Western Asset Management Co Exits Position in Raytheon Company (RTN)

Raytheon Company (RTN) : Western Asset Management Co has sold out all of its stake in Raytheon Company during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 14 shares of Raytheon Company which is valued at $1,992.

Other Hedge Funds, Including , Brinker Capital Inc boosted its stake in RTN in the latest quarter, The investment management firm added 674 additional shares and now holds a total of 4,750 shares of Raytheon Company which is valued at $675,688. Raytheon Company makes up approx 0.06% of Brinker Capital Inc’s portfolio. Winton Capital Group Ltd added RTN to its portfolio by purchasing 90,561 company shares during the most recent quarter which is valued at $12,882,302. Raytheon Company makes up approx 0.20% of Winton Capital Group Ltd’s portfolio.Teacher Retirement System Of Texas boosted its stake in RTN in the latest quarter, The investment management firm added 4,642 additional shares and now holds a total of 225,689 shares of Raytheon Company which is valued at $31,587,432. Raytheon Company makes up approx 0.21% of Teacher Retirement System Of Texas’s portfolio.Benedict Financial Advisors Inc reduced its stake in RTN by selling 323 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 25,766 shares of RTN which is valued at $3,487,170. Raytheon Company makes up approx 2.01% of Benedict Financial Advisors Inc’s portfolio.

Raytheon Company closed down -0.17 points or -0.12% at $139.96 with 12,72,159 shares getting traded on Thursday. Post opening the session at $140.39, the shares hit an intraday low of $138.83 and an intraday high of $140.7699 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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