Raytheon (NYSE:RTN) VP Frank R. Jimenez sold 1,496 shares of Raytheon stock in a transaction on Friday, March 29th. The stock was sold at an average price of $181.58, for a total value of $271,643.68. Following the sale, the vice president now owns 28,613 shares of the company’s stock, valued at $5,195,548.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE RTN traded up $0.06 during trading hours on Friday, reaching $177.43. The stock had a trading volume of 2,048,065 shares, compared to its average volume of 1,956,448. The firm has a market cap of $52.94 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.43 and a beta of 0.99. Raytheon has a 52-week low of $144.27 and a 52-week high of $214.76. The company has a quick ratio of 1.37, a current ratio of 1.46 and a debt-to-equity ratio of 0.41.
Raytheon (NYSE:RTN) last issued its earnings results on Thursday, April 25th. The aerospace company reported $2.77 EPS for the quarter, beating the Zacks’ consensus estimate of $2.45 by $0.32. Raytheon had a return on equity of 25.81% and a net margin of 10.75%. The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the prior year, the firm earned $2.20 earnings per share. Raytheon’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts expect that Raytheon will post 11.59 earnings per share for the current year.
Several analysts recently weighed in on RTN shares. Zacks Investment Research downgraded Raytheon from a “buy” rating to a “hold” rating in a report on Monday, December 31st. ValuEngine downgraded Raytheon from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Susquehanna Bancshares started coverage on Raytheon in a report on Thursday, January 10th. They issued a “positive” rating and a $187.00 price objective for the company. Citigroup decreased their price objective on Raytheon from $230.00 to $208.00 and set a “buy” rating for the company in a report on Monday, January 14th. Finally, Argus restated a “buy” rating and issued a $200.00 price objective on shares of Raytheon in a report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $209.92.
A number of large investors have recently made changes to their positions in RTN. JPMorgan Chase & Co. lifted its holdings in Raytheon by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 1,039,876 shares of the aerospace company’s stock valued at $214,900,000 after acquiring an additional 99,186 shares during the period. Martingale Asset Management L P raised its stake in shares of Raytheon by 3.2% during the 3rd quarter. Martingale Asset Management L P now owns 249,803 shares of the aerospace company’s stock worth $51,625,000 after buying an additional 7,810 shares during the period. Standard Life Aberdeen plc raised its stake in shares of Raytheon by 64.9% during the 3rd quarter. Standard Life Aberdeen plc now owns 1,950,068 shares of the aerospace company’s stock worth $403,010,000 after buying an additional 767,198 shares during the period. New Vernon Investment Management LLC acquired a new position in shares of Raytheon during the 3rd quarter worth approximately $579,000. Finally, Integrated Wealth Concepts LLC raised its stake in shares of Raytheon by 28.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,424 shares of the aerospace company’s stock worth $296,000 after buying an additional 313 shares during the period. 75.86% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: “Insider Selling: Raytheon (NYSE:RTN) VP Sells 1,496 Shares of Stock” was originally reported by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.baseballdailydigest.com/news/2019/04/26/frank-r-jimenez-sells-1496-shares-of-raytheon-rtn-stock.html.
Raytheon Company 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.
Featured Story: Day Trading – Risk Worth the Reward?
Receive News & Ratings for Raytheon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon and related companies with MarketBeat.com's FREE daily email newsletter.