Beacon Investment Advisory Services buys $604,148 stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Beacon Investment Advisory Services scooped up 80 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 4,245 shares of Raytheon Company which is valued at $604,148.Raytheon Company makes up approximately 0.02% of Beacon Investment Advisory Services’s portfolio.

Other Hedge Funds, Including , Chesapeake Asset Management added RTN to its portfolio by purchasing 4,295 company shares during the most recent quarter which is valued at $611,264. Raytheon Company makes up approx 0.48% of Chesapeake Asset Management’s portfolio.Central Trust Co boosted its stake in RTN in the latest quarter, The investment management firm added 4,055 additional shares and now holds a total of 46,160 shares of Raytheon Company which is valued at $6,569,491. Raytheon Company makes up approx 0.48% of Central Trust Co’s portfolio.Stephens Inc Ar boosted its stake in RTN in the latest quarter, The investment management firm added 173 additional shares and now holds a total of 27,389 shares of Raytheon Company which is valued at $3,855,276. Raytheon Company makes up approx 0.17% of Stephens Inc Ar’s portfolio.

Raytheon Company opened for trading at $140.9 and hit $142.14 on the upside on Wednesday, eventually ending the session at $142.07, with a gain of 0.61% or 0.86 points. The heightened volatility saw the trading volume jump to 12,42,243 shares. Company has a market cap of $41,924 M.

On the company’s financial health, Raytheon Company reported $1.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.77. The company had revenue of $6035.00 million for the quarter, compared to analysts expectations of $5832.99 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS.

Many Wall Street Analysts have commented on Raytheon Company. Company shares were Reiterated by Stifel on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 160 from a previous price target of $140 .

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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