Raytheon Company (RTN) : Uss Investment Management Ltd scooped up 48,265 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 1,064,504 shares of Raytheon Company which is valued at $138.7 Million.Raytheon Company makes up approximately 2.30% of Uss Investment Management Ltd’s portfolio.
Other Hedge Funds, Including , Janney Montgomery Scott boosted its stake in RTN in the latest quarter, The investment management firm added 10,857 additional shares and now holds a total of 31,771 shares of Raytheon Company which is valued at $4.1 Million. Raytheon Company makes up approx 0.11% of Janney Montgomery Scott’s portfolio.Td Asset Management Inc boosted its stake in RTN in the latest quarter, The investment management firm added 93,508 additional shares and now holds a total of 311,752 shares of Raytheon Company which is valued at $40.2 Million. Raytheon Company makes up approx 0.08% of Td Asset Management Inc’s portfolio.Security National Trust Co reduced its stake in RTN by selling 100 shares or 8.08% in the most recent quarter. The Hedge Fund company now holds 1,138 shares of RTN which is valued at $143,786. Raytheon Company makes up approx 0.05% of Security National Trust Co’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.