November 24, 2016 - By Dolores Ford · 0 Comments
Raytheon Co (NYSE:RTN) institutional sentiment decreased to 1.2 in Q2 2016. Its down -0.02, from 1.22 in 2016Q1. The ratio worsened, as 433 investment professionals increased and started new positions, while 354 reduced and sold their stakes in Raytheon Co. The investment professionals in our partner’s database now hold: 226.41 million shares, down from 236.13 million shares in 2016Q1. Also, the number of investment professionals holding Raytheon Co in their top 10 positions increased from 17 to 24 for an increase of 7. Sold All: 59 Reduced: 295 Increased: 341 New Position: 92.
Raytheon Company , together with its subsidiaries, is a technology company. The company has a market cap of $43.92 billion. The Firm develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity. It has a 19.86 P/E ratio. It operates in five divisions: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS), and Forcepoint.
The stock increased 0.08% or $0.12 on November 23, hitting $147.88. About 1.60M shares traded hands. Raytheon Company (NYSE:RTN) has risen 16.99% since April 22, 2016 and is uptrending. It has outperformed by 11.58% the S&P500.
Analysts await Raytheon Company (NYSE:RTN) to report earnings on January, 26. They expect $1.86 EPS, down 3.63% or $0.07 from last year’s $1.93 per share. RTN’s profit will be $552.42M for 19.88 P/E if the $1.86 EPS becomes a reality. After $1.79 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts 3.91% EPS growth.
According to Zacks Investment Research, “Raytheon Company is a global technology company. The company provides products and services in the areas of defense and commercial electronics, engineering and construction, and business and special mission aircraft. Raytheon has operations throughout the United States and serves customers in numerous countries around the world.”
Telemark Asset Management Llc holds 5.63% of its portfolio in Raytheon Company for 180,000 shares. Lafleur & Godfrey Llc owns 125,950 shares or 5.07% of their US portfolio. Moreover, Sasco Capital Inc Ct has 5.06% invested in the company for 1.49 million shares. The South Carolina-based Canal Insurance Co has invested 4.07% in the stock. Old Point Trust & Financial Services N A, a Virginia-based fund reported 45,973 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 7 sales for $4.41 million net activity.
Ratings analysis reveals 71% of Raytheon Company’s analysts are positive. Out of 14 Wall Street analysts rating Raytheon Company, 10 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $118 while the high is $170. The stock’s average target of $140.21 is -5.19% below today’s ($147.88) share price. RTN was included in 30 notes of analysts from July 28, 2015. The rating was downgraded by Barclays Capital on Monday, November 30 to “Equal-Weight”. On Friday, October 23 the stock rating was downgraded by Wolfe Research to “Peer Perform”. JP Morgan upgraded Raytheon Company (NYSE:RTN) on Monday, October 12 to “Overweight” rating. The stock of Raytheon Company (NYSE:RTN) earned “Top Pick” rating by RBC Capital Markets on Friday, October 23. The company was downgraded on Thursday, September 3 by Zacks. The stock of Raytheon Company (NYSE:RTN) has “Outperform” rating given on Thursday, October 6 by Robert W. Baird. The company was maintained on Friday, October 28 by Deutsche Bank. As per Friday, October 23, the company rating was maintained by Deutsche Bank. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, October 23 report. The rating was maintained by RBC Capital Markets with “Top Pick” on Friday, January 29.
Raytheon Company (Raytheon), incorporated on December 17, 1953, together with its subsidiaries, is a technology company, which specializes in defense and other government markets. The Firm develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity. The Firm operates in five divisions: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS), and Forcepoint. The Company’s subsidiaries include Raytheon Systems Limited (RSL) and Raytheon Australia (RA).
More important recent Raytheon Company (NYSE:RTN) news were published by: Investorplace.com which released: “Trade of the Day: Raytheon Company (RTN) Stock on Target” on November 17, 2016, also Prnewswire.com published article titled: “Raytheon executives to speak at Credit Suisse 4th Annual Industrials …”, Prnewswire.com published: “Raytheon plans Southern Arizona expansion” on November 18, 2016. More interesting news about Raytheon Company (NYSE:RTN) was released by: Seekingalpha.com and their article: “Things You Should Know Before You Buy Raytheon” with publication date: November 14, 2016.
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By Dolores Ford