Caxton Associates Lp buys $53,372,200 stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Caxton Associates Lp scooped up 355,200 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 375,200 shares of Raytheon Company which is valued at $53,372,200.Raytheon Company makes up approximately 2.20% of Caxton Associates Lp’s portfolio.

Other Hedge Funds, Including , Us Financial Advisors sold out all of its stake in RTN during the most recent quarter. The investment firm sold 475 shares of RTN which is valued $67,569.Ipswich Investment Management reduced its stake in RTN by selling 360 shares or 1.4% in the most recent quarter. The Hedge Fund company now holds 25,322 shares of RTN which is valued at $3,562,299. Raytheon Company makes up approx 1.73% of Ipswich Investment Management’s portfolio.Dynamic Advisors Solutions reduced its stake in RTN by selling 142 shares or 3.99% in the most recent quarter. The Hedge Fund company now holds 3,413 shares of RTN which is valued at $462,803. Raytheon Company makes up approx 0.18% of Dynamic Advisors Solutions’s portfolio.Willingdon Wealth Management boosted its stake in RTN in the latest quarter, The investment management firm added 1,063 additional shares and now holds a total of 14,821 shares of Raytheon Company which is valued at $2,009,728. Raytheon Company makes up approx 1.00% of Willingdon Wealth Management’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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