Raytheon Company (RTN) : Country Club Trust Company N.a. reduced its stake in Raytheon Company by 16.08% during the most recent quarter end. The investment management company now holds a total of 52,218 shares of Raytheon Company which is valued at $7,171,620 after selling 10,006 shares in Raytheon Company , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Raytheon Company makes up approximately 1.04% of Country Club Trust Company N.a.’s portfolio.
Other Hedge Funds, Including , Btr Capital Management Inc boosted its stake in RTN in the latest quarter, The investment management firm added 870 additional shares and now holds a total of 27,618 shares of Raytheon Company which is valued at $3,793,056. Raytheon Company makes up approx 0.87% of Btr Capital Management Inc’s portfolio.Legal General Group Plc reduced its stake in RTN by selling 8,600 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 1,368,458 shares of RTN which is valued at $186,520,825. Raytheon Company makes up approx 0.19% of Legal General Group Plc’s portfolio. Kelman-lazarov added RTN to its portfolio by purchasing 70 company shares during the most recent quarter which is valued at $9,611. Raytheon Company makes up approx 0.01% of Kelman-lazarov’s portfolio.First Mercantile Trust Co reduced its stake in RTN by selling 100 shares or 3.13% in the most recent quarter. The Hedge Fund company now holds 3,100 shares of RTN which is valued at $424,018. Raytheon Company makes up approx 0.06% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in RTN by selling 16,193 shares or 34.84% in the most recent quarter. The Hedge Fund company now holds 30,287 shares of RTN which is valued at $4,153,256. Raytheon Company makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.
Raytheon Company closed down -0.76 points or -0.55% at $137.34 with 10,92,815 shares getting traded on Friday. Post opening the session at $138.25, the shares hit an intraday low of $137.34 and an intraday high of $138.69 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.