Boston Private Wealth Lowers stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Boston Private Wealth reduced its stake in Raytheon Company by 1.01% during the most recent quarter end. The investment management company now holds a total of 151,984 shares of Raytheon Company which is valued at $21,381,109 after selling 1,553 shares in Raytheon Company , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Raytheon Company makes up approximately 0.85% of Boston Private Wealth’s portfolio.

Other Hedge Funds, Including , Hudock Capital Group boosted its stake in RTN in the latest quarter, The investment management firm added 159 additional shares and now holds a total of 459 shares of Raytheon Company which is valued at $64,572. Raytheon Company makes up approx 0.03% of Hudock Capital Group’s portfolio.Lmr Partners Llp reduced its stake in RTN by selling 11,927 shares or 58.66% in the most recent quarter. The Hedge Fund company now holds 8,404 shares of RTN which is valued at $1,172,610. Raytheon Company makes up approx 0.18% of Lmr Partners Llp’s portfolio.Woodley Farra Manion Portfolio Management Inc boosted its stake in RTN in the latest quarter, The investment management firm added 8,930 additional shares and now holds a total of 30,272 shares of Raytheon Company which is valued at $4,182,985. Raytheon Company makes up approx 0.63% of Woodley Farra Manion Portfolio Management Inc’s portfolio. Cutler Group Lp sold out all of its stake in RTN during the most recent quarter. The investment firm sold 808 shares of RTN which is valued $112,215.Raymond James Trust N.a. boosted its stake in RTN in the latest quarter, The investment management firm added 1,225 additional shares and now holds a total of 13,170 shares of Raytheon Company which is valued at $1,823,913. Raytheon Company makes up approx 0.15% of Raymond James Trust N.a.’s portfolio.

Raytheon Company closed down -0.21 points or -0.15% at $140.47 with 13,65,909 shares getting traded on Thursday. Post opening the session at $141, the shares hit an intraday low of $140.16 and an intraday high of $141.43 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Raytheon Company reported $1.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.77. The company had revenue of $6035.00 million for the quarter, compared to analysts expectations of $5832.99 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS.

Many Wall Street Analysts have commented on Raytheon Company. Company shares were Reiterated by Stifel on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 160 from a previous price target of $140 .

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.