Raytheon Company (RTN) : Rathbone Brothers Plc reduced its stake in Raytheon Company by 8.11% during the most recent quarter end. The investment management company now holds a total of 63,877 shares of Raytheon Company which is valued at $8,986,216 after selling 5,638 shares in Raytheon Company , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Raytheon Company makes up approximately 0.49% of Rathbone Brothers Plc’s portfolio.
Other Hedge Funds, Including , Brighton Jones boosted its stake in RTN in the latest quarter, The investment management firm added 202 additional shares and now holds a total of 3,450 shares of Raytheon Company which is valued at $485,346. Raytheon Company makes up approx 0.08% of Brighton Jones’s portfolio.Umb Bank N Amo boosted its stake in RTN in the latest quarter, The investment management firm added 6,064 additional shares and now holds a total of 122,168 shares of Raytheon Company which is valued at $16,534,217. Raytheon Company makes up approx 0.68% of Umb Bank N Amo’s portfolio.Leavell Investment Management reduced its stake in RTN by selling 37 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 4,445 shares of RTN which is valued at $614,210. Raytheon Company makes up approx 0.09% of Leavell Investment Management’s portfolio.Newman Dignan Sheerar boosted its stake in RTN in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 2,357 shares of Raytheon Company which is valued at $326,421. Raytheon Company makes up approx 0.21% of Newman Dignan Sheerar’s portfolio.Washington Trust Bank boosted its stake in RTN in the latest quarter, The investment management firm added 241 additional shares and now holds a total of 39,934 shares of Raytheon Company which is valued at $5,530,460. Raytheon Company makes up approx 1.42% of Washington Trust Bank’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.