Ferguson Wellman Capital Management Inc buys $43,872,413 stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Ferguson Wellman Capital Management Inc scooped up 19,421 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 317,893 shares of Raytheon Company which is valued at $43,872,413.Raytheon Company makes up approximately 1.79% of Ferguson Wellman Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Lenox Wealth Advisors sold out all of its stake in RTN during the most recent quarter. The investment firm sold 26 shares of RTN which is valued $3,611.Jacobs Coca reduced its stake in RTN by selling 133 shares or 1.58% in the most recent quarter. The Hedge Fund company now holds 8,279 shares of RTN which is valued at $1,149,788. Raytheon Company makes up approx 0.26% of Jacobs Coca’s portfolio.Howland Capital Management reduced its stake in RTN by selling 650 shares or 15.25% in the most recent quarter. The Hedge Fund company now holds 3,612 shares of RTN which is valued at $500,226. Raytheon Company makes up approx 0.05% of Howland Capital Management’s portfolio.Marshwinds Advisory Co reduced its stake in RTN by selling 392 shares or 1.76% in the most recent quarter. The Hedge Fund company now holds 21,826 shares of RTN which is valued at $3,022,683. Raytheon Company makes up approx 1.46% of Marshwinds Advisory Co’s portfolio.

Raytheon Company closed down -0.66 points or -0.48% at $138.01 with 12,19,932 shares getting traded on Monday. Post opening the session at $138.67, the shares hit an intraday low of $137.95 and an intraday high of $139.3 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Raytheon Company reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.38. The company had revenue of $5763.00 million for the quarter, compared to analysts expectations of $5460.33 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 EPS.

Many Wall Street Analysts have commented on Raytheon Company. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 127 from a previous price target of $125 .Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Top Pick”, Firm has raised the Price Target to $ 148 from a previous price target of $147 .

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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