Raytheon Company (RTN) : Pillar Pacific Capital Management scooped up 384 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 59,179 shares of Raytheon Company which is valued at $8,325,302.Raytheon Company makes up approximately 1.34% of Pillar Pacific Capital Management’s portfolio.
Other Hedge Funds, Including , Integrated Wealth Management reduced its stake in RTN by selling 145 shares or 7.16% in the most recent quarter. The Hedge Fund company now holds 1,879 shares of RTN which is valued at $264,338. Raytheon Company makes up approx 0.10% of Integrated Wealth Management’s portfolio.Markston International reduced its stake in RTN by selling 5,925 shares or 3.59% in the most recent quarter. The Hedge Fund company now holds 159,062 shares of RTN which is valued at $21,527,451. Raytheon Company makes up approx 1.95% of Markston International’s portfolio.Berkshire Asset Managementpa reduced its stake in RTN by selling 1,110 shares or 9.89% in the most recent quarter. The Hedge Fund company now holds 10,113 shares of RTN which is valued at $1,397,414. Raytheon Company makes up approx 0.21% of Berkshire Asset Managementpa’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.