Could Raytheon Company (RTN) Change Direction After Achieving All Time High?

April 24, 2018 - By Maria Brooks

Raytheon Company (NYSE:RTN) Logo

Investors sentiment decreased to 1.09 in Q4 2017. Its down 0.12, from 1.21 in 2017Q3. It fall, as 36 investors sold Raytheon Company shares while 374 reduced holdings. 106 funds opened positions while 340 raised stakes. 202.53 million shares or 1.45% less from 205.51 million shares in 2017Q3 were reported.
Blume Capital Mgmt holds 150 shares or 0.01% of its portfolio. Moreover, Busey Tru has 1.19% invested in Raytheon Company (NYSE:RTN) for 49,404 shares. Nwq Invest Management Limited Liability Corp accumulated 351,905 shares. Tdam Usa reported 78,570 shares stake. Mirae Asset Glob Investments Limited reported 0.45% of its portfolio in Raytheon Company (NYSE:RTN). Mitchell Mcleod Pugh And Williams reported 1,460 shares. Lincoln reported 4,553 shares stake. Wetherby Asset Mngmt has invested 0.19% of its portfolio in Raytheon Company (NYSE:RTN). Telemus Ltd Liability Corp has invested 0.02% of its portfolio in Raytheon Company (NYSE:RTN). State Board Of Administration Of Florida Retirement has invested 0.21% of its portfolio in Raytheon Company (NYSE:RTN). Tower Rech Capital Llc (Trc) holds 0.09% or 3,549 shares in its portfolio. Bain Pub Equity Management Limited Com stated it has 116,975 shares or 1.58% of all its holdings. Conning owns 7,561 shares. Omers Administration reported 36,600 shares or 0.07% of all its holdings. Regions Financial has 279,632 shares.

Since January 2, 2018, it had 0 buys, and 19 selling transactions for $31.66 million activity. $410,738 worth of Raytheon Company (NYSE:RTN) was sold by Wood Michael J on Friday, January 26. Kremer Wesley D also sold $2.03M worth of Raytheon Company (NYSE:RTN) on Wednesday, March 28. Another trade for 12,820 shares valued at $2.77M was sold by WAJSGRAS DAVID C. Kennedy Thomas A sold $9.67M worth of stock or 44,778 shares. $718,217 worth of Raytheon Company (NYSE:RTN) was sold by Jimenez Frank R on Monday, January 29. Shares for $120,790 were sold by Long Letitia A.

The stock of Raytheon Company (NYSE:RTN) reached all time high today, Apr, 24 and still has $225.80 target or 3.00 % above today’s $219.22 share price. This indicates more upside for the $62.97 billion company. This technical setup was reported by If the $225.80 PT is reached, the company will be worth $1.89B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 3.91% or $8.91 during the last trading session, reaching $219.22. About 2.25 million shares traded or 19.94% up from the average. Raytheon Company (NYSE:RTN) has risen 42.32% since April 24, 2017 and is uptrending. It has outperformed by 30.77% the S&P500.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on April, 26 before the open. They expect $2.09 EPS, up 20.81 % or $0.36 from last year’s $1.73 per share. RTN’s profit will be $600.37M for 26.22 P/E if the $2.09 EPS becomes a reality. After $2.03 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts 2.96 % EPS growth.

Raytheon Company (NYSE:RTN) Ratings Coverage

Among 13 analysts covering Raytheon (NYSE:RTN), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Raytheon had 22 analyst reports since October 26, 2017 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Monday, January 8. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Tuesday, April 17 by Cowen & Co. The stock has “Buy” rating by Buckingham Research on Tuesday, October 31. On Tuesday, December 12 the stock rating was downgraded by J.P. Morgan to “Hold”. Bank of America maintained Raytheon Company (NYSE:RTN) on Friday, October 27 with “Buy” rating. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Tuesday, January 16 by Wells Fargo. The stock of Raytheon Company (NYSE:RTN) earned “Overweight” rating by JP Morgan on Monday, October 30. Morgan Stanley maintained the shares of RTN in report on Thursday, April 12 with “Overweight” rating. The rating was maintained by RBC Capital Markets on Friday, April 6 with “Buy”. Stifel Nicolaus maintained Raytheon Company (NYSE:RTN) rating on Friday, January 26. Stifel Nicolaus has “Buy” rating and $220.0 target.

Raytheon Company develops technologically integrated products, services, and solutions worldwide. The company has market cap of $62.97 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 31.56 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.

Raytheon Company (NYSE:RTN) Institutional Positions Chart

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