Raytheon Company (NYSE:RTN)'s Trend Unknown, Especially After Increased Shorts

Elias Hubbard
March 13, 2018

The stock increased 1.23% or $0.45 during the last trading session, reaching $37. 205.51 million shares or 1.55% less from 208.75 million shares in 2017Q2 were reported. SP Plus Corporation (NASDAQ:SP) has risen 33.01% since March 11, 2017 and is uptrending. It has outperformed by 12.03% the S&P500.

Commerce Bank decreased its stake in Raytheon Co (RTN) by 7.07% based on its latest 2017Q3 regulatory filing with the SEC. Pillar Pacific Capital Management Llc acquired 4,195 shares as Weibo International (WB)'s stock rose 41.58%. The aerospace company reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.01. Howe & Rusling Inc who had been investing in Raytheon Co for a number of months, seems to be less bullish one the $61.97 billion market cap company.

Shares of Raytheon (NYSE:RTN) traded up $0.72 during midday trading on Friday, hitting $214.81. 821,372 shares of the company were exchanged, compared to its average volume of 1,717,912.

Raytheon (NYSE:RTN) last posted its quarterly earnings results on Thursday, January 25th. It has outperformed by 7.33% the S&P500.

Since October 2, 2017, it had 0 insider buys, and 11 selling transactions for $23.68 million activity. $2.77 million worth of stock was sold by WAJSGRAS DAVID C on Tuesday, February 13.

Lazard Asset Management LLC lowered its position in Raytheon (NYSE:RTN) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

Since December 12, 2017, it had 2 insider buys, and 0 insider sales for $2.91 million activity. Shares for $120,790 were sold by Long Letitia A on Tuesday, January 2. Boulegeris Investments Inc. now owns 11,550 shares of the aerospace company's stock worth $2,155,000 after buying an additional 2,835 shares during the last quarter. During the same quarter in the previous year, the company earned $1.84 earnings per share. research analysts expect that Raytheon will post 9.66 EPS for the current fiscal year. Therefore 81% are positive. Morgan Stanley increased their target price on shares of Raytheon from $224.00 to $245.00 and gave the company an "overweight" rating in a research report on Friday, February 23rd. On Friday, April 29 the stock rating was maintained by RBC Capital Markets with "Top Pick". The stock of Ciena Corporation (NYSE:CIEN) has "Buy" rating given on Thursday, June 1 by BMO Capital Markets.

Raytheon declared that its Board of Directors has initiated a share repurchase program on Wednesday, November 15th that permits the company to repurchase $2.00 billion in outstanding shares. The stock of Raytheon Company (NYSE:RTN) earned "Buy" rating by Stifel Nicolaus on Friday, January 26. Another trade for 3,989 shares valued at $861,146 was made by Wood Michael J on Tuesday, February 13. Wells Fargo & Co restated an "outperform" rating and issued a $202.00 target price (up from $195.00) on shares of Raytheon in a research note on Tuesday, November 28th. Robert W. Baird reissued a "buy" rating and issued a $237.00 target price on shares of Raytheon in a report on Friday, January 26th. Raytheon now has an average rating of "Buy" and a consensus target price of $214.12. RBC Capital Markets maintained Raytheon Company (NYSE:RTN) on Sunday, October 8 with "Buy" rating. Barclays Capital has "Buy" rating and $150.0 target.

Investors sentiment increased to 1.81 in 2017 Q3. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.54 and a quick ratio of 1.46.

Several other hedge funds and other institutional investors also recently modified their holdings of RTN. APG Asset Management N.V. raised its stake in shares of Raytheon by 36.5% in the third quarter. Mason Street Ltd Liability Company reported 70,365 shares. First Natl Tru invested in 0.12% or 5,370 shares. Reliant Invest Mngmt Limited Liability Corp holds 3.62% of its portfolio in Raytheon Company (NYSE:RTN) for 23,050 shares. Wisconsin-based Northwestern Mutual Wealth has invested 0.03% in Raytheon Company (NYSE:RTN). Hbk Sorce Advisory Limited Liability invested 0.1% of its portfolio in Raytheon Company (NYSE:RTN). Oakworth Inc owns 0.06% invested in Facebook, Inc. (NASDAQ:PINC). Envestnet Asset Mgmt accumulated 19,269 shares. (NASDAQ:AAPL). Jrm Invest Counsel Ltd Com, Nebraska-based fund reported 28,051 shares. $2.80 million worth of Raytheon Company (NYSE:RTN) was sold by Lawrence Taylor W. Geode Mngmt Ltd Liability Co holds 0.23% or 3.38 million shares. Bank of New York Mellon Corp now owns 4,182,034 shares of the aerospace company's stock worth $785,594,000 after acquiring an additional 99,090 shares in the last quarter. Pathstone Family Office Llc holds 0.01% in Raytheon Company (NYSE:RTN) or 71 shares. USS Investment Management Ltd raised its stake in shares of Raytheon by 26.5% in the fourth quarter. Van Strum Towne holds 7,869 shares or 0.96% of its portfolio. RTN's profit will be $600.09 million for 25.73 P/E if the $2.08 EPS becomes a reality.

Howe & Rusling Inc, which manages about $798.49M and $540.49 million US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 16,107 shares to 153,052 shares, valued at $11.40 million in 2017Q3, according to the filing. It also reduced its holding in Ameriserv Finl Inc (NASDAQ:ASRV) by 80,971 shares in the quarter, leaving it with 1,000 shares, and cut its stake in American Express Co (NYSE:AXP). It also reduced Chevron Corporation (NYSE:CVX) stake by 12,064 shares and now owns 125,165 shares. Lenox Wealth Incorporated reported 85 shares. Another trade for 3,495 shares valued at $360,230 was sold by Sullivan George E. The insider Schaefer Elizabeth sold $154,665. Motco invested in 0.6% or 31,382 shares. Its up 0.02, from 0.68 in 2017Q2. 48 funds opened positions while 88 raised stakes. Dynamic Advsr Solutions Limited Company stated it has 7,672 shares or 0.57% of all its holdings. Schroder Investment Mgmt Group holds 0.14% or 444,018 shares. Tokio Marine Asset Limited owns 6,342 shares or 0.1% of their United States portfolio. (NASDAQ:AAPL) for 63,319 shares. Waters Parkerson & holds 0.67% of its portfolio in Apple Inc. (NASDAQ:AAPL). Catawba Mgmt Va holds 4.94% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 136,937 shares. Levin Cap Strategies Lp owns 4,475 shares. Whittier Co invested in 397,310 shares. Blair William Il reported 103,939 shares. It worsened, as 46 investors sold CIEN shares while 79 reduced holdings. J.P. Morgan downgraded the shares of RTN in report on Tuesday, December 12 to "Hold" rating. (NASDAQ:AAPL) to report earnings on May, 1. Veritable Lp invested in 0.27% or 75,791 shares.

Among 53 analysts covering Apple Inc.

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. Ciena had 86 analyst reports since August 18, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with "Buy" rating and $130.0 target in Friday, October 23 report. The stock of Facebook, Inc. (NASDAQ:AAPL) on Wednesday, October 12 with "Buy" rating. The firm earned "Buy" rating on Friday, October 23 by Stifel Nicolaus.

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