Worth Watching: Raytheon Company Can’t Burn Your Short Portfolio. Has Another Weak Session

Worth Watching: Raytheon Company Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Raytheon Company (NYSE:RTN) is a huge mover today! About 637,935 shares traded hands. Raytheon Company (NYSE:RTN) has risen 12.54% since March 11, 2016 and is uptrending. It has outperformed by 7.08% the S&P500.
The move comes after 5 months negative chart setup for the $40.75B company. It was reported on Oct, 14 by Barchart.com. We have $129.32 PT which if reached, will make NYSE:RTN worth $2.45B less.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on October, 27. They expect $1.69 earnings per share, up 14.97% or $0.22 from last year’s $1.47 per share. RTN’s profit will be $500.60 million for 20.35 P/E if the $1.69 EPS becomes a reality. After $1.75 actual earnings per share reported by Raytheon Company for the previous quarter, Wall Street now forecasts -3.43% negative EPS growth.

Raytheon Company (NYSE:RTN) Ratings Coverage

Out of 14 analysts covering Raytheon Company (NYSE:RTN), 10 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 71% are positive. Raytheon Company has been the topic of 29 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock has “Sell” rating given by Zacks on Thursday, September 3. The stock of Raytheon Company (NYSE:RTN) has “Top Pick” rating given on Friday, April 29 by RBC Capital Markets. The stock of Raytheon Company (NYSE:RTN) has “Top Pick” rating given on Thursday, September 17 by RBC Capital Markets. The stock of Raytheon Company (NYSE:RTN) has “Outperform” rating given on Thursday, October 6 by Robert W. Baird. Barclays Capital maintained the shares of RTN in a report on Monday, May 2 with “Equal Weight” rating. The firm has “Buy” rating by Argus Research given on Thursday, November 12. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Friday, July 29 by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, July 28 by Bank of America. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, January 29. The rating was maintained by RBC Capital Markets on Wednesday, September 2 with “Buy”.

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.”

Insitutional Activity: The institutional sentiment is 1.22 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 59 funds sold all Raytheon Company shares owned while 295 reduced positions. only 92 funds bought stakes while 341 increased positions. They now own 226.41 million shares or 4.12% less from 236.13 million shares in 2016Q1.
Brinker Cap holds 0.06% of its portfolio in Raytheon Company (NYSE:RTN) for 4,750 shares. Commonwealth Equity Svcs has 0.08% invested in the company for 68,418 shares. Sei Invs owns 293,772 shares or 0.24% of their US portfolio. Stifel, a Missouri-based fund reported 441,078 shares. Stock Yards Commercial Bank & Comm holds 0.04% or 2,416 shares in its portfolio. Douglass Winthrop Advsrs Ltd Liability has 12,675 shares for 0.11% of their US portfolio. State Of Wisconsin Inv Board holds 0.21% or 390,762 shares in its portfolio. Wealthcare Capital Lc reported 15 shares or 0% of all its holdings. Hbk Sorce Advisory Ltd Company has 0.11% invested in the company for 3,930 shares. Moreover, Newman Dignan And Sheerar Inc has 0.2% invested in Raytheon Company (NYSE:RTN) for 2,357 shares. Tudor Inv Corp Et Al last reported 76,435 shares in the company. Brighton Jones Limited Co holds 0.08% of its portfolio in Raytheon Company (NYSE:RTN) for 3,450 shares. Moreover, Boston Family Office Ltd Com has 0.3% invested in Raytheon Company (NYSE:RTN) for 17,236 shares. Bridgeway Cap Mngmt last reported 1,800 shares in the company. Callahan Limited has invested 0.11% of its portfolio in Raytheon Company (NYSE:RTN).

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 7 sales for $4.41 million net activity. Wood Michael J sold $344,310 worth of Raytheon Company (NYSE:RTN) on Monday, June 6. 4,336 Raytheon Company (NYSE:RTN) shares with value of $580,167 were sold by Lawrence Taylor W. RHOADS REBECCA R also sold $639,696 worth of Raytheon Company (NYSE:RTN) on Monday, June 6. 13,858 shares were sold by Kennedy Thomas A, worth $1.85 million. O’Brien Anthony F sold $165,087 worth of stock. Shares for $358,160 were sold by Clark Vernon E on Tuesday, August 2.

More notable recent Raytheon Company (NYSE:RTN) news were published by: Benzinga.com which released: “Mike Khouw Sees Unusual Options Activity In Raytheon” on October 14, 2016, also Prnewswire.com with their article: “Raytheon developing next-generation human/machine interface for armored ground …” published on October 10, 2016, Prnewswire.com published: “Raytheon, Logos collaborate on advanced multi-intelligence sensors” on October 05, 2016. More interesting news about Raytheon Company (NYSE:RTN) were released by: Profitconfidential.com and their article: “Raytheon Company: Triple-Digit Upside for RTN Stock?” published on September 23, 2016 as well as Prnewswire.com‘s news article titled: “Raytheon wins two Brandon Hall Excellence in Learning Awards for virtual …” with publication date: September 28, 2016.

RTN Company Profile

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).

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