Sasco Capital INC Has Trimmed Raytheon (RTN) Position by $22.73 Million as Market Value Rose

May 26, 2018 - By Ellis Scott

Raytheon Company (NYSE:RTN) LogoInvestors sentiment decreased to 1.09 in 2017 Q4. Its down 0.12, from 1.21 in 2017Q3. It is negative, as 36 investors sold RTN shares while 374 reduced holdings. 106 funds opened positions while 340 raised stakes. 202.53 million shares or 1.45% less from 205.51 million shares in 2017Q3 were reported. Suntrust Banks Inc holds 259,107 shares. 74,285 were reported by Origin Asset Mngmt Llp. Aureus Asset Management Ltd Liability Com reported 0.12% stake. Eagle Asset Mngmt has invested 0.04% in Raytheon Company (NYSE:RTN). Laurion Cap Mngmt LP has invested 0.02% in Raytheon Company (NYSE:RTN). Barry Inv Ltd holds 1,512 shares. Aperio Gp Lc owns 294,395 shares for 0.29% of their portfolio. 3,070 were reported by Vident Advisory Ltd Liability Company. 293,592 are owned by Prudential Public Ltd Liability Co. Chelsea Counsel Com owns 9,530 shares. Parametric Portfolio Assocs Ltd Company invested in 975,893 shares or 0.18% of the stock. Bain Equity Management has 1.58% invested in Raytheon Company (NYSE:RTN). Rnc Cap Ltd Liability Corp has invested 0.06% in Raytheon Company (NYSE:RTN). Amica Mutual has 0.48% invested in Raytheon Company (NYSE:RTN) for 25,672 shares. Ssi Inv Mngmt invested in 2,500 shares.

Since January 2, 2018, it had 1 insider purchase, and 20 selling transactions for $31.62 million activity. Another trade for 3,989 shares valued at $861,146 was sold by Wood Michael J. $718,217 worth of Raytheon Company (NYSE:RTN) was sold by Jimenez Frank R. 8,540 shares valued at $1.84 million were sold by Newsome Randa G on Tuesday, February 13. The insider Kennedy Thomas A sold $1.30M. Shares for $120,790 were sold by Long Letitia A on Tuesday, January 2. Kremer Wesley D also sold $2.03M worth of Raytheon Company (NYSE:RTN) on Wednesday, March 28.

Sasco Capital Inc decreased its stake in Raytheon (RTN) by 16.17% based on its latest 2017Q4 regulatory filing with the SEC. Sasco Capital Inc sold 121,535 shares as the company’s stock rose 14.84% while stock markets declined. The institutional investor held 630,269 shares of the industrial machinery and components company at the end of 2017Q4, valued at $118.40M, down from 751,804 at the end of the previous reported quarter. Sasco Capital Inc who had been investing in Raytheon for a number of months, seems to be less bullish one the $60.69 billion market cap company. The stock decreased 1.25% or $2.67 during the last trading session, reaching $211.27. About 1.59M shares traded. Raytheon Company (NYSE:RTN) has risen 42.32% since May 26, 2017 and is uptrending. It has outperformed by 30.77% the S&P500.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on July, 26. They expect $2.31 earnings per share, up 16.67 % or $0.33 from last year’s $1.98 per share. RTN’s profit will be $663.54M for 22.86 P/E if the $2.31 EPS becomes a reality. After $2.20 actual earnings per share reported by Raytheon Company for the previous quarter, Wall Street now forecasts 5.00 % EPS growth.

More important recent Raytheon Company (NYSE:RTN) news were published by: Streetinsider.com which released: “Raytheon (RTN) Secures $395.8M Contract from US Army for Production of Romania’s New Patriot Air Missile Defense …” on May 25, 2018, also Seekingalpha.com published article titled: “Raytheon: Think Like An Attacker”, Seekingalpha.com published: “Raytheon: Buy The Dip” on April 30, 2018. More interesting news about Raytheon Company (NYSE:RTN) was released by: Seekingalpha.com and their article: “Look For Broken Stocks On Tepid Market Days – Cramer’s Mad Money (5/22/18)” with publication date: May 23, 2018.

Raytheon Company (NYSE:RTN) Ratings Coverage

Among 11 analysts covering Raytheon (NYSE:RTN), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Raytheon had 16 analyst reports since November 28, 2017 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Buy” on Tuesday, April 17. The stock of Raytheon Company (NYSE:RTN) earned “Buy” rating by Robert W. Baird on Friday, January 26. The company was maintained on Monday, January 29 by Bernstein. The rating was maintained by Wells Fargo on Tuesday, January 16 with “Buy”. RBC Capital Markets maintained it with “Buy” rating and $26200 target in Friday, April 6 report. Morgan Stanley maintained it with “Overweight” rating and $238 target in Thursday, April 12 report. J.P. Morgan downgraded the shares of RTN in report on Tuesday, December 12 to “Hold” rating. The company was maintained on Monday, January 8 by Stifel Nicolaus. The firm has “Buy” rating given on Thursday, January 25 by Jefferies. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Friday, January 26 by Stifel Nicolaus.

Raytheon Company (NYSE:RTN) Institutional Positions Chart

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