Mitchell Sinkler Starrpa Lowers stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Mitchell Sinkler Starrpa reduced its stake in Raytheon Company by 1.14% during the most recent quarter end. The investment management company now holds a total of 8,700 shares of Raytheon Company which is valued at $1,194,510 after selling 100 shares in Raytheon Company , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Raytheon Company makes up approximately 1.90% of Mitchell Sinkler Starrpa’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added RTN to its portfolio by purchasing 106 company shares during the most recent quarter which is valued at $14,554.Central Bank Trust Co boosted its stake in RTN in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 156 shares of Raytheon Company which is valued at $21,338. Raytheon Company makes up approx 0.01% of Central Bank Trust Co’s portfolio.Indiana Trust Investment Management Co reduced its stake in RTN by selling 205 shares or 8.69% in the most recent quarter. The Hedge Fund company now holds 2,153 shares of RTN which is valued at $295,241. Raytheon Company makes up approx 0.15% of Indiana Trust Investment Management Co’s portfolio.Kempner Capital Management reduced its stake in RTN by selling 600 shares or 3.34% in the most recent quarter. The Hedge Fund company now holds 17,371 shares of RTN which is valued at $2,382,085. Raytheon Company makes up approx 1.63% of Kempner Capital Management’s portfolio.

Raytheon Company closed down -1 points or -0.73% at $136.3 with 11,91,374 shares getting traded on Tuesday. Post opening the session at $137, the shares hit an intraday low of $136.02 and an intraday high of $137.455 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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