Raytheon Company (RTN) : Barrow Hanley Mewhinney Strauss reduced its stake in Raytheon Company by 11.92% during the most recent quarter end. The investment management company now holds a total of 4,904,529 shares of Raytheon Company which is valued at $698,012,567 after selling 663,439 shares in Raytheon Company , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Raytheon Company makes up approximately 1.03% of Barrow Hanley Mewhinney Strauss’s portfolio.
Other Hedge Funds, Including , Blair William Coil boosted its stake in RTN in the latest quarter, The investment management firm added 12,142 additional shares and now holds a total of 39,294 shares of Raytheon Company which is valued at $5,592,322. Raytheon Company makes up approx 0.05% of Blair William Coil’s portfolio.Reilly Financial Advisors reduced its stake in RTN by selling 99 shares or 9.86% in the most recent quarter. The Hedge Fund company now holds 905 shares of RTN which is valued at $127,315. Raytheon Company makes up approx 0.02% of Reilly Financial Advisors’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in RTN in the latest quarter, The investment management firm added 774 additional shares and now holds a total of 23,279 shares of Raytheon Company which is valued at $3,248,119. Raytheon Company makes up approx 0.10% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Baker Ellis Asset Management reduced its stake in RTN by selling 150 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 8,120 shares of RTN which is valued at $1,132,984. Raytheon Company makes up approx 0.35% of Baker Ellis Asset Management’s portfolio.Ibm Retirement Fund reduced its stake in RTN by selling 691 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 38,998 shares of RTN which is valued at $5,288,129. Raytheon Company makes up approx 0.19% of Ibm Retirement Fund’s portfolio.
Raytheon Company opened for trading at $142.13 and hit $143.39 on the upside on Monday, eventually ending the session at $142.52, with a gain of 0.19% or 0.27 points. The heightened volatility saw the trading volume jump to 13,26,284 shares. Company has a market cap of $42,057 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.