Raytheon Company (RTN) : Lafleur Godfrey reduced its stake in Raytheon Company by 7.49% during the most recent quarter end. The investment management company now holds a total of 125,950 shares of Raytheon Company which is valued at $17,916,388 after selling 10,193 shares in Raytheon Company , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Raytheon Company makes up approximately 5.05% of Lafleur Godfrey’s portfolio.
Other Hedge Funds, Including , Burney Co reduced its stake in RTN by selling 1,541 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 131,837 shares of RTN which is valued at $18,753,813. Raytheon Company makes up approx 1.29% of Burney Co’s portfolio.Jacobus Wealth Management reduced its stake in RTN by selling 1,073 shares or 37.08% in the most recent quarter. The Hedge Fund company now holds 1,821 shares of RTN which is valued at $256,324. Raytheon Company makes up approx 0.08% of Jacobus Wealth 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.Nordea Investment Management Ab boosted its stake in RTN in the latest quarter, The investment management firm added 358,313 additional shares and now holds a total of 371,078 shares of Raytheon Company which is valued at $51,275,558. Raytheon Company makes up approx 0.15% of Nordea Investment Management Ab’s portfolio.
Raytheon Company closed down -0.09 points or -0.06% at $142.5 with 14,07,595 shares getting traded on Friday. Post opening the session at $142.22, the shares hit an intraday low of $141.88 and an intraday high of $142.695 and the price fluctuated in this range throughout the day.Shares ended Friday 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.