Raytheon Company (RTN) : Aspiriant reduced its stake in Raytheon Company by 0.42% during the most recent quarter end. The investment management company now holds a total of 37,390 shares of Raytheon Company which is valued at $5,321,345 after selling 159 shares in Raytheon Company , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Raytheon Company makes up approximately 0.44% of Aspiriant’s portfolio.
Other Hedge Funds, Including , Aull Monroe Investment Management Corp reduced its stake in RTN by selling 300 shares or 12.21% in the most recent quarter. The Hedge Fund company now holds 2,156 shares of RTN which is valued at $301,754. Raytheon Company makes up approx 0.17% of Aull Monroe Investment Management Corp’s portfolio.Proficio Capital Partners boosted its stake in RTN in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 64 shares of Raytheon Company which is valued at $8,930. Raytheon Company makes up approx 0.01% of Proficio Capital Partners’s portfolio.Canandaigua National Bank Trust Co reduced its stake in RTN by selling 419 shares or 10.84% in the most recent quarter. The Hedge Fund company now holds 3,446 shares of RTN which is valued at $466,382. Raytheon Company makes up approx 0.13% of Canandaigua National Bank Trust Co’s portfolio. Nepsis Capital Management added RTN to its portfolio by purchasing 43,927 company shares during the most recent quarter which is valued at $6,100,582. Raytheon Company makes up approx 3.37% of Nepsis Capital Management’s portfolio.
Raytheon Company opened for trading at $140.9 and hit $142.14 on the upside on Wednesday, eventually ending the session at $142.07, with a gain of 0.61% or 0.86 points. The heightened volatility saw the trading volume jump to 12,42,243 shares. Company has a market cap of $41,924 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.