Raytheon Co/ (RTN) Files Form 4 Insider Selling : Taylor W Lawrence Sells 4,336 Shares

Raytheon Co/ (RTN): Taylor W Lawrence , Vice President of Raytheon Co/ sold 4,336 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $133.80 per share for a total value of $580,166.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, Thomas A Kennedy (Chairman and CEO) sold 13,858 shares at $133.82 per share price.On Apr 6, 2016, Richard R Yuse (Vice President) sold 22,345 shares at $125.00 per share price.Also, On Mar 30, 2016, Anthony F O’brien (Vice President and CFO) sold 6,000 shares at $122.95 per share price.On Feb 19, 2016, Taylor W Lawrence (Vice President) sold 11,589 shares at $119.38 per share price.

Raytheon Company: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Raytheon Company which led to swings in the share price. The shares opened for trading at $133.97 and hit $135.27 on the upside , eventually ending the session at $134.49, with a gain of 0.52% or 0.7 points. The heightened volatility saw the trading volume jump to 15,73,685 shares. The 52-week high of the share price is $135.27 and the company has a market cap of $39,941 M . The 52-week low of the share price is at $95.32.

Raytheon Company Money Flow Index Chart

On May 26, 2016, Raytheon Company announced a cash dividend of $0.7325. The company’s management has announced Jul 1, 2016 as the ex-dividend date and fixed the record date on Jul 6, 2016. The payable date has been fixed on Aug 4, 2016.

Company has been under the radar of several Street Analysts.Raytheon Company is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 127 from a previous price target of $125 .The Rating was issued on May 2, 2016.Raytheon Company is Reiterated by RBC Capital Mkts to Top Pick and the brokerage firm has raised the Price Target to $ 148 from a previous price target of $147 .The Rating was issued on Apr 29, 2016.Raytheon Company is Initiated by Guggenheim to Buy. The Rating was issued on Apr 5, 2016.

Raytheon Company together with its subsidiaries is a technology Company that specializes in defense and other Government markets. The Company develops products services and solutions in markets: sensing; effects; command control communications and intelligence (C3I); and mission support as well as cyber and information security. The Company operates in four segments: Integrated Defense Systems (IDS); Intelligence Information and Services; Missile Systems and Space and Airborne Systems. The Company serves both domestic and international customers as both a prime contractor and subcontractor on a portfolio of defense and related programs primarily for Government customers. The Company’s products include Global Integrated Sensors Integrated Air & Missile Defense Cybersecurity and Special Missions Global Training Solutions Land Warfare Systems Advanced Missile Systems Tactical Airborne Systems Advanced Missile Systems and Electronic Warfare Systems.

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