Founders Capital Management buys $284,761 stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Founders Capital Management scooped up 12 additional shares in Raytheon Company during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 2,279 shares of Raytheon Company which is valued at $284,761.Raytheon Company makes up approximately 0.17% of Founders Capital Management’s portfolio.

Other Hedge Funds, Including , Stock Yards Bank Trust Co reduced its stake in RTN by selling 83 shares or 3.97% in the most recent quarter. The Hedge Fund company now holds 2,009 shares of RTN which is valued at $251,025. Raytheon Company makes up approx 0.04% of Stock Yards Bank Trust Co’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 closed down -1.48 points or -1.17% at $124.95 with 14,04,421 shares getting traded on Monday. Post opening the session at $126.5, the shares hit an intraday low of $124.92 and an intraday high of $126.83 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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