Stock is up at $181.54 (RTN) Raytheon partners with Ducommun to build…

Raytheon (NYSE:RTN) last issued its quarterly earnings data on Thursday, July 27th. The dividend was $0.798 per share for the quarter which is $3.19 annualized. The business had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.24 billion. As a result, Raytheon Company attained a Profit Margin of 8.70% *. The company's quarterly revenue was down 1.4% on a year-over-year basis. During the same period previous year, the business posted $2.38 earnings per share. Finally, Tarbox Family Office Inc. increased its position in shares of Raytheon by 1,666.7% during the second quarter. Jefferies Group also issued estimates for Raytheon Company's Q2 2017 earnings at $1.88 EPS, Q3 2017 earnings at $1.90 EPS and Q4 2017 earnings at $2.06 EPS.

A number of analysts have recently issued reports on the company. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Zacks Investment Research cut shares of Raytheon Company from a "buy" rating to a "hold" rating in a report on Friday, January 20th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Raytheon Company presently has an average rating of "Buy" and a consensus price target of $156.16.

The company is now up since yesterday's close of 181.3. It has twelve month low of $132.89 and twelve month high of $184.17. The company has market capitalization of $52.74B. However, it is a general misunderstanding that a higher share price points towards a larger company where stock price might also misrepresent the definite worth of the organization. This dividend amount was represent a yeild of $1.76. The ex-dividend date of this dividend is Friday, December 30th.

At present, Raytheon Company has a PE ratio of 25.08 with a forward P/E of 21.43 *.

The shares outstanding for Raytheon Company is levered at 291.7 *. The stock was sold at an average price of $181.94, for a total transaction of $90,970.00. Following the purchase, the director now owns 4,303 shares in the company, valued at approximately $740,072.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Nisa Investment Advisors LLC now owns 117,944 shares of the company's stock valued at $16,034,000 after buying an additional 16,572 shares during the last quarter. HM Capital Management LLC lifted its stake in shares of Raytheon by 0.5% in the 2nd quarter. As of the last earnings report the EPS was $7.24 and is projected to be $7.59 for the current year with 290,248,000 shares now outstanding. Jacobi Capital Management LLC now owns 757 shares of the aerospace company's stock valued at $114,000 after purchasing an additional 553 shares during the period. Candriam Luxembourg S.C.A. raised its stake in shares of Raytheon Company by 15.4% in the second quarter. The firm owned 283,932 shares of the aerospace company's stock after selling 144,506 shares during the period. St. Johns Investment Management Company LLC bought a new stake in shares of Raytheon during the second quarter valued at approximately $113,000. Park National Corp OH now owns 1,769 shares of the aerospace company's stock valued at $286,000 after purchasing an additional 18 shares during the period.

"As one of America's best technology manufacturers, Ducommun brings the right expertise to the NSM program", said Mike Jarrett, Raytheon Air Warfare Systems vice president. 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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