Regentatlantic Capital Lowers stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Regentatlantic Capital reduced its stake in Raytheon Company by 4.87% during the most recent quarter end. The investment management company now holds a total of 66,214 shares of Raytheon Company which is valued at $9,149,451 after selling 3,388 shares in Raytheon Company , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Raytheon Company makes up approximately 0.86% of Regentatlantic Capital’s portfolio.

Other Hedge Funds, Including , North American Management Corp reduced its stake in RTN by selling 3,032 shares or 8.38% in the most recent quarter. The Hedge Fund company now holds 33,152 shares of RTN which is valued at $4,580,943. Raytheon Company makes up approx 0.74% of North American Management Corp’s portfolio.Btr Capital Management Inc boosted its stake in RTN in the latest quarter, The investment management firm added 16,330 additional shares and now holds a total of 26,748 shares of Raytheon Company which is valued at $3,691,491. Raytheon Company makes up approx 0.82% of Btr Capital Management Inc’s portfolio.Sumitomo Life Insurance Co reduced its stake in RTN by selling 498 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 14,160 shares of RTN which is valued at $1,954,222. Raytheon Company makes up approx 0.26% of Sumitomo Life Insurance Co’s portfolio.Patten Patten Inctn boosted its stake in RTN in the latest quarter, The investment management firm added 34,466 additional shares and now holds a total of 66,561 shares of Raytheon Company which is valued at $9,218,033. Raytheon Company makes up approx 1.26% of Patten Patten Inctn’s portfolio.

Raytheon Company opened for trading at $138.62 and hit $139.08 on the upside on Wednesday, eventually ending the session at $138.18, with a gain of 0.15% or 0.21 points. The heightened volatility saw the trading volume jump to 18,13,924 shares. Company has a market cap of $41,037 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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