post 10.1 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 8th. Shareholders of record on Wednesday, October 10th were issued a dividend of $0.8675 per share. The ex-dividend date was Tuesday, October 9th. This represents a $3.47 dividend on an annualized basis and a yield of 1.86%. Raytheon’s dividend payout ratio is currently 45.54%.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $224.00 price objective on the stock in a research note on Wednesday, July 18th. Wells Fargo & Co dropped their price objective on Raytheon from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. Bank of America dropped their price objective on Raytheon from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Morgan Stanley dropped their price objective on Raytheon from $239.00 to $228.00 and set an “overweight” rating on the stock in a research note on Thursday, July 12th. Finally, Stifel Nicolaus dropped their price objective on Raytheon from $235.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, July 27th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $231.08.

In other Raytheon news, VP Taylor W. Lawrence sold 3,299 shares of the company’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $199.41, for a total transaction of $657,853.59. Following the completion of the sale, the vice president now owns 44,220 shares in the company, valued at $8,817,910.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.19% of the stock is owned by corporate insiders.

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Raytheon Profile

Raytheon Company develops integrated products, services, and solutions for 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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