Piershale Financial Group buys $29,258 stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Piershale Financial Group scooped up 1 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 212 shares of Raytheon Company which is valued at $29,258.Raytheon Company makes up approximately 0.02% of Piershale Financial Group’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.Naples Global Advisors reduced its stake in RTN by selling 550 shares or 6.14% in the most recent quarter. The Hedge Fund company now holds 8,407 shares of RTN which is valued at $1,167,564. Raytheon Company makes up approx 0.47% of Naples Global Advisors’s portfolio.Marquette Asset Management reduced its stake in RTN by selling 128 shares or 7.83% in the most recent quarter. The Hedge Fund company now holds 1,506 shares of RTN which is valued at $209,153. Raytheon Company makes up approx 0.09% of Marquette Asset Management’s portfolio. Forte Capital Adv added RTN to its portfolio by purchasing 1,575 company shares during the most recent quarter which is valued at $218,736. Raytheon Company makes up approx 0.08% of Forte Capital Adv’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in RTN by selling 87,548 shares or 65.32% in the most recent quarter. The Hedge Fund company now holds 46,480 shares of RTN which is valued at $6,437,015. Raytheon Company makes up approx 0.03% of Bnp Paribas Arbitrage Sa’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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