Marquette Asset Management Lowers stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Marquette Asset Management reduced its stake in Raytheon Company by 7.83% during the most recent quarter end. The investment management company now holds a total of 1,506 shares of Raytheon Company which is valued at $209,153 after selling 128 shares in Raytheon Company , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.Raytheon Company makes up approximately 0.09% of Marquette Asset Management’s portfolio.

Other Hedge Funds, Including , Gierl Augustine Investment Management Inc boosted its stake in RTN in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 1,102 shares of Raytheon Company which is valued at $153,046. Raytheon Company makes up approx 0.16% of Gierl Augustine Investment Management Inc’s portfolio. West Oak Capital added RTN to its portfolio by purchasing 299 company shares during the most recent quarter which is valued at $41,409. Raytheon Company makes up approx 0.03% of West Oak Capital’s portfolio.Stock Yards Bank Trust Co boosted its stake in RTN in the latest quarter, The investment management firm added 407 additional shares and now holds a total of 2,416 shares of Raytheon Company which is valued at $330,267. Raytheon Company makes up approx 0.04% of Stock Yards Bank Trust Co’s portfolio.Integrated Investment Consultants boosted its stake in RTN in the latest quarter, The investment management firm added 117 additional shares and now holds a total of 1,135 shares of Raytheon Company which is valued at $155,155. Raytheon Company makes up approx 0.08% of Integrated Investment Consultants’s portfolio.

Raytheon Company closed down -0.66 points or -0.48% at $138.01 with 12,19,932 shares getting traded on Monday. Post opening the session at $138.67, the shares hit an intraday low of $137.95 and an intraday high of $139.3 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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