Koshinski Asset Management Inc. Buys 3,630 Shares of Raytheon (RTN)

Koshinski Asset Management Inc. lifted its stake in Raytheon (NYSE:RTN) by 75.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,460 shares of the aerospace company’s stock after purchasing an additional 3,630 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Raytheon were worth $1,589,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RTN. National Pension Service increased its stake in Raytheon by 2.9% during the fourth quarter. National Pension Service now owns 266,584 shares of the aerospace company’s stock worth $50,078,000 after acquiring an additional 7,450 shares during the last quarter. NEXT Financial Group Inc increased its stake in Raytheon by 30.1% during the fourth quarter. NEXT Financial Group Inc now owns 2,797 shares of the aerospace company’s stock worth $525,000 after acquiring an additional 647 shares during the last quarter. E&G Advisors LP acquired a new stake in Raytheon during the fourth quarter worth $441,000. Bank of Montreal Can increased its stake in Raytheon by 9.8% during the fourth quarter. Bank of Montreal Can now owns 523,574 shares of the aerospace company’s stock worth $98,355,000 after acquiring an additional 46,677 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in Raytheon by 8.2% during the fourth quarter. Private Trust Co. NA now owns 8,380 shares of the aerospace company’s stock worth $1,574,000 after acquiring an additional 635 shares during the last quarter. 73.26% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on RTN. Wells Fargo & Co reissued an “outperform” rating and set a $215.00 target price (up previously from $202.00) on shares of Raytheon in a research note on Tuesday. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $217.00 target price for the company in a research note on Friday, January 12th. Stifel Nicolaus reissued a “buy” rating and set a $210.00 target price on shares of Raytheon in a research note on Tuesday, January 9th. ValuEngine raised Raytheon from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, JPMorgan Chase & Co. cut Raytheon from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $190.00 to $210.00 in a research note on Tuesday, December 12th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $204.12.

In other news, Director Stephen J. Hadley sold 800 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $190.27, for a total transaction of $152,216.00. Following the completion of the transaction, the director now directly owns 11,360 shares in the company, valued at $2,161,467.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Frank R. Jimenez sold 175 shares of the firm’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $189.13, for a total value of $33,097.75. Following the transaction, the vice president now owns 28,311 shares of the company’s stock, valued at $5,354,459.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,895 shares of company stock valued at $357,215. Company insiders own 0.19% of the company’s stock.

Raytheon (NYSE RTN) traded up $1.62 on Wednesday, hitting $197.35. The stock had a trading volume of 711,167 shares, compared to its average volume of 1,240,000. Raytheon has a 1-year low of $141.28 and a 1-year high of $199.75. The stock has a market capitalization of $57,060.00, a price-to-earnings ratio of 26.56, a P/E/G ratio of 2.73 and a beta of 0.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.55 and a current ratio of 1.66.

Raytheon (NYSE:RTN) last released its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.90 by $0.07. Raytheon had a return on equity of 20.98% and a net margin of 8.77%. The business had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the business posted $1.79 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. research analysts expect that Raytheon will post 7.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.7975 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $3.19 annualized dividend and a dividend yield of 1.62%. Raytheon’s dividend payout ratio is currently 42.93%.

Raytheon declared that its board has initiated a share buyback plan on Wednesday, November 15th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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Raytheon Company Profile

Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.

Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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