Raytheon Company (RTN) : Weatherly Asset Management L. P. scooped up 1 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 7,951 shares of Raytheon Company which is valued at $1,005,006.Raytheon Company makes up approximately 0.34% of Weatherly Asset Management L. P.’s portfolio.
Raytheon Company opened for trading at $128.5 and hit $130.89 on the upside on Wednesday, eventually ending the session at $129.87, with a gain of 1.29% or 1.66 points. The heightened volatility saw the trading volume jump to 38,48,265 shares. Company has a market cap of $38,831 M.
Other Hedge Funds, Including , Centurylink Investment Management Co reduced its stake in RTN by selling 7,695 shares or 45.37% in the most recent quarter. The Hedge Fund company now holds 9,267 shares of RTN which is valued at $1,171,349. Raytheon Company makes up approx 0.42% of Centurylink Investment Management Co’s portfolio.New York State Teachers Retirement System reduced its stake in RTN by selling 1,107 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 587,569 shares of RTN which is valued at $74,268,722. Raytheon Company makes up approx 0.19% of New York State Teachers Retirement System’s portfolio.Marshwinds Advisory Co reduced its stake in RTN by selling 199 shares or 0.89% in the most recent quarter. The Hedge Fund company now holds 22,218 shares of RTN which is valued at $2,776,139. Raytheon Company makes up approx 1.43% of Marshwinds Advisory Co’s portfolio.Chevy Chase Trust Holdings boosted its stake in RTN in the latest quarter, The investment management firm added 4,108 additional shares and now holds a total of 255,282 shares of Raytheon Company which is valued at $31,897,486. Raytheon Company makes up approx 0.18% of Chevy Chase Trust Holdings’s portfolio.
On the company’s financial health, Raytheon Company reported $1.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.82. The company had revenue of $6328.00 million for the quarter, compared to analysts expectations of $6292.93 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS.
Many Wall Street Analysts have commented on Raytheon Company. Raytheon Company was Initiated by Guggenheim to “Buy” on Apr 5, 2016. Company shares were Reiterated by Stifel on Jan 29, 2016 to “Buy”, Firm has raised the Price Target to $ 140 from a previous price target of $130 .Shares were Reiterated by RBC Capital Mkts on Jan 29, 2016 to “Top Pick” and Lowered the Price Target to $ 147 from a previous price target of $149 .
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.