Raytheon Co (NYSE:RTN) Institutional Investors Sentiment

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Sentiment for Raytheon Co (NYSE:RTN)

Raytheon Co (NYSE:RTN) institutional sentiment decreased to 1.06 in Q2 2019. Its down -0.40, from 1.46 in 2019Q1. The ratio dived, as 446 hedge funds increased or opened new stock positions, while 419 sold and decreased equity positions in Raytheon Co. The hedge funds in our partner’s database now have: 194.19 million shares, down from 198.48 million shares in 2019Q1. Also, the number of hedge funds holding Raytheon Co in their top 10 stock positions decreased from 17 to 14 for a decrease of 3. Sold All: 67 Reduced: 352 Increased: 340 New Position: 106.

Raytheon Company develops technologically integrated products, services, and solutions worldwide. The company has market cap of $55.34 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 18.31 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 0.64% or $1.27 during the last trading session, reaching $198.72. About 1.70 million shares traded. Raytheon Company (NYSE:RTN) has declined 5.76% since September 13, 2018 and is downtrending. It has underperformed by 5.76% the S&P500.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on October, 24. They expect $2.86 earnings per share, up 27.11 % or $0.61 from last year’s $2.25 per share. RTN’s profit will be $796.49 million for 17.37 P/E if the $2.86 EPS becomes a reality. After $2.92 actual earnings per share reported by Raytheon Company for the previous quarter, Wall Street now forecasts -2.05 % negative EPS growth.

Oakmont Corp holds 6.59% of its portfolio in Raytheon Company for 249,576 shares. Soroban Capital Partners Lp owns 1.61 million shares or 4.21% of their US portfolio. Moreover, Mu Investments Co. Ltd. has 3.84% invested in the company for 34,700 shares. The Michigan-based Lafleur & Godfrey Llc has invested 3.79% in the stock. Old Point Trust & Financial Services N A, a Virginia-based fund reported 42,505 shares.

Raytheon Company (NYSE:RTN) Ratings Coverage

Ratings analysis reveals 25% of Raytheon’s analysts are positive. Out of 4 Wall Street analysts rating Raytheon, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $19500 while the high is $21800. The stock’s average target of $204 is 2.66% above today’s ($198.72) share price. RTN was included in 5 notes of analysts from April 3, 2019. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, June 10 report. On Tuesday, June 11 the stock rating was downgraded by Vertical Research to “Hold”. The company was downgraded on Wednesday, April 3 by UBS. Buckingham Research downgraded it to “Neutral” rating and $19500 target in Monday, June 24 report.

More notable recent Raytheon Company (NYSE:RTN) news were published by: Seekingalpha.com which released: “DoJ seeks additional info from United Technologies, Raytheon – Seeking Alpha” on August 15, 2019, also Seekingalpha.com with their article: “Boeing ‘kill vehicle’ contract canceled by Pentagon – Seeking Alpha” published on August 21, 2019, Seekingalpha.com published: “Raytheon added to BofA’s U.S. 1 List – Seeking Alpha” on August 20, 2019. More interesting news about Raytheon Company (NYSE:RTN) were released by: Seekingalpha.com and their article: “Javelin missiles remotely launched from unmanned vehicle – Seeking Alpha” published on September 10, 2019 as well as Prnewswire.com‘s news article titled: “Raytheon delivering wireless TOW missiles to US Army – PRNewswire” with publication date: August 21, 2019.

Raytheon Company (NYSE:RTN) Institutional Positions Chart

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