Published: Thu, March 15, 2018
Business | By Tara Barton

Bain Capital Public Equity Management LLC Purchases New Position in Raytheon (RTN)


The stock increased 0.84% or $1.77 during the last trading session, reaching $211.81. About 584,760 shares traded. It is down 0.00% since March 12, 2017 and is. It has outperformed by 3.95% the S&P500.

Fiduciary Financial Services Of The Southwest Inc increased Raytheon Co (RTN) stake by 20.06% reported in 2017Q3 SEC filing. Pillar Pacific Capital Management Llc sold 1,668 shares as Raytheon Company New (RTN)'s stock rose 4.85%. Rhumbline Advisers now owns 909,428 shares of the credit services provider's stock valued at $10,431,000 after acquiring an additional 131,348 shares in the last quarter. Thomaspartners Inc who had been investing in Raytheon Co for a number of months, seems to be less bullish one the $61.19 billion market cap company. The stock decreased 2.22% or $4.77 during the last trading session, reaching $210.04. About 1.96 million shares traded or 21.87% up from the average.

Teachers Advisors LLC decreased its holdings in Raytheon (NYSE:RTN) by 28.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. It has outperformed by 7.33% the S&P500.

Pillar Pacific Capital Management Llc increased Weibo International (NASDAQ:WB) stake by 4,195 shares to 83,298 valued at $8.24 million in 2017Q3.

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 71% are positive. Raytheon has a 12-month low of $148.65 and a 12-month high of $222.82. The stock was sold at an average price of $189.13, for a total transaction of $33,097.75. Raytheon Company had 76 analyst reports since July 28, 2015 according to SRatingsIntel. Sanford C. Bernstein lifted their price target on shares of Raytheon from $231.00 to $255.00 and gave the company an "outperform" rating in a research note on Monday, January 29th. On Friday, July 1 the stock rating was maintained by Peel Hunt with "Buy". The rating was maintained by Nomura on Wednesday, October 19 with "Neutral". The firm earned "Buy" rating on Friday, October 27 by Bank of America. The firm has "Buy" rating by Cowen & Co given on Thursday, July 27. The stock has "Equal-Weight" rating by Barclays Capital on Monday, November 30. On Friday, July 7 the stock rating was maintained by RBC Capital Markets with "Buy". On Friday, October 23 the stock rating was downgraded by Wolfe Research to "Peer Perform". Also, Director Letitia A. Long sold 650 shares of the company's stock in a transaction dated Tuesday, January 2nd.

Investors sentiment decreased to 0.96 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. It dived, as 50 investors sold BA shares while 609 reduced holdings. 44 funds opened positions while 158 raised stakes. 411.79 million shares or 1.95% less from 419.99 million shares in 2017Q2 were reported. Whittier Trust Of Nevada Inc reported 5,838 shares. Ser Automobile Association stated it has 0.18% in Raytheon Company (NYSE:RTN). The Ontario - Canada-based Bank & Trust Of Montreal Can has invested 0.08% in Raytheon Company (NYSE:RTN). Davenport And Limited Liability Co invested in 0.05% or 22,536 shares.

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Css Llc, which manages about $2.05 billion US Long portfolio, upped its stake in Pandora Media Inc (Put) (NYSE:P) by 313,800 shares to 316,300 shares, valued at $2.44M in 2017Q3, according to the filing. Motco holds 0.6% or 31,382 shares in its portfolio. Advisory Serv Networks Ltd Com holds 0.25% of its portfolio in Raytheon Company (NYSE:RTN) for 11,479 shares.

More notable recent Raytheon Company (NYSE:RTN) news were published by: Prnewswire.com which released: "Raytheon to enhance FAA's air traffic control system to improve safety and ..." on March 06, 2018, also Seekingalpha.com with their article: "Northrop Grumman Vs. Raytheon: Which Company Is A Better Investment?" published on February 23, 2018, Fool.com published: "Is Raytheon Co". Fiera Capital has invested 0.01% in Celanese Corporation (NYSE:CE). State Of Tennessee Treasury Department has 0.05% invested in DTE Energy Company (NYSE:DTE). Ajo Ltd Partnership has 0.2% invested in Celanese Corporation (NYSE:CE). Bb&T reported 2,736 shares or 0.01% of all its holdings. Synovus Financial has invested 0.1% in Raytheon Company (NYSE:RTN).

A number of equities analysts have issued reports on the company. Qs Invsts Lc accumulated 8,102 shares. During the same quarter in the previous year, the business posted $1.84 EPS.

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.09, from 1.12 in 2017Q2. It fall, as 42 investors sold RTN shares while 343 reduced holdings. 118 funds opened positions while 346 raised stakes. L & S reported 24,203 shares. Legacy Cap Prns stated it has 6,064 shares. $9.67M worth of Raytheon Company (NYSE:RTN) was sold by Kennedy Thomas A on Tuesday, February 13. Cambridge Tru Communication holds 0.09% of its portfolio in Raytheon Company (NYSE:RTN) for 7,558 shares. 437 are owned by Cornerstone Advsr Inc. Geode Capital Management LLC grew its stake in Raytheon by 3.3% during the fourth quarter. Da Davidson stated it has 20,368 shares. Wills Group Inc Inc accumulated 1,209 shares. Vanguard Gp has invested 0.2% of its portfolio in Raytheon Company (NYSE:RTN). 27,585 were reported by Comerica.

Raytheon announced that its board has approved a stock buyback plan on Wednesday, November 15th that permits the company to repurchase $2.00 billion in outstanding shares. Newsome Randa G had sold 8,540 shares worth $1.84M on Tuesday, February 13. It also increased its holding in Intel Corp (NASDAQ:INTC) by 680,293 shares in the quarter, for a total of 5.75M shares, and has risen its stake in Vulcan Matls Co (NYSE:VMC). Park Oh reported 0.02% in Raytheon Company (NYSE:RTN). They expect $2.08 earnings per share, up 20.23% or $0.35 from last year's $1.73 per share. RTN's profit will be $600.09 million for 25.25 P/E if the $2.08 EPS becomes a reality. The aerospace company reported $2.03 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.02 by $0.01.

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