Raytheon Company (RTN) : Sasco Capital Inc Ct reduced its stake in Raytheon Company by 4.37% during the most recent quarter end. The investment management company now holds a total of 1,489,309 shares of Raytheon Company which is valued at $211,854,205 after selling 68,040 shares in Raytheon Company , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Raytheon Company makes up approximately 5.18% of Sasco Capital Inc Ct’s portfolio.
Other Hedge Funds, Including , Cleararc Capital Inc boosted its stake in RTN in the latest quarter, The investment management firm added 305 additional shares and now holds a total of 9,924 shares of Raytheon Company which is valued at $1,411,689. Raytheon Company makes up approx 0.26% of Cleararc Capital Inc’s portfolio. Trexquant Investment Lp sold out all of its stake in RTN during the most recent quarter. The investment firm sold 10,800 shares of RTN which is valued $1,536,300.Keybank National Associationoh reduced its stake in RTN by selling 2,417 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 106,897 shares of RTN which is valued at $15,206,098. Raytheon Company makes up approx 0.10% of Keybank National Associationoh’s portfolio.Rothschild Asset Management Inc boosted its stake in RTN in the latest quarter, The investment management firm added 1,928 additional shares and now holds a total of 57,881 shares of Raytheon Company which is valued at $8,142,699. Raytheon Company makes up approx 0.14% of Rothschild Asset Management Inc’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in RTN in the latest quarter, The investment management firm added 2,196 additional shares and now holds a total of 16,468 shares of Raytheon Company which is valued at $2,228,779. Raytheon Company makes up approx 0.06% of Candriam Luxembourg S.c.a.’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.