Raytheon Company (RTN) : Budros Ruhlin Roe scooped up 115 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 8,865 shares of Raytheon Company which is valued at $1,261,046.Raytheon Company makes up approximately 0.41% of Budros Ruhlin Roe’s portfolio.
Other Hedge Funds, Including , Keybank National Associationoh reduced its stake in RTN by selling 2,417 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 106,897 shares of RTN which is valued at $15,206,098. Raytheon Company makes up approx 0.10% of Keybank National Associationoh’s portfolio. Halbert Hargroverussell sold out all of its stake in RTN during the most recent quarter. The investment firm sold 1,874 shares of RTN which is valued $266,708.Tradewinds Capital Management boosted its stake in RTN in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 680 shares of Raytheon Company which is valued at $94,880. Raytheon Company makes up approx 0.07% of Tradewinds Capital Management’s portfolio.Aviance Capital Management boosted its stake in RTN in the latest quarter, The investment management firm added 1,037 additional shares and now holds a total of 5,348 shares of Raytheon Company which is valued at $723,798. Raytheon Company makes up approx 0.02% of Aviance Capital Management’s portfolio.Nisa Investment Advisors boosted its stake in RTN in the latest quarter, The investment management firm added 16,572 additional shares and now holds a total of 117,944 shares of Raytheon Company which is valued at $16,277,451. Raytheon Company makes up approx 0.21% of Nisa Investment Advisors’s portfolio.
Raytheon Company closed down -0.09 points or -0.06% at $142.5 with 14,07,595 shares getting traded on Friday. Post opening the session at $142.22, the shares hit an intraday low of $141.88 and an intraday high of $142.695 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.