RTN - Raytheon Company

NYSE - NYSE Delayed Price. Currency in USD
180.56
+1.99 (+1.11%)
At close: 4:03PM EDT
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Previous Close178.57
Open178.52
Bid165.00 x 800
Ask180.68 x 800
Day's Range177.87 - 181.15
52 Week Range144.27 - 210.89
Volume1,646,024
Avg. Volume2,109,719
Market Cap50.293B
Beta (3Y Monthly)1.02
PE Ratio (TTM)16.84
EPS (TTM)10.72
Earnings DateJul 25, 2019
Forward Dividend & Yield3.77 (2.11%)
Ex-Dividend Date2019-07-09
1y Target Est208.64
Trade prices are not sourced from all markets
  • Market Realist16 hours ago

    Why Boeing Investors Should Have India on Their Radar

    Boeing and Lockheed Martin are competing for a $15 billion order. Defense spending is expected to increase as India's armed forces modernize.

  • Defense Stock Due to Break Out
    Schaeffer's Investment Research17 hours ago

    Defense Stock Due to Break Out

    Shares of RTN have struggled to push above $185 this year, but a breakout could be imminent

  • Barrons.comyesterday

    United Technologies Is Set to Report Earnings on Tuesday. Here’s What to Expect.

    The second quarter was eventful for the aerospace industry and for United Technologies. So there is a lot for investors to think about in the second half of 2019.

  • Biggest Defense Companies in the Stock Market
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  • Lockheed Martin, Northrop, Raytheon To Report As Defense Stocks Surge
    Investor's Business Daily4 days ago

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  • PR Newswire4 days ago

    Raytheon and UK Ministry of Defence team to develop new UK space capabilities

    Team ARTEMIS Industry will build foundation for future UK space defence programmes LONDON , July 19, 2019 /PRNewswire/ -- Raytheon (NYSE: RTN) today signed a Memorandum of Understanding with the UK Ministry ...

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    American City Business Journals4 days ago

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  • Trump Balks At Turkey Sanctions Despite U.S. Law On Russian Weapons
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  • Reuters5 days ago

    U.S. Senate expected to confirm Trump's second Secretary of Defense next week

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  • Aviation Is the Rope in the Tug of War Over GE Stock
    InvestorPlace5 days ago

    Aviation Is the Rope in the Tug of War Over GE Stock

    After a big rally, General Electric (NYSE:GE) stock has stalled out. General Electric stock has traded sideways for about a four and half months now, staying mostly in a range between $9 and $10.25.Source: Shutterstock It's not terribly difficult to see why that is. After a long decline over the last few years - including two dividend cuts - investors and analysts don't entirely trust General Electric stock. To some, including InvestorPlace columnist Dana Blankenhorn, GE's debt and pension liabilities suggest years of pain ahead. To others, the long-awaited turnaround is at hand. * 7 Stocks Top Investors Are Buying Now Increasingly, it seems like it will be GE Aviation that determines whether the bulls or bears will prove correct. That's not terribly surprising, of course: Aviation is GE's most profitable, and likely its most valuable, business. It generated roughly 60% of the company's segment-level profit last year, according to General Electric's 10-K filing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the gap between bulls' and bears' views of what Aviation truly is worth appears to be widening. The issues at Boeing (NYSE:BA) add a dose of uncertainty to the debate. Skeptics and believers see the unit's performance at the recent Paris Air Show very differently. Indeed, they see the future of the unit very differently.Heading into the second half of 2019, with GE's Q2 earnings two weeks away, it seems likely that the continuing argument over GE stock is going to come down to GE Aviation. A Big Win for GE AviationOn its face, the Paris Air Show last month - the industry's biggest event - seems like a win for General Electric. GE Aviation and its joint venture booked a record combined $55 billion in orders, per a company press release. That was up from $31 billion the year before.Obviously, that $55 billion isn't turning into revenue in 2020 or even necessarily by 2025. But with commercial aircraft demand still strong, it suggests that GE Aviation at worst is keeping pace with competing engine builders. That notably includes United Technologies (NYSE:UTX) unit Pratt & Whitney, which has taken market share in recent years.Meanwhile, the merger of UTX and Raytheon (NYSE:RTN) potentially creates a more formidable competitor on the defense/military side as well. And the delays of GE's new GE9x turbine engine hampered Boeing's launch of its 777x. After that news, and with its competition improving, GE Aviation needed a strong showing - and got it.Right? General Electric Stock Stays StuckPerhaps. But GE stock bears weren't so sure and apparently, neither were investors. Even as stock markets raced to all-time highs, the lid stayed on GE stock.And two noted skeptics cast doubt on the headline. Stephen Tusa, who has been a prescient bear on GE stock for years now, went as far as to call the order figure "a smoke screen." He argued that new engines - including the GE9x and the LEAP, the latter of which is manufactured in a joint venture with Safran SA (OTCMKTS:SAFRY) - might not be as profitable as GE's past models.John Inch of Gordon Haskett seemed to agree. Both analysts argued that the unit's 2018 earnings - and remember, 2018 was a disastrous year for GE as a whole - were likely above its long-term averages. As a result, Tusa argued that GE Aviation was worth potentially less than $40 billion, with Inch citing a $50 billion ceiling.Of course, as Barron's noted, other analysts saw it differently. Both Citigroup and Barclays saw the order growth as impressive. Those analysts are among the bulls who value GE Aviation in the range of $80 billion -$100 billion.Those differing valuations have an enormous impact on GE stock. What Aviation Means for GE StockWhat seems to be a $30 billion-$60 billion discrepancy on Aviation's valuation leads to very different views on GE stock. On its own, that range suggests a $3.40-$6.80 per share impact to a "sum of the parts" model.But that's not the only impact. Again, GE has a huge amount of debt. A stronger Aviation business will produce more cash flow that can be used to pay down that debt. It also gives GE more ways to raise money; a spin-off or partial sale of the unit can be used to raise capital, for instance.A weaker Aviation business, however, leaves GE in something close to trouble. The Power business still is a mess. GE Healthcare's profits are coming down after the company sold GE Biopharma to Danaher (NYSE:DHR) for $21 billion. Aviation matters not just in terms of paper valuation; it has to drive much of the growth and cash flow that GE needs to create.The importance of Aviation can be seen in the relative price targets of the four analysts, as Barron's pointed out. Tusa and Inch value General Electric stock at $5 and $7, respectively. Barclays sees GE stock getting to $13, and Citigroup estimates that GE stock is worth $14 per share. On the SidelinesA weaker Aviation business would be bad news for GE stock. I argued last year in a detailed analysis that GE, in a breakup, likely was worth at most $14-$16 per share. Including the costs of a breakup, its value is something closer to $9-$11. That was based on an estimated valuation of Aviation, using its 2017 results, of nearly $100 billion.Not all that much has changed since then, though the arrival of new CEO Larry Culp has sparked optimism towards the company's future. But if Aviation "really" is a $50 billion or a $70 billion business, it gets tougher to argue that GE stock can rise. And given that I'm skeptical that the 737 MAX issues - which already are expected to hit GE's cash flow by $200-$300 million - will be resolved soon, I'm not expecting investors' sentiment towards the unit to improve much as the year goes on.As I've written before, I'm rooting for GE stock. It's an iconic American company, and I'd love for long-suffering shareholders to see a rebound.But its problems are real. Its current collection of businesses isn't all that attractive anymore. General Electric stock needs Aviation to be a big winner - and if there are any signs at all that it won't be, it gets very difficult to pound the table for GE stock.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Aviation Is the Rope in the Tug of War Over GE Stock appeared first on InvestorPlace.

  • Pentagon Eyes Bold New Strategy For War Against Russia, China
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  • Raytheon (RTN) Reports Next Week: Wall Street Expects Earnings Growth
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  • Reuters5 days ago

    UPDATE 2-Turkish defence firms set to lose billions after F-35 removal

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  • Washington Monument gets turned into a life-sized rocket for Apollo 11 anniversary
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    Washington Monument gets turned into a life-sized rocket for Apollo 11 anniversary

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  • Raytheon (RTN) Gains As Market Dips: What You Should Know
    Zacks7 days ago

    Raytheon (RTN) Gains As Market Dips: What You Should Know

    In the latest trading session, Raytheon (RTN) closed at $180.06, marking a +1.08% move from the previous day.

  • GuruFocus.com7 days ago

    5 Aerospace and Defense Companies Gurus Agree on

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  • Master Of This Technology Will Dominate Battlefield, Says Pentagon Chief Nominee
    Investor's Business Daily7 days ago

    Master Of This Technology Will Dominate Battlefield, Says Pentagon Chief Nominee

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  • Reuters7 days ago

    UPDATE 2-Democrat Warren slams Trump's defense nominee, citing ethics concerns

    Democratic Senator and presidential hopeful Elizabeth Warren on Tuesday clashed with Mark Esper, President Donald Trump's nominee for U.S. defense secretary, saying he should be not be confirmed to the post because of ethical concerns related to his former lobbyist job at defense contractor Raytheon Co. The sharp exchange between Esper, the current Army secretary, and Warren was a rare contentious moment during his otherwise smooth Senate Armed Services Committee confirmation hearing, with panel members eager to fill the lingering Pentagon vacancy.

  • PR Newswire7 days ago

    Raytheon Submits Lower Tier Air and Missile Defense Sensor Proposal

    New radar leverages advanced, proven technology to counter future threats TEWSKBURY, Mass., July 16, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced the submission of its Lower Tier Air and ...

  • PR Newswire7 days ago

    John F. Kennedy namesake schools in five states selected to receive JFK Space Labs from Raytheon and John F. Kennedy Library Foundation

    Schools in Massachusetts, California, Colorado, New Mexico and Texas chosen to inspire innovation and commemorate the 50th anniversary of historic moon landing WALTHAM, Mass. , July 16, 2019 /PRNewswire/ ...

  • PR Newswire7 days ago

    Raytheon Company to release second quarter 2019 results on July 25, 2019

    WALTHAM, Mass. , July 16, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) will issue its second quarter 2019 earnings news release at 7 a.m. EDT Thursday, July 25, 2019 . The release will be posted on ...

  • ACCESSWIRE8 days ago

    Shareholder Alert: Halper Sadeh Llp Reminds Investors That It Is Investigating Whether The Sale Of These Companies Is Fair To Shareholders - Rtn, SFLY MDSO

    NEW YORK, NY / ACCESSWIRE / July 15, 2019 / Halper Sadeh LLP, a global investor rights law firm, reminds investors that it is investigating the following companies: Raytheon Company (NYSE: RTN) The investigation ...

  • DLT Solutions wins spot on $820M DOD software contract
    American City Business Journals8 days ago

    DLT Solutions wins spot on $820M DOD software contract

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  • GlobeNewswire8 days ago

    SFLY, RTN, OMN AND MDSO SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts

    WILMINGTON, Del., July 15, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Shutterfly, Inc. (NASDAQ GS: SFLY) regarding possible breaches of fiduciary.