A Director at Raytheon (RTN) is Selling Shares


Today, a Director at Raytheon (NYSE: RTN), Vernon Clark, sold shares of RTN for $212.5K.

Following Vernon Clark’s last RTN Sell transaction on August 15, 2017, the stock climbed by 36.3%. In addition to Vernon Clark, one other RTN executive reported Sell trades in the last month.

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Based on Raytheon’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $6.27 billion and quarterly net profit of $633 million. In comparison, last year the company earned revenue of $6 billion and had a net profit of $506 million. RTN’s market cap is $60.98B and the company has a P/E ratio of 28.67. Currently, Raytheon has an average volume of 1.56M.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $238.75, reflecting a -12.3% downside.

In the last 30 days, insiders have sold $212.5K worth of RTN shares and purchased $249.9K worth of RTN shares. The insider sentiment on Raytheon has been positive according to 93 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Raytheon Co. engages in the development and manufacture of defense and security solutions. It operates through the following segments: Integrated Defense Systems; Intelligence, Information, and Services (IIS); Missile Systems; Space and Airborne Systems (SAS); Forcepoint; and Corporate.

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