Sonora Investment Management buys $1,661,539 stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Sonora Investment Management scooped up 2,412 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 12,098 shares of Raytheon Company which is valued at $1,661,539.Raytheon Company makes up approximately 0.86% of Sonora Investment Management’s portfolio.

Other Hedge Funds, Including , Highland Capital Management boosted its stake in RTN in the latest quarter, The investment management firm added 390 additional shares and now holds a total of 34,419 shares of Raytheon Company which is valued at $4,753,264. Raytheon Company makes up approx 0.41% of Highland Capital Management’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in RTN in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 1,752 shares of Raytheon Company which is valued at $238,798. Raytheon Company makes up approx 0.05% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Dynamic Advisors Solutions boosted its stake in RTN in the latest quarter, The investment management firm added 4,165 additional shares and now holds a total of 7,578 shares of Raytheon Company which is valued at $1,040,459. Raytheon Company makes up approx 0.40% of Dynamic Advisors Solutions’s portfolio. Arvest Bank Trust Division sold out all of its stake in RTN during the most recent quarter. The investment firm sold 1,956 shares of RTN which is valued $267,542.

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.

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