Private Capital Advisors Lowers stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Private Capital Advisors reduced its stake in Raytheon Company by 0.88% during the most recent quarter end. The investment management company now holds a total of 50,790 shares of Raytheon Company which is valued at $6,887,124 after selling 450 shares in Raytheon Company , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Raytheon Company makes up approximately 2.53% of Private Capital Advisors’s portfolio.

Other Hedge Funds, Including , Dowling Yahnke added RTN to its portfolio by purchasing 1,492 company shares during the most recent quarter which is valued at $202,315. Raytheon Company makes up approx 0.02% of Dowling Yahnke’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.Curian Capital reduced its stake in RTN by selling 42,211 shares or 65.8% in the most recent quarter. The Hedge Fund company now holds 21,943 shares of RTN which is valued at $3,038,886. Raytheon Company makes up approx 0.22% of Curian Capital’s portfolio. Iowa State Bank added RTN to its portfolio by purchasing 649 company shares during the most recent quarter which is valued at $89,880. Raytheon Company makes up approx 0.05% of Iowa State Bank’s portfolio.

Raytheon Company opened for trading at $136.67 and hit $138.2 on the upside on Thursday, eventually ending the session at $138.06, with a gain of 2.01% or 2.72 points. The heightened volatility saw the trading volume jump to 20,75,327 shares. Company has a market cap of $41,001 M.

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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