Graticule Asia Macro Advisors buys $35.6 Million stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Graticule Asia Macro Advisors scooped up 209,757 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 273,257 shares of Raytheon Company which is valued at $35.6 Million.Raytheon Company makes up approximately 11.19% of Graticule Asia Macro Advisors’s portfolio.

Other Hedge Funds, Including , Johnson Investment Counsel Inc boosted its stake in RTN in the latest quarter, The investment management firm added 240 additional shares and now holds a total of 3,088 shares of Raytheon Company which is valued at $402,397. Raytheon Company makes up approx 0.01% of Johnson Investment Counsel Inc’s portfolio. Alps Advisors Inc sold out all of its stake in RTN during the most recent quarter. The investment firm sold 4,924 shares of RTN which is valued $641,646. Meag Munich Ergo Kapitalanlagegesellschaft Mbh sold out all of its stake in RTN during the most recent quarter. The investment firm sold 44,847 shares of RTN which is valued $5.8 Million.

Raytheon Company closed down -0.27 points or -0.21% at $129.78 with 14,86,724 shares getting traded on Wednesday. Post opening the session at $130.35, the shares hit an intraday low of $129.31 and an intraday high of $130.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Leave a Reply

Raytheon Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on Raytheon Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.