Big Money Sentiment About Raytheon Co (NYSE:RTN) Dropped to 0.98

June 27, 2018 - By Gregory Tomko

Raytheon Company (NYSE:RTN) Corporate Logo

“Big money” Positions

In 2018 Q1 Raytheon Co (NYSE:RTN) big money sentiment decreased to 0.98, according to SEC filings. So its down -0.11, from 2017Q4’s 1.09. 441 hedge funds started new and increased positions, while 451 decreased and sold their holdings in Raytheon Co so the sentiment dived. These funds own 201.09 million shares, that’s down from 202.53 million shares in 2017Q4. Funds holding Raytheon Co in top 10 increased from 32 to 47 for an increase of 15. In total 55 funds closed positions, 396 reduced and 336 increased. Also 105 funds bought new Raytheon Co stakes.

Largest Raytheon Co Shareholders

As of 2018 Q1 Oakmont Corp has 8.6% invested in Raytheon Co. Raytheon Co’s shareholder Canal Insurance Co owns 65,000 shares as of 2018 Q1. Old Point Trust & Financial Services N A reported 39,732 shares. Sasco Capital Inc Ct revealed 535,239 shares position in Raytheon Co. The California-based fund Cypress Funds Llc looks positive on Raytheon Co, having 137,000 shares.

Raytheon Company develops technologically integrated products, services, and solutions worldwide.The firm is worth $55.78 billion. It operates through five divisions: Integrated Defense Systems ; Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.27.95 is the P/E ratio. The IDS segment provides integrated air and missile defense; land and sea radar solutions; command, control, communications, computers, cyber, and intelligence solutions; and naval combat and ship electronic systems.

RTN reached $194.2 during the last trading session after $0.3 change.Currently Raytheon Company is uptrending after 29.53% change in last June 27, 2017. RTN has 18,208 shares volume. The stock outperformed the S&P500 by 16.96%.

On July, 26. Investors expect Raytheon Company (NYSE:RTN) to report its quarterly earnings, according to Zacks. This year’s EPS analyst estimate is awaited to be $2.32. That is 17.17 % up compareed to $1.98 EPS for last year. The profit will be $666.42 million for RTN if $2.32 EPS becomes true. Analysts at Wall Street see Raytheon Company’s 5.45 % EPS growth compared to $2.20 EPS for previous quarter.

Kornitzer Cap Mgmt Inc Ks has invested 0.03% in Raytheon Company (NYSE:RTN). Fdx Advsr holds 11,680 shs or 0.08% of its capital. Peoples Ser Corporation invested 0.11% in Raytheon Company (NYSE:RTN). Catawba Cap Mngmt Va owns 7,146 shs for 0.37% of their capital. State Treasurer State Of Michigan owns 0.15% invested in Raytheon Company (NYSE:RTN) for 84,936 shs. Ironwood Investment Mgmt Ltd has invested 0.41% in Raytheon Company (NYSE:RTN). Gm Advisory Gp has invested 0.12% in Raytheon Company (NYSE:RTN). Amica Mutual accumulated 17,742 shs. Stanley holds 5,774 shs or 0.28% of its capital. Moreover, Epoch Investment Prns has 0.48% invested in Raytheon Company (NYSE:RTN). San Francisco Sentry Invest Grp Incorporated (Ca) has 0.25% invested in Raytheon Company (NYSE:RTN). Tru Com Of Oklahoma holds 0% or 4,142 shs. 25,833 are owned by Sumitomo Mitsui Asset Mgmt Co Limited. Visionary Asset Mgmt Incorporated holds 1,336 shs. Washington Com stated it has 0.06% of its capital in Raytheon Company (NYSE:RTN).

Raytheon Company had 24 selling transactions and 1 insider purchase since January 2, 2018. This’s net activity of $32.55 million. The insider WAJSGRAS DAVID C sold $2.77 million. Shares for $249,895 were bought by Paliwal Dinesh C. On Tuesday, February 13 8,540 shs were sold by Newsome Randa G, worth $1.84 million. Wood Michael J sold $410,738 worth of stock or 1,974 shs. Long Letitia A sold $120,790 worth of Raytheon Company (NYSE:RTN) on Tuesday, January 2. Another trade for 9,826 shs valued at $2.12M was sold by Jimenez Frank R.

Raytheon Company (NYSE:RTN) Ratings Coverage

Total analysts of 10 have positions in Raytheon (NYSE:RTN) as follows: 8 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 80%. The firm has $26200 highest while $210.0 is the lowest target. The average target $235.50 is 21.27% above the last ($194.2) price. Since January 8, 2018 according to StockzIntelligence Inc Raytheon has 14 analyst reports. On Monday, January 8 the firm has “Buy” rating by Stifel Nicolaus given. On Thursday, April 12 Morgan Stanley maintained the shares of RTN in report with “Overweight” rating. In Friday, January 26 report Stifel Nicolaus maintained the stock with “Buy” rating. On Friday, April 6 RBC Capital Markets maintained Raytheon Company (NYSE:RTN) with “Buy” rating. On Monday, January 8 Jefferies maintained Raytheon Company (NYSE:RTN) rating. Jefferies has “Buy” rating and $220.0 target. In Tuesday, January 16 report Wells Fargo maintained it with “Buy” rating and $215.0 target. On Thursday, January 25 the firm earned “Buy” rating by Jefferies. On Tuesday, January 23 the firm has “Buy” rating given by RBC Capital Markets. On Monday, January 29 Bernstein maintained Raytheon Company (NYSE:RTN) rating. Bernstein has “Buy” rating and $255.0 target. On Friday, February 23 the stock has “Overweight” rating by Morgan Stanley.

For more Raytheon Company (NYSE:RTN) news posted briefly go to: Fool.com, Fool.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Better Buy: Raytheon Company (RTN) vs. Northrop Grumman (NOC)” posted on June 25, 2018, “How Lockheed Shaved $3 Billion Off F-35 Costs” on June 20, 2018, “Buy Lockheed Martin On Weakness – Cramer’s Lightning Round (6/14/18)” with a publish date: June 15, 2018, “Raytheon CEO sees continuing demand for Patriot missiles” and the last “Raytheon: Technology-Focused Defense Player” with publication date: June 05, 2018.

Raytheon Company (NYSE:RTN) Institutional Investors Chart

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