Gwm Advisors buys $3,506,006 stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Gwm Advisors scooped up 2,737 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 25,404 shares of Raytheon Company which is valued at $3,506,006.Raytheon Company makes up approximately 1.44% of Gwm Advisors’s portfolio.

Other Hedge Funds, Including , Ferguson Wellman Capital Management Inc boosted its stake in RTN in the latest quarter, The investment management firm added 19,421 additional shares and now holds a total of 317,893 shares of Raytheon Company which is valued at $43,872,413. Raytheon Company makes up approx 1.79% of Ferguson Wellman Capital Management Inc’s portfolio.Capstone Asset Management Co boosted its stake in RTN in the latest quarter, The investment management firm added 1,773 additional shares and now holds a total of 59,586 shares of Raytheon Company which is valued at $8,275,304. Raytheon Company makes up approx 0.24% of Capstone Asset Management 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.Alpha Windward reduced its stake in RTN by selling 23 shares or 3.62% in the most recent quarter. The Hedge Fund company now holds 613 shares of RTN which is valued at $84,894. Raytheon Company makes up approx 0.06% of Alpha Windward’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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