Cullen Capital Management Lowers stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Cullen Capital Management reduced its stake in Raytheon Company by 7.74% during the most recent quarter end. The investment management company now holds a total of 742,075 shares of Raytheon Company which is valued at $96.7 Million after selling 62,230 shares in Raytheon Company , the firm said in a disclosure report filed with the SEC on May 12, 2016.Raytheon Company makes up approximately 3.41% of Cullen Capital Management’s portfolio.

Other Hedge Funds, Including , Hanson Doremus Investment Management reduced its stake in RTN by selling 25 shares or 3.88% in the most recent quarter. The Hedge Fund company now holds 620 shares of RTN which is valued at $80,792. Raytheon Company makes up approx 0.04% of Hanson Doremus Investment Management’s portfolio.Teacher Retirement System Of Texas boosted its stake in RTN in the latest quarter, The investment management firm added 7,193 additional shares and now holds a total of 221,047 shares of Raytheon Company which is valued at $28.8 Million. Raytheon Company makes up approx 0.20% of Teacher Retirement System Of Texas’s portfolio.Nationwide Fund Advisors boosted its stake in RTN in the latest quarter, The investment management firm added 194,757 additional shares and now holds a total of 500,493 shares of Raytheon Company which is valued at $64.6 Million. Raytheon Company makes up approx 0.28% of Nationwide Fund Advisors’s portfolio. Capital Fund Management S.a. added RTN to its portfolio by purchasing 6,544 company shares during the most recent quarter which is valued at $844,569. Raytheon Company makes up approx 0.01% of Capital Fund Management S.a.’s portfolio.

Raytheon Company opened for trading at $129.69 and hit $129.7 on the upside on Friday, eventually ending the session at $129.34, with a gain of 0.09% or 0.11 points. The heightened volatility saw the trading volume jump to 30,02,687 shares. Company has a market cap of $38,411 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.

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.