Usa Mutuals Advisors Lowers stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Usa Mutuals Advisors reduced its stake in Raytheon Company by 0.03% during the most recent quarter end. The investment management company now holds a total of 60,000 shares of Raytheon Company which is valued at $8,535,000 after selling 21 shares in Raytheon Company , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Raytheon Company makes up approximately 4.64% of Usa Mutuals Advisors’s portfolio.

Other Hedge Funds, Including , Tcw Group Inc boosted its stake in RTN in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 23,900 shares of Raytheon Company which is valued at $3,399,775. Raytheon Company makes up approx 0.02% of Tcw Group Inc’s portfolio.O’shaughnessy Asset Management reduced its stake in RTN by selling 2 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 1,260 shares of RTN which is valued at $179,235.Appleton Partners Incma boosted its stake in RTN in the latest quarter, The investment management firm added 101 additional shares and now holds a total of 8,726 shares of Raytheon Company which is valued at $1,227,574. Raytheon Company makes up approx 0.24% of Appleton Partners Incma’s portfolio.Hanson Doremus Investment Management reduced its stake in RTN by selling 25 shares or 4.03% in the most recent quarter. The Hedge Fund company now holds 595 shares of RTN which is valued at $83,020. Raytheon Company makes up approx 0.04% of Hanson Doremus Investment Management’s portfolio.Waverton Investment Management Ltd reduced its stake in RTN by selling 60 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 34,796 shares of RTN which is valued at $4,855,086. Raytheon Company makes up approx 0.35% of Waverton Investment Management Ltd’s portfolio.

Raytheon Company opened for trading at $140.61 and hit $141.94 on the upside on Monday, eventually ending the session at $141.4, with a gain of 0.34% or 0.48 points. The heightened volatility saw the trading volume jump to 9,15,535 shares. Company has a market cap of $41,726 M.

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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