Raytheon Co Stock as Institutional Investors Enter

September 30, 2018 - By Billy Entrekin

Raytheon Company (NYSE:RTN) Logo

Sentiment for Raytheon Co (NYSE:RTN)

Raytheon Co (NYSE:RTN) institutional sentiment increased to 1.01 in Q2 2018. Its up 0.03, from 0.98 in 2018Q1. The ratio is positive, as 445 active investment managers increased or started new holdings, while 442 sold and trimmed stock positions in Raytheon Co. The active investment managers in our partner’s database now own: 200.87 million shares, down from 201.09 million shares in 2018Q1. Also, the number of active investment managers holding Raytheon Co in their top 10 holdings decreased from 47 to 24 for a decrease of 23. Sold All: 63 Reduced: 379 Increased: 337 New Position: 108.

Raytheon Company develops technologically integrated products, services, and solutions worldwide. The company has market cap of $58.95 billion. It operates through five divisions: Integrated Defense Systems ; Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint. It has a 24.93 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.

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.

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.

Oakmont Corp holds 7.88% of its portfolio in Raytheon Company for 306,807 shares. Old Point Trust & Financial Services N A owns 40,576 shares or 4.3% of their US portfolio. Moreover, Canal Insurance Co has 4.15% invested in the company for 65,000 shares. The California-based Cypress Funds Llc has invested 4.14% in the stock. Sasco Capital Inc Ct, a Connecticut-based fund reported 525,301 shares.

Since January 1, 0001, it had 1 insider buy, and 6 selling transactions for $1.55 million activity.

Raytheon Company (NYSE:RTN) Ratings Coverage

Ratings analysis reveals 83% of Raytheon’s analysts are positive. Out of 6 Wall Street analysts rating Raytheon, 5 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $219 while the high is $26200. The stock’s average target of $237.33 is 14.84% above today’s ($206.66) share price. RTN was included in 7 notes of analysts from April 6, 2018. Credit Suisse downgraded Raytheon Company (NYSE:RTN) rating on Tuesday, May 22. Credit Suisse has “Neutral” rating and $219 target. The firm has “Overweight” rating by Morgan Stanley given on Thursday, April 12. The company was maintained on Thursday, July 12 by Morgan Stanley. As per Friday, April 6, the company rating was maintained by RBC Capital Markets. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Tuesday, April 17 by Cowen & Co. Stifel Nicolaus maintained the shares of RTN in report on Friday, July 27 with “Buy” rating.

More notable 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 Investorplace.com with their article: “3 Defense Stocks to Buy Right Now” published on September 20, 2018, Finance.Yahoo.com published: “Space Force Costs Are Murky, but the Opportunity for Contractors Is Clear” on September 29, 2018. More interesting news about Raytheon Company (NYSE:RTN) were released by: Bizjournals.com and their article: “Lockheed Martin projects 75 percent cost reduction with new F-35 processor” published on September 27, 2018 as well as Seekingalpha.com‘s news article titled: “Time To Buy Raytheon?” with publication date: September 13, 2018.

Raytheon Company (NYSE:RTN) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: