West Oak Capital buys $654,521 stake in Raytheon Company (RTN)

Raytheon Company (RTN) : West Oak Capital scooped up 4,474 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 4,773 shares of Raytheon Company which is valued at $654,521.Raytheon Company makes up approximately 0.45% of West Oak Capital’s portfolio.

Other Hedge Funds, Including , Eqis Capital Management boosted its stake in RTN in the latest quarter, The investment management firm added 198 additional shares and now holds a total of 2,080 shares of Raytheon Company which is valued at $285,230. Raytheon Company makes up approx 0.02% of Eqis Capital Management’s portfolio. Lvm Capital Management Ltdmi sold out all of its stake in RTN during the most recent quarter. The investment firm sold 1,527 shares of RTN which is valued $209,398.

Raytheon Company (RTN) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $137.77 and reached the intraday high at $139.15. The bulls started the profit booking and pushed the shares to intraday low of $136.41. The trading session was marked by a volume range of 39,02,927 shares exchanging hands. The 52-week high of the shares is $143.39 and the 52-week low is $107.778. The market cap of the company stands at $40,478 M and there are 29,50,95,000 shares in public circulation.

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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