South Texas Money Management Ltd adds Raytheon Company (RTN) to its portfolio

Raytheon Company (RTN) : South Texas Money Management Ltd added new position in Raytheon Company during the most recent quarter end. The investment management firm now holds 121,223 shares of Raytheon Company which is valued at $17,053,652 , the company said in a statement filed on Aug 1, 2016 with the SEC.Raytheon Company makes up approximately 0.93% of South Texas Money Management Ltd’s portfolio.

Other Hedge Funds, Including , Eliot Finkel Investment Counsel reduced its stake in RTN by selling 20 shares or 0.36% in the most recent quarter. The Hedge Fund company now holds 5,560 shares of RTN which is valued at $775,787. Raytheon Company makes up approx 0.66% of Eliot Finkel Investment Counsel’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.First Hawaiian Bank reduced its stake in RTN by selling 48 shares or 2.43% in the most recent quarter. The Hedge Fund company now holds 1,924 shares of RTN which is valued at $267,205. Raytheon Company makes up approx 0.05% of First Hawaiian Bank’s portfolio.Deroy Devereaux Private Investment Counsel Inc boosted its stake in RTN in the latest quarter, The investment management firm added 497 additional shares and now holds a total of 95,111 shares of Raytheon Company which is valued at $13,209,016. Raytheon Company makes up approx 1.70% of Deroy Devereaux Private Investment Counsel Inc’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.

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