Economy

Raytheon Company (RTN) Position Raised by USS Investment Management Ltd

Raytheon Company (NYSE:RTN) ended its day at $186.89 with the rising stream of -2.23% and its total traded volume was 1.82 million shares more than the average volume. Invesco holds 0.18% or 3.54M shares.

Raytheon declared that its board has authorized a stock buyback program on Wednesday, November 15th that allows the company to repurchase $2.00 billion in shares. LMR Partners LLP now owns 9,581 shares of the aerospace company's stock valued at $1,304,000 after buying an additional 1,177 shares during the last quarter.

Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, October 26th. It has outperformed by 7.33% the S&P500. The stock sank -0.47% last month and is up 29.47 this year. Lattice Semiconductor Corporation (NASDAQ:LSCC) has risen 35.73% since December 5, 2016 and is uptrending. It has underperformed by 20.12% the S&P500. It was reported on Dec, 5 by Barchart.com. We have $197.41 PT which if reached, will make NYSE:RTN worth $3.23B more. Physicians Financial Services Inc. increased its position in Raytheon Company by 2.5% in the third quarter.

Raytheon Company is a technology company, which specializes in defense and other government markets. The IH segment focuses on the development and commercialization of medicines and vaccines, and consumer healthcare products in various therapeutic areas, including internal medicine, vaccines, oncology, inflammation and immunology, and rare diseases, as well as consumer healthcare, such as dietary supplements, pain management, gastrointestinal, and respiratory and personal care. Therefore 68% are positive. Raytheon Company has a 52-week low of $130.97 and a 52-week high of $164.35. The stock was sold at an average price of $187.27, for a total transaction of $121,725.50. The rating was maintained by Citigroup on Monday, April 25 with "Buy". Finally, Oakworth Capital Inc. boosted its position in Raytheon by 34.9% during the 2nd quarter. The rating was maintained by Stifel Nicolaus with "Buy" on Friday, October 23. The company was maintained on Wednesday, November 29 by Piper Jaffray. Jefferies has "Hold" rating and $6.5 target.

The collective rating of 2.8 for Best Buy Co., Inc. The firm has "Buy" rating by Cowen & Co given on Thursday, July 27. On Thursday, June 1 the stock rating was maintained by Jefferies with "Hold". With 100 avg volume, 69 days are for VINDA INTERNATIONAL (OTCMKTS:VDAHF)'s short sellers to cover VDAHF's short positions. (NASDAQ:COLL) to report earnings on March, 8. During the same period in the prior year, the firm posted $1.79 earnings per share. sell-side analysts anticipate that Raytheon Company will post 7.61 earnings per share for the current fiscal year. They expect $4.74 earnings per share, up 21.54% or $0.84 from last year's $3.9 per share.

Investors sentiment decreased to 1.12 in 2017 Q2. The company has a quick ratio of 1.55, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. It turned negative, as 43 investors sold RTN shares while 348 reduced holdings.

Several other hedge funds and other institutional investors also recently made changes to their positions in RTN. Morgan Stanley initiated coverage on shares of Raytheon in a report on Tuesday, August 8th. Loring Wolcott And Coolidge Fiduciary Advisors Limited Liability Partnership Ma holds 6,448 shares or 0.02% of its portfolio. Cullen Frost Bankers reported 0.6% of its portfolio in Raytheon Company (NYSE:RTN). Sales for the past 5 years for Raytheon Company is -0.60%. Whitnell owns 4,025 shares for 0.29% of their portfolio. More interesting news about Raytheon Company (NYSE:RTN) were released by: Seekingalpha.com and their article: "Raytheon, Beyond Overvalued" published on November 16, 2017 as well as Prnewswire.com's news article titled: "Raytheon and Pivotal to accelerate cloud migration and speed software ..." with publication date: December 05, 2017. Wealthtrust holds 83 shares.

Shares of Raytheon Company (RTN) traded down $1.69 during trading hours on Wednesday, reaching $183.85. Moreover, Profund Ltd Liability Corporation has 0.05% invested in Raytheon Company (NYSE:RTN) for 7,131 shares. Metropolitan Life Insurance Co reported 0.16% stake. City Holdings owns 1,579 shares for 0.09% of their portfolio. Whitnell And Comm reported 4,025 shares stake.

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. State Of Tennessee Treasury Department accumulated 0.23% or 293,058 shares. Dumont & Blake Advisors Llc stated it has 0.34% in Raytheon Company (NYSE:RTN). After $1.97 actual earnings per share reported by Raytheon Company for the previous quarter, Wall Street now forecasts 3.05% EPS growth. The analyst recommendations from a month ago are 2 Buy, 13 Strong Buy, 0 Sell, 0 Hold and 0. Therefore 85% are positive. Analysts have placed a $205.39 price target on Raytheon Company, suggesting a 11.72% gain from recent close. Finally, Stifel Nicolaus lifted their price target on Raytheon from $185.00 to $195.00 and gave the stock a "hold" rating in a research report on Friday, October 27th. The rating was maintained by RBC Capital Markets with "Top Pick" on Friday, October 23.



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