Primed for Breakout or Bust? A look at Raytheon Company (NYSE:RTN)

The institutional investor held 258,940 shares of the industrial machinery and components company at the end of 2016Q4, valued at $36.77 million, up from 163,942 at the end of the previous reported quarter. The company has market cap of $123.32 million. About 10 shares traded. Finally, Cowen and Company reissued an "outperform" rating and set a $189.00 target price (up previously from $182.00) on shares of Raytheon in a research report on Thursday, August 10th. It has outperformed by 19.67% the S&P500.

Carmignac Gestion increased Mercadolibre Inc (MELI) stake by 2.59% reported in 2016Q4 SEC filing. United Bank Inc. now owns 28,264 shares of the aerospace company's stock worth $4,310,000 after buying an additional 1,791 shares in the last quarter. The Mount Lucas Management Lp holds 17,920 shares with $2.54 million value, down from 21,134 last quarter. The company has market cap of $78.15 billion. The stock decreased 0.07% or $0.12 during the last trading session, reaching $181.3. Raytheon Company (NYSE:RTN) has risen 24.03% since September 10, 2016 and is uptrending. It has outperformed by 7.33% the S&P500. Royal Fincl Bank Of Canada stated it has 0.11% in Raytheon Company (NYSE:RTN). Therefore 78% are positive. The rating was maintained by Stifel Nicolaus on Friday, October 23 with "Buy". RBC Capital Markets maintained the stock with "Buy" rating in Friday, July 7 report. The rating was maintained by Cowen & Co with "Buy" on Thursday, July 27. On Monday, April 3 the stock rating was maintained by Credit Suisse with "Buy". The firm has "Top Pick" rating by RBC Capital Markets given on Friday, January 29. The rating was maintained by Deutsche Bank on Friday, October 28 with "Hold".

Since March 24, 2017, it had 0 insider buys, and 10 selling transactions for $4.52 million activity. Baldwin Brothers Inc Ma has 0.02% invested in Raytheon Company (NYSE:RTN) for 604 shares.

COPYRIGHT VIOLATION NOTICE: "Retirement Systems of Alabama Sells 899 Shares of Raytheon Company (RTN)" was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. The insider Kremer Wesley D sold 1,010 shares worth $164,731. Shares for $235,017 were sold by Wood Michael J.

Investors sentiment decreased to 1.12 in 2016 Q4. First Manhattan Co. lifted its stake in Raytheon by 0.4% in the 1st quarter. It is negative, as 55 investors sold RTN shares while 327 reduced holdings. About 1.04 million shares traded. Sumitomo Mitsui Holding Inc stated it has 871,413 shares or 0.2% of all its holdings. As of quarter end Next Financial Group, Inc had acquired a total of 90 shares growing its position 3.9%. Solaris Asset Limited Liability accumulated 23,072 shares or 2.11% of the stock. 2,255 are held by Tci Wealth Advisors. Over the past week, shares are -0.18%. Spot Trading holds 9,875 shares or 0.03% of its portfolio. Riverhead Capital Limited Liability Corporation owns 0.17% invested in Raytheon Company (NYSE:RTN) for 19,924 shares. Pittenger & Anderson Inc invested in 0.18% or 11,600 shares. Moreover, Pacad Invest has 0.27% invested in Raytheon Company (NYSE:RTN) for 14,833 shares. Parsons Cap Mngmt Ri accumulated 0.07% or 3,669 shares. Chem Savings Bank invested 0.08% of its portfolio in Raytheon Company (NYSE:RTN). Cincinnati Specialty Underwriters Insurance Co, a Ohio-based fund reported 40,100 shares. Bluestein R H And invested 2.95% in Raytheon Company (NYSE:RTN). It also increased its holding in Vanguard Tax Managed Intl (VEA) by 124,344 shares in the quarter, for a total of 452,876 shares, and has risen its stake in Ishares Tr (IVV). Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Therefore 66% are positive. On Tuesday, September 29 the stock rating was upgraded by UBS to "Buy". As per Tuesday, August 11, the company rating was downgraded by Vetr. Liberum Capital has "Buy" rating and GBX 120 target. The firm earned "Buy" rating on Friday, July 7 by RBC Capital Markets. BidaskClub raised Raytheon from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 12th. The stock has "Sell" rating by Zacks on Thursday, September 3. Robert W. Baird maintained the stock with "Hold" rating in Friday, August 25 report. The firm has "Neutral" rating given on Thursday, July 13 by Citigroup. Unit Corp (NYSE:UNT) was reduced too. The firm has "Buy" rating given on Tuesday, September 8 by Nomura.

Investors sentiment increased to 2.44 in Q4 2016. Its up 0.52, from 0.99 in 2016Q3. Security Bancshares Of So Dak invested in 1,600 shares. 207 funds opened positions while 479 raised stakes. Crestwood Advisors Group LLC purchased a new stake in Raytheon in the 1st quarter worth about $110,000. Srb holds 0.02% or 1,166 shares. Manning Napier Limited Co, a New York-based fund reported 49,022 shares. 846,339 were reported by Golub Gp Ltd Llc. In the latest earnings report the EPS was $7.24 and is projected to be $7.59 for the current year with 290,248,000 shares now outstanding. Wellington Ltd Liability Partnership invested in 2.69 million shares or 0.1% of the stock.

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