Raytheonis a major U.S. defense contractor that specializes in missile defenses, command and control of artillery, aircraft and satellites, and cyber security among other complex electronic systems. The company was founded in 1922by Laurence K. Marshall, Charles G. Smith and Vannevar Bush as a refrigeration company. Over the years, the company shifted its focus to advanced weapons systems. Currently, the U.S. Government is their biggest client. Raytheon stock is valued at over $57 billion but its stock has never split due to various factors.
What Is A Stock Split?
A stock split occurswhen the management of a publicly traded company decides to issue more shares to current shareholders. In the case of a 2-for-1 split, stockholders will be given one additional share for each share they already have. So if you own 100 shares before the split, you will own 200 after. As a result, stock prices will go down by half. The market capitalization is unchanged.
Causes For A Stock Split
Companies may decide on a stock split when their individual share prices have risen too high, meaning small investors are able to afford to purchase shares.
A stock split may also occur when the company’s shares cost more than their competitors.
Companies want to preserve their liquidity, or the ability for investors to buy or sell assets without greatly affecting share prices. That’s why they decide to initiate a stock split.
Raytheon Stock History
Raytheon has never split its stock, and the company is currently thriving.
A financial analysis shows that an investor who purchased Raytheon stock ten years ago and reinvested the dividends would have seen a $10,000 starting investment grow to $47,516.56.
The average annual total return in this period was 16.87% as the share price rose from $55.82 to $203.46.
Without reinvesting the dividends, the $10,000 initial buy grew to $40,334.
Will Raytheon Stock Split?
Raytheon is in a unique position. As the 5th largest
defense contractor in the world and the third largest in the United States, the company is not threatened by competitors or lack of liquidity.
In addition to selling advanced weaponry to the United States Government, the company also sells systems to U.S. allies.
Although the market for its missile systems seems unending due to continual global conflicts, Raytheon has also invested in emerging defense technologies to protect its market position.
In addition, the U.S. government may try to exert pressure on the company to lower prices, but since it needs Raytheon’s “unmatched” missile defenses, bargaining power is limited.
All of these factors mean that a Raytheon stock split is not on the horizon and the company probably would not benefit from one at the current time.
Should it face growing competition or its stock price were to rise abruptly, management may reconsider the current position.
The bottom line is if you are waiting to buy stock until it splits, you may have a long wait.
Raytheon is thriving as are other defense contractors, in no small part due to increased United States military spending. The market for missile systems in particular have ensured their Raytheon is highly profitable resulting in an impressive rise in its share price over the last decade.
If you want to own Raytheon stock, probably best not wait for a split. In its over fifty year history, a Raytheon stock split has never occurred and looks unlikely anytime soon.
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FAQs
All of these factors mean that a Raytheon stock split is not on the horizon and the company probably would not benefit from one at the current time. Should it face growing competition or its stock price were to rise abruptly, management may reconsider the current position.
Where will Raytheon be in 5 years? ›
After 2023, Growth Is Back In Full Force
In 2021, Raytheon presented its 2025 targets. The company saw a path to $10 billion in free cash flow in 2025 based on 6% to 7% annual organic sales growth between 2020 and 2025. Now, the FCF target is being lowered to $9 billion.
What stocks are going to split? ›
Stock splits from 2022
| Company | Stock Split Ratio | Payable Date |
|---|
| Amazon (NASDAQ:AMZN) | 20-for-1 | June 3, 2022 |
| Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) | 20-for-1 | July 15, 2022 |
| Shopify (NYSE:SHOP) | 10-for-1 | June 28, 2022 |
| DexCom (NASDAQ:DXCM) | 4-for-1 | June 10, 2022 |
2 more rowsJun 2, 2023
Stock Price Forecast
The 19 analysts offering 12-month price forecasts for Raytheon Technologies Corp have a median target of 110.00, with a high estimate of 120.00 and a low estimate of 98.00. The median estimate represents a +11.01% increase from the last price of 99.09.
What is the stock market forecast for Raytheon 2023? ›
Raytheon Technologies Stock Forecast & Predictions: 1Y Price Target $111.50 | Buy or Sell NYSE: RTX 2023 | WallStreetZen.
Is Raytheon a good investment? ›
Raytheon Technologies currently has an average brokerage recommendation (ABR) of 1.75, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 12 brokerage firms.
Is Raytheon a buy sell or hold? ›
The Raytheon Technologies stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
What stock is expected to split in 2023? ›
List of Upcoming Stock Split in 2023
| Company | Old Face Value (Rs) | New Face Value (Rs) |
|---|
| VARUN BEVERAGES | 10 | 5 |
| ION EXCHANGE | 10 | 1 |
| RADHAGOBIND COMM | 10 | 1 |
| HARDWYN INDIA | 10 | 1 |
53 more rows2023 Stock Splits
| Date | Symbol | Company Name |
|---|
| Jun 8, 2023 | APRN | Blue Apron Holdings Inc |
| Jun 7, 2023 | VTGN | Vistagen Therapeutics Inc |
| Jun 7, 2023 | GNLN | Greenlane Holdings Inc |
| Jun 7, 2023 | BBLG | Bone Biologics Corp |
83 more rowsDoes it matter to buy before or after a stock split? If you buy a stock before it splits, you'll pay more per share than what it'll cost after it splits. If you're looking to buy into a stock at a cheaper price, you may want to wait until after the stock split.
The average price target for Raytheon Technologies is $111.68. This is based on 14 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $120.00 ,the lowest forecast is $98.00. The average price target represents 12.59% Increase from the current price of $99.19.
What is Raytheon stock target? ›
Stock Price Target
| High | $120.00 |
|---|
| Low | $100.00 |
| Average | $110.15 |
| Current Price | $93.66 |
Based on our forecasts, a long-term increase is expected, the "RTN" stock price prognosis for 2025-04-18 is 146.195 USD.
Which stock will grow the most in 2023? ›
10 Best Growth Stocks Of June 2023
- Bank of America's Best Growth Stocks of 2023.
- Amazon (AMZN)
- Constellation Energy (CEG)
- Chipotle Mexican Grill (CMG)
- Alphabet (GOOG, GOOGL)
- Eli Lilly (LLY)
- Match (MTCH)
- Progressive (PGR)
We have compiled a list of the best beginner stocks to buy in 2023 which include PepsiCo, Inc. (NYSE:PEP), UnitedHealth Group Inc. (NYSE:UNH), and Microsoft Corporation (NASDAQ:MSFT).
What is Raytheon known for? ›
Raytheon is a developer and manufacturer of radars (including AESAs), electro-optical sensors, and other advanced electronics systems for airborne, naval and ground based military applications. Examples include: APG-63/APG-70 radars for the F-15 Eagle.
Does Raytheon do bonuses? ›
Based on 42 current employees, 74% said they receive an annual bonus at Raytheon Technologies.
Is Raytheon or Boeing bigger? ›
Raytheon Technologies serves commercial, military, and government customers around the world. Perhaps best known for its commercial airplanes, Boeing is the world's largest aerospace company and also designs and manufactures rockets, satellites, missiles, telecommunications equipment, helicopters, and military planes.
Does Raytheon do yearly raises? ›
Expect a 3-5 percent pay raise every year, that's it that's all you get. Doesn't matter how hard you work or anything to that effect. The hardest part of the job is the PEOPLE. Most enjoyable part is clocking out.
When was the last time Raytheon stock split? ›
How Often Does Raytheon Pay Dividends? Raytheon pays dividends every 3 months or 4 times per year.
Who buys Raytheon products? ›
Raytheon's principal U.S. Government customer is the U.S. Department of Defense (DoD), which accounts for the vast majority of the company's revenues. Other U.S. Government customers include Intelligence Community agencies, NASA, the FAA and the Departments of Justice, State, and Energy.
Do most stocks go up after a split? ›
By reducing the price with a split, the company can make its shares easier to buy. This can boost liquidity and encourage new investment. Lower share prices can also help a company compete for investors against similar firms trading at lower prices. Share prices often rise after a split, at least temporarily.
What are 10 stocks to buy in 2023? ›
10 of the Best Stocks to Buy for 2023
| Stock | YTD Total Returns Through June 6 |
|---|
| Amazon.com Inc. (AMZN) | 50.7% |
| Walt Disney Co. (DIS) | 6.1% |
| PayPal Holdings Inc. (PYPL) | -8.7% |
| EOG Resources Inc. (EOG) | -10.9% |
7 more rows5 days ago
After a split, the stock price will be reduced (because the number of shares outstanding has increased). In the example of a 2-for-1 split, the share price will be halved.
Will stocks continue to rise in 2023? ›
Looking ahead to second-quarter reports, analysts are calling for S&P 500 earnings to fall 6.4% compared to a year ago. Fortunately, analysts are projecting S&P 500 earnings growth will rebound back into positive territory in the second half of 2023.
Will my stocks recover in 2023? ›
"In the first half of 2023, the S&P 500 is expected to re-test the lows of 2022, but a pivot from the Federal Reserve could drive an asset recovery later in the year, pushing the S&P 500 to 4,200 by year-end," the investment bank said in a research note.
Is it worth investing in stocks 2023? ›
After dropping more than 18% in 2022, the S&P 500 is now up around 6% year to date (as of May 4), leading some investors to wonder if it's safe to invest now. The short answer is "yes." The longer answer is, "yes, you should be investing regardless of market movements, if you have the means."
What stock has split the most? ›
Apple (AAPL) has split five times. The first split happened in June of 1987. It was a two-for-one split, which means that each shareholder who owned one share of AAPL pre-split subsequently owned two shares. So, a 1,000 share position before the split turned into a 2,000 share position after the split.
What are the disadvantages of a stock split? ›
One of the primary disadvantages of a stock split is that it does not fundamentally change the value of the company or its underlying assets. Instead, it simply increases the number of shares outstanding and reduces the price per share, which can lead to increased volatility and trading activity.
If you're looking for clues on what Alphabet (NASDAQ:GOOG, GOOGL) will do after the July 15 stock split, heed the lessons learned from the recently completed June 6 split in Amazon (NASDAQ:AMZN).
Why is Raytheon moving? ›
“Raytheon Technologies' global headquarters location will reinforce strategic partnerships and further strengthen Virginia's aerospace and defense ecosystem in areas like avionics, cybersecurity, directed energy, electric propulsion, hypersonics and quantum physics.”
Where is Raytheon moving to? ›
In June 2022, Raytheon Technologies Corp. announced plans to move its headquarters from Waltham to Arlington, Virginia. The defense contractor has quietly ended its 100 years as a Massachusetts-based company. After 100 years, Raytheon Technologies Corp. is no longer a Massachusetts-based company.
What is the dividend growth rate for Raytheon stock? ›
As of today (2023-05-27), the Forward Dividend Yield % of Raytheon Technologies is 2.50%. Raytheon Technologies's Dividends per Share for the three months ended in Mar. 2023 was $0.55. During the past 12 months, Raytheon Technologies's average Dividends Per Share Growth Rate was 7.80% per year.
What percentage of dividends does Raytheon pay? ›
Historical dividend payout and yield for Raytheon Technologies (RTX) since 1989. The current TTM dividend payout for Raytheon Technologies (RTX) as of June 05, 2023 is $2.36. The current dividend yield for Raytheon Technologies as of June 05, 2023 is 2.46%.
Is Raytheon a blue chip stock? ›
Unlike most momentum stocks, many blue chips are not always in the headlines. For example, companies like Raytheon, CoreCivic, and H&R Block rarely make headlines.
What is the fair value of RTX? ›
According to Wall Street analysts, the average 1-year price target for RTX is 111.94 USD with a low forecast of 98.98 USD and a high forecast of 126 USD.
How many shares does Raytheon have? ›
Raytheon Technologies Shares Outstanding: 1.461B for March 31, 2023.
Is Raytheon Fortune 50? ›
Raytheon ranked No. 197 on the Fortune Global 500 this year, falling from No. 183 last year. The company reported $64.4 billion in fiscal 2021 revenue.
What is the forecast for AR stock? ›
Antero Resources Corp (NYSE:AR)
The 15 analysts offering 12-month price forecasts for Antero Resources Corp have a median target of 30.00, with a high estimate of 41.00 and a low estimate of 23.00. The median estimate represents a +42.86% increase from the last price of 21.00.
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|---|
| Apple Inc. (ticker: AAPL) | 33.8% |
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| Fortinet Inc. (FTNT) | 37.1% |
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23 more rowsIn addition to Amgen, Inc. (NASDAQ:AMGN), other Fast Money stocks that are widely held by elite hedge funds include Tesla, Inc. (NASDAQ:TSLA), UnitedHealth Group Inc. (NYSE:UNH), and Microsoft Corporation (NASDAQ:MSFT).
What markets will boom in 2023? ›
Three Key Sectors in Which to Invest in 2023
- Consumer staples. ...
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- Healthcare.
Best US Stocks
| Stock Name | Ticker | Market Cap |
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| Microsoft Corporation | MSFT | 1.705 T |
| Amazon.com Inc. | AMZN | 1.089 T |
| Tesla, Inc. | TSLA | 642.330 B |
| Johnson & Johnson | JNJ | 432.395 B |
16 more rowsA whistleblower said Raytheon Technologies Corp. has paid him $1 million after he was punished for revealing that he was instructed to submit false test results to the US Air Force on the company's troubled ground system for GPS satellites.
What are the top salaries at Raytheon? ›
Raytheon Co. Jobs by Salary
| Job Title | Range | Average |
|---|
| Senior Systems Engineer | Range:$88k - $141k | Average:$110,221 |
| Electrical Engineer | Range:$68k - $102k | Average:$80,880 |
| Principal Systems Engineer | Range:$114k - $171k | Average:$141,418 |
| Senior Software Engineer | Range:$89k - $144k | Average:$113,722 |
3 more rowsRaytheon Technologies ranked No. 1 industry leader in the aerospace and defense sector, No. 1 for communities in aerospace and defense, and No. 52 overall in the JUST 100.
Is Raytheon moving out of Mass? ›
Raytheon announces its global headquarters is leaving Massachusetts, moving to Virginia. Published: Jun. 07, 2022, 1:52 p.m.
Will Raytheon Technologies stock go up? ›
The average price target for Raytheon Technologies is $111.68. This is based on 14 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $120.00 ,the lowest forecast is $98.00. The average price target represents 16.41% Increase from the current price of $95.94.
WASHINGTON, June 7 (Reuters) - Raytheon Technologies Corp (RTX. N) said on Tuesday it is moving its headquarters to Arlington, Virginia, saying it will boost its efforts to serve U.S. government and commercial aerospace customers.
Is Raytheon or Lockheed bigger? ›
The largest defense company in the U.S. is Raytheon.
With a 2022 revenue of $67.07 billion, Raytheon is the largest defense company in the United States.
Who just bought Raytheon? ›
In June 2019, United Technologies announced the intention to merge with the Raytheon Company. The combined company, valued at more than $100 billion after planned spinoffs, would be the world's second-largest aerospace-and-defense company by sales behind Boeing.
What are the biggest companies in the world Raytheon? ›
Raytheon Technologies (NYSE: RTX) is the world's largest aerospace and defense company. Our global team of 180,000 employees pushes the limits of known science and redefines how we connect and protect our world.
Why are people protesting Raytheon? ›
Companies like Raytheon Technologies partner with universities for the purpose of research, funding and recruiting prospective graduates. Protesters were critical of these companies' relationship with public universities, as defense corporations also work with developing weaponry.
Is Raytheon hard to get into? ›
Advice for Recent Grads
College grads have a good shot at getting in Raytheon's door. On average, 15 percent of its annual hires are just out of school. The company recruits heavily at campuses around the country, and expects people to be buttoned up when they approach.
Why is Raytheon controversial? ›
Raytheon is associated with a number of toxic waste sites, including those resulting from production facilities that contaminated ground water with substances such as the carcinogen trichloroethylene (TCE). These include sites in areas such as Tucson and St. Petersburg, Florida.
Will Raytheon Technologies pay a dividend? ›
Raytheon Technologies Corporation's latest ex-dividend date was on May 18, 2023 . The RTX stock shareholders received the last dividend payment of $0.59 per share on June 15, 2023 .
What is the alternative to Raytheon? ›
The main competitors of Raytheon Technologies include Boeing (BA), Lockheed Martin (LMT), Northrop Grumman (NOC), General Dynamics (GD), TransDigm Group (TDG), L3Harris Technologies (LHX), HEICO (HEI), TAT Technologies (TATT), SIFCO Industries (SIF), and Teledyne Technologies (TDY).
Does Raytheon supply Boeing? ›
Both stocks give investors exposure to the aerospace and defense market, and Raytheon Technologies (RTX 1.76%) is a major supplier to Boeing (BA -0.71%).
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Texas (82,235 people in Texas had moved from California in the last year) Arizona (59,713) Nevada (47,322) Washington (46,791)
