Daiwa Sb Investments Ltd. buys $9,643,059 stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Daiwa Sb Investments Ltd. scooped up 68,550 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 8, 2016. The investment management firm now holds a total of 69,630 shares of Raytheon Company which is valued at $9,643,059.Raytheon Company makes up approximately 2.76% of Daiwa Sb Investments Ltd.’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx boosted its stake in RTN in the latest quarter, The investment management firm added 4,074 additional shares and now holds a total of 76,873 shares of Raytheon Company which is valued at $10,646,142. Raytheon Company makes up approx 0.22% of Exxonmobil Investment Management Inc Tx’s portfolio. Kistler-tiffany Companies added RTN to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $1,662. Iowa State Bank added RTN to its portfolio by purchasing 649 company shares during the most recent quarter which is valued at $89,880. Raytheon Company makes up approx 0.05% of Iowa State Bank’s portfolio.Curian Capital reduced its stake in RTN by selling 42,211 shares or 65.8% in the most recent quarter. The Hedge Fund company now holds 21,943 shares of RTN which is valued at $3,038,886. Raytheon Company makes up approx 0.22% of Curian Capital’s portfolio.

Raytheon Company opened for trading at $138.49 and hit $139 on the upside on Wednesday, eventually ending the session at $138.88, with a gain of 0.40% or 0.55 points. The heightened volatility saw the trading volume jump to 13,25,244 shares. Company has a market cap of $41,245 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 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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