Northstar Group Inc. Acquires 190 Shares of Raytheon (RTN)

Northstar Group Inc. increased its holdings in shares of Raytheon (NYSE:RTN) by 4.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,132 shares of the aerospace company’s stock after purchasing an additional 190 shares during the quarter. Northstar Group Inc.’s holdings in Raytheon were worth $752,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc boosted its holdings in Raytheon by 0.9% during the third quarter. Vanguard Group Inc now owns 23,074,017 shares of the aerospace company’s stock worth $4,768,477,000 after purchasing an additional 212,408 shares during the last quarter. BlackRock Inc. boosted its holdings in Raytheon by 1.3% during the fourth quarter. BlackRock Inc. now owns 22,838,110 shares of the aerospace company’s stock worth $3,502,223,000 after purchasing an additional 288,392 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Raytheon by 8,792.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,674,238 shares of the aerospace company’s stock worth $63,000 after purchasing an additional 9,565,442 shares during the last quarter. Macquarie Group Ltd. raised its position in Raytheon by 11.3% during the fourth quarter. Macquarie Group Ltd. now owns 3,975,205 shares of the aerospace company’s stock worth $609,599,000 after acquiring an additional 402,785 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its position in Raytheon by 9.4% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,880,490 shares of the aerospace company’s stock worth $595,074,000 after acquiring an additional 334,298 shares in the last quarter. Institutional investors and hedge funds own 75.81% of the company’s stock.

RTN has been the topic of several analyst reports. Citigroup dropped their price target on shares of Raytheon from $230.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday, January 14th. Susquehanna Bancshares initiated coverage on shares of Raytheon in a research report on Thursday, January 10th. They set a “positive” rating and a $187.00 price target on the stock. Alembic Global Advisors raised shares of Raytheon from a “neutral” rating to an “overweight” rating and set a $214.00 price target on the stock in a research report on Tuesday, February 5th. ValuEngine lowered shares of Raytheon from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Finally, Argus reaffirmed a “buy” rating and set a $200.00 price target on shares of Raytheon in a research report on Friday, February 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Raytheon presently has an average rating of “Buy” and a consensus price target of $213.46.

In other news, CAO Michael J. Wood sold 3,501 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $183.86, for a total value of $643,693.86. Following the transaction, the chief accounting officer now directly owns 19,217 shares of the company’s stock, valued at $3,533,237.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael J. Wood sold 427 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $177.58, for a total transaction of $75,826.66. Following the completion of the transaction, the vice president now directly owns 13,165 shares in the company, valued at $2,337,840.70. The disclosure for this sale can be found here. Insiders sold 21,657 shares of company stock worth $3,940,619 over the last three months. Insiders own 0.19% of the company’s stock.

NYSE RTN opened at $182.36 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.37 and a current ratio of 1.46. Raytheon has a 1 year low of $144.27 and a 1 year high of $229.75. The firm has a market cap of $51.47 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.39 and a beta of 0.99.

Raytheon (NYSE:RTN) last posted its quarterly earnings results on Thursday, January 31st. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.89 by $0.04. The firm had revenue of $7.36 billion for the quarter, compared to analyst estimates of $7.50 billion. Raytheon had a net margin of 10.75% and a return on equity of 25.81%. During the same period in the prior year, the firm posted $2.03 earnings per share. Equities research analysts anticipate that Raytheon will post 11.59 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Wednesday, April 10th will be given a $0.9425 dividend. The ex-dividend date is Tuesday, April 9th. This is a positive change from Raytheon’s previous quarterly dividend of $0.87. This represents a $3.77 annualized dividend and a dividend yield of 2.07%. Raytheon’s dividend payout ratio is presently 35.53%.

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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.

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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