Raytheon Co (RTN) Shareholder Bluestein R H & Company Has Trimmed Position by $11.94 Million

September 30, 2018 - By Lisa Delgado

Raytheon Company (NYSE:RTN) LogoInvestors sentiment increased to 1.01 in Q2 2018. Its up 0.03, from 0.98 in 2018Q1. It is positive, as 63 investors sold RTN shares while 379 reduced holdings. 108 funds opened positions while 337 raised stakes. 200.87 million shares or 0.11% less from 201.09 million shares in 2018Q1 were reported. Pekin Singer Strauss Asset Management Il owns 0.1% invested in Raytheon Company (NYSE:RTN) for 2,604 shares. 29,965 are owned by Renaissance Invest Grp Inc Limited Liability Corporation. Lazard Asset Management Ltd Llc holds 479,479 shares. 396 are owned by Baystate Wealth Ltd Llc. Moreover, Boulegeris Invs has 1.32% invested in Raytheon Company (NYSE:RTN) for 13,723 shares. Coastline Trust stated it has 0.31% of its portfolio in Raytheon Company (NYSE:RTN). Arrow Fincl has invested 0.15% in Raytheon Company (NYSE:RTN). Whittier Trust holds 0.26% or 55,758 shares. Bancorporation Of The West holds 0.03% or 1,160 shares. Bluemountain Capital Management Limited Liability Com holds 0.26% or 73,551 shares in its portfolio. Tortoise Invest Management Ltd Liability holds 0.02% of its portfolio in Raytheon Company (NYSE:RTN) for 323 shares. Cornerstone Inc has 8,000 shares. Clearbridge Invests Lc owns 2.42 million shares or 0.38% of their US portfolio. Prelude Cap Management Limited Co has 0.04% invested in Raytheon Company (NYSE:RTN) for 3,192 shares. Cambridge Advsr Inc holds 0.1% or 49,624 shares in its portfolio.

Since March 28, 2018, it had 1 insider purchase, and 6 selling transactions for $1.55 million activity. RHOADS REBECCA R had sold 12,054 shares worth $2.56M. Shares for $2.03 million were sold by Kremer Wesley D. Lawrence Taylor W had sold 1,241 shares worth $263,267. The insider Jimenez Frank R sold $320,152. Another trade for 523 shares valued at $112,078 was sold by Wood Michael J. Clark Vernon E sold $212,517 worth of stock.

Bluestein R H & Company decreased its stake in Raytheon Co (RTN) by 22.45% based on its latest 2018Q2 regulatory filing with the SEC. Bluestein R H & Company sold 61,881 shares as the company’s stock declined 3.47% while stock markets rallied. The hedge fund held 213,741 shares of the industrial machinery and components company at the end of 2018Q2, valued at $41.29M, down from 275,622 at the end of the previous reported quarter. Bluestein R H & Company who had been investing in Raytheon Co for a number of months, seems to be less bullish one the $58.95 billion market cap company. The stock increased 0.35% or $0.72 during the last trading session, reaching $206.66. About 1.60M shares traded or 7.65% up from the average. Raytheon Company (NYSE:RTN) has risen 8.68% since September 30, 2017 and is uptrending. It has underperformed by 6.94% the S&P500.

Bluestein R H & Company, which manages about $2.94B and $1.94B US Long portfolio, upped its stake in Alphabet Inc Cl C by 5,724 shares to 81,232 shares, valued at $90.63 million in 2018Q2, according to the filing. It also increased its holding in Edwards Lifesciences (NYSE:EW) by 74,820 shares in the quarter, for a total of 154,584 shares, and has risen its stake in Salesforce.Com Inc (NYSE:CRM).

Analysts await Raytheon Company (NYSE:RTN) to report earnings on October, 25. They expect $2.03 earnings per share, up 3.05 % or $0.06 from last year’s $1.97 per share. RTN’s profit will be $579.08 million for 25.45 P/E if the $2.03 EPS becomes a reality. After $2.45 actual earnings per share reported by Raytheon Company for the previous quarter, Wall Street now forecasts -17.14 % negative EPS growth.

More important recent Raytheon Company (NYSE:RTN) news were published by: Investorplace.com which released: “3 Big Stock Charts for Friday: Netflix, International Paper and Raytheon Company” on September 28, 2018, also Seekingalpha.com published article titled: “Time To Buy Raytheon?”, Finance.Yahoo.com published: “Space Force Costs Are Murky, but the Opportunity for Contractors Is Clear” on September 28, 2018. More interesting news about Raytheon Company (NYSE:RTN) was released by: Bizjournals.com and their article: “Lockheed Martin projects 75 percent cost reduction with new F-35 processor” with publication date: September 27, 2018.

Raytheon Company (NYSE:RTN) Ratings Coverage

Among 6 analysts covering Raytheon (NYSE:RTN), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Raytheon had 7 analyst reports since April 6, 2018 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Thursday, July 12. Stifel Nicolaus maintained the shares of RTN in report on Friday, July 27 with “Buy” rating. On Tuesday, May 22 the stock rating was downgraded by Credit Suisse to “Neutral”. The company was maintained on Tuesday, April 17 by Cowen & Co. The firm earned “Overweight” rating on Thursday, April 12 by Morgan Stanley. RBC Capital Markets maintained it with “Buy” rating and $26200 target in Friday, April 6 report.

Raytheon Company (NYSE:RTN) Institutional Positions Chart

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