Hamilton Point Investment Advisors buys $4,026,955 stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Hamilton Point Investment Advisors scooped up 87 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 28,309 shares of Raytheon Company which is valued at $4,026,955.Raytheon Company makes up approximately 2.55% of Hamilton Point Investment Advisors’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in RTN in the latest quarter, The investment management firm added 64,485 additional shares and now holds a total of 430,409 shares of Raytheon Company which is valued at $61,225,680. Raytheon Company makes up approx 0.19% of Raymond James Associates’s portfolio.Qci Asset Management Incny reduced its stake in RTN by selling 275 shares or 26.19% in the most recent quarter. The Hedge Fund company now holds 775 shares of RTN which is valued at $109,089. Raytheon Company makes up approx 0.01% of Qci Asset Management Incny’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in RTN in the latest quarter, The investment management firm added 9,701 additional shares and now holds a total of 89,986 shares of Raytheon Company which is valued at $12,659,230. Raytheon Company makes up approx 0.28% of Oregon Public Employees Retirement Fund’s portfolio.Douglass Winthrop Advisors boosted its stake in RTN in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 12,675 shares of Raytheon Company which is valued at $1,760,304. Raytheon Company makes up approx 0.13% of Douglass Winthrop Advisors’s portfolio.

Raytheon Company closed down -1.47 points or -1.03% at $141.18 with 13,99,982 shares getting traded on Tuesday. Post opening the session at $142.88, the shares hit an intraday low of $141.13 and an intraday high of $143.13 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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