Cidel Asset Management Inc buys $12,541,481 stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Cidel Asset Management Inc scooped up 1,025 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 89,149 shares of Raytheon Company which is valued at $12,541,481.Raytheon Company makes up approximately 0.71% of Cidel Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Reliant Investment Management boosted its stake in RTN in the latest quarter, The investment management firm added 480 additional shares and now holds a total of 23,420 shares of Raytheon Company which is valued at $3,294,726. Raytheon Company makes up approx 2.87% of Reliant Investment Management’s portfolio. Investment House added RTN to its portfolio by purchasing 1,600 company shares during the most recent quarter which is valued at $216,544. Raytheon Company makes up approx 0.03% of Investment House’s portfolio.Physicians Financial Services boosted its stake in RTN in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 3,984 shares of Raytheon Company which is valued at $549,832. Raytheon Company makes up approx 0.47% of Physicians Financial Services’s portfolio.

Raytheon Company closed down -0.8 points or -0.57% at $139.96 with 13,90,480 shares getting traded on Monday. Post opening the session at $140.53, the shares hit an intraday low of $139.77 and an intraday high of $140.73 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 $1.85 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.

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