Rovida Advisors buys $57,815,289 stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Rovida Advisors scooped up 41,000 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 443,675 shares of Raytheon Company which is valued at $57,815,289.Raytheon Company makes up approximately 11.31% of Rovida Advisors’s portfolio.

Other Hedge Funds, Including , Massmutual Trust Co Fsbadv reduced its stake in RTN by selling 119 shares or 7.69% in the most recent quarter. The Hedge Fund company now holds 1,429 shares of RTN which is valued at $186,213. Raytheon Company makes up approx 0.03% of Massmutual Trust Co Fsbadv’s portfolio.Ausdal Financial Partners reduced its stake in RTN by selling 190 shares or 7.2% in the most recent quarter. The Hedge Fund company now holds 2,448 shares of RTN which is valued at $315,939. Raytheon Company makes up approx 0.18% of Ausdal Financial Partners’s portfolio.Ironwood Financial boosted its stake in RTN in the latest quarter, The investment management firm added 1,321 additional shares and now holds a total of 3,242 shares of Raytheon Company which is valued at $418,413. Raytheon Company makes up approx 0.32% of Ironwood Financial’s portfolio.Great West Life Assurance Co Can boosted its stake in RTN in the latest quarter, The investment management firm added 27,888 additional shares and now holds a total of 302,167 shares of Raytheon Company which is valued at $38,178,800. Raytheon Company makes up approx 0.14% of Great West Life Assurance Co Can’s portfolio.

Raytheon Company opened for trading at $130.79 and hit $131.82 on the upside on Monday, eventually ending the session at $131.33, with a gain of 0.78% or 1.02 points. The heightened volatility saw the trading volume jump to 14,20,058 shares. Company has a market cap of $39,002 M.

On the company’s financial health, Raytheon Company reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.38. The company had revenue of $5763.00 million for the quarter, compared to analysts expectations of $5460.33 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 EPS.

Many Wall Street Analysts have commented on Raytheon Company. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 127 from a previous price target of $125 .Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Top Pick”, Firm has raised the Price Target to $ 148 from a previous price target of $147 .Raytheon Company was Initiated by Guggenheim to “Buy” 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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