The Raytheon Company (RTN) is Cullen Capital Management LLC’s 5th Largest Position, Report finds

The Raytheon Company (RTN) is Cullen Capital Management LLC’s 5th Largest Position, Report finds

Other hedge funds and other institutional investors have also made changes to their positions in the company. Archford Capital Strategies LLC raised its position in shares of Raytheon Company by 0.3% in the second quarter. Archford Capital Strategies LLC now owns 2,898 shares of the company’s stock worth $394,000 after buying an additional 8 shares during the period. HM Capital Management LLC increased its stake in Raytheon Company by 0.5% in the third quarter. HM Capital Management LLC now owns 1,995 shares of the company’s stock worth $272,000 after buying an additional 10 shares in the last quarter. Founders Capital Management LLC increased its stake in Raytheon Company by 0.5% in the third quarter. Founders Capital Management LLC now owns 2,304 shares of the company’s stock worth $314,000 after buying an additional 12 shares in the last quarter. Ausdal Financial Partners Inc. increased its stake in Raytheon Company by 0.6% in the second quarter. Ausdal Financial Partners Inc. now owns 2,463 shares of the company’s stock worth $335,000 after buying an additional 15 shares in the last quarter. Finally, Vaughan David Investments Inc. IL increased its stake in Raytheon Company by 1.1% in the second quarter. Vaughan David Investments Inc. IL now owns 2,731 shares of the company’s stock worth $371,000 after buying an additional 29 shares in the last quarter. Institutional investors own 77.29% of the company’s stock.

Cullen Capital Management LLC decreased its position in Raytheon Company (NYSE:RTN) by 2.0% during the third quarter, Holdings Channel reports. The firm owned 683,550 shares of the company’s stock after selling 13,595 shares during the period. Raytheon Company comprises about 3.1% of Cullen Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Cullen Capital Management LLC’s holdings in Raytheon Company were worth $93,052,000 as of its most recent SEC filing.

Shares of Raytheon Company (NYSE:RTN) opened at 150.03 on Monday. Raytheon Company has a 1-year low of $119.38 and a 1-year high of $152.58. The stock’s 50 day moving average price is $146.10 and its 200 day moving average price is $142.17. The company has a market cap of $44.14 billion, a P/E ratio of 20.16 and a beta of 0.67.

Raytheon Company (NYSE:RTN) last posted its quarterly earnings results on Thursday, January 26th. The company reported $1.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.86 by $0.02. The company earned $6.20 billion during the quarter, compared to analyst estimates of $6.56 billion. Raytheon Company had a net margin of 9.19% and a return on equity of 19.77%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.85 EPS. Equities research analysts forecast that Raytheon Company will post $7.40 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 2nd. Stockholders of record on Wednesday, January 4th were paid a $0.7325 dividend. This represents a $2.93 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Friday, December 30th. Raytheon Company’s dividend payout ratio (DPR) is currently 39.38%.

RTN has been the topic of a number of research reports. Wells Fargo & Company reissued a “buy” rating on shares of Raytheon Company in a research note on Monday, November 14th. Vetr raised Raytheon Company from a “buy” rating to a “strong-buy” rating and set a $163.03 price objective on the stock in a research note on Thursday, January 26th. Zacks Investment Research downgraded Raytheon Company from a “buy” rating to a “hold” rating in a research note on Friday, January 20th. Jefferies Group LLC reissued a “buy” rating and issued a $163.00 price objective on shares of Raytheon Company in a research note on Tuesday, January 31st. Finally, Robert W. Baird reissued an “outperform” rating and issued a $170.00 price objective on shares of Raytheon Company in a research note on Friday, January 20th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $157.03.

In other news, VP Frank R. Jimenez sold 500 shares of the stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $142.00, for a total value of $71,000.00. Following the transaction, the vice president now owns 26,158 shares of the company’s stock, valued at approximately $3,714,436. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Raytheon Company Company Profile

Raytheon Company (Raytheon), together with its subsidiaries, is a technology company. The Company develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity.

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