Raytheon (RTN) Stock Value Declined While Ferguson Wellman Capital Management INC Cut by $5.27 Million Its Holding

June 18, 2018 - By reb123z

Raytheon Company (NYSE:RTN) LogoInvestors sentiment decreased to 0.98 in Q1 2018. Its down 0.11, from 1.09 in 2017Q4. It dropped, as 55 investors sold RTN shares while 396 reduced holdings. 105 funds opened positions while 336 raised stakes. 201.09 million shares or 0.71% less from 202.53 million shares in 2017Q4 were reported. Mariner Wealth Advsr, Alabama-based fund reported 1,341 shares. Blair William & Il reported 154,089 shares. Moreover, Gulf Savings Bank (Uk) has 0.26% invested in Raytheon Company (NYSE:RTN) for 91,481 shares. Sasco Ct has invested 4.83% in Raytheon Company (NYSE:RTN). Commercial Bank Hapoalim Bm stated it has 1,097 shares or 0.06% of all its holdings. Regent Investment Mngmt Limited Liability Company has invested 0.07% in Raytheon Company (NYSE:RTN). Shelton Capital holds 0.04% of its portfolio in Raytheon Company (NYSE:RTN) for 2,579 shares. Eqis Capital Mgmt Inc stated it has 0.03% of its portfolio in Raytheon Company (NYSE:RTN). Cornerstone Advisors invested in 437 shares. Aspiriant Limited Liability Com owns 15,182 shares. Wesbanco National Bank & Trust reported 0.85% in Raytheon Company (NYSE:RTN). Hightower Advsrs Lc has 0.23% invested in Raytheon Company (NYSE:RTN) for 129,707 shares. Baker Ellis Asset Management Limited Liability Com, Oregon-based fund reported 8,796 shares. First Citizens National Bank & Trust Tru reported 0.5% in Raytheon Company (NYSE:RTN). Cap Fund Management Sa has 0.11% invested in Raytheon Company (NYSE:RTN) for 84,098 shares.

Since January 2, 2018, it had 1 buy, and 24 sales for $32.55 million activity. $9.67M worth of stock was sold by Kennedy Thomas A on Tuesday, February 13. 12,951 shares were sold by Lawrence Taylor W, worth $2.80 million on Tuesday, February 13. RHOADS REBECCA R sold 12,054 shares worth $2.56M. Wood Michael J also sold $131,734 worth of Raytheon Company (NYSE:RTN) on Monday, June 4. Shares for $2.77M were sold by WAJSGRAS DAVID C on Tuesday, February 13. 1,219 shares were bought by Paliwal Dinesh C, worth $249,895 on Monday, April 30.

Ferguson Wellman Capital Management Inc decreased its stake in Raytheon (RTN) by 10.79% based on its latest 2018Q1 regulatory filing with the SEC. Ferguson Wellman Capital Management Inc sold 24,523 shares as the company’s stock declined 3.91% with the market. The institutional investor held 202,657 shares of the industrial machinery and components company at the end of 2018Q1, valued at $43.74M, down from 227,180 at the end of the previous reported quarter. Ferguson Wellman Capital Management Inc who had been investing in Raytheon for a number of months, seems to be less bullish one the $58.05 billion market cap company. The stock increased 0.27% or $0.55 during the last trading session, reaching $202.08. About 665,285 shares traded. Raytheon Company (NYSE:RTN) has risen 29.53% since June 18, 2017 and is uptrending. It has outperformed by 16.96% the S&P500.

Ferguson Wellman Capital Management Inc, which manages about $3.83 billion and $2.82B US Long portfolio, upped its stake in Bb&T Corporation (NYSE:BBT) by 154,664 shares to 294,956 shares, valued at $15.35 million in 2018Q1, according to the filing. It also increased its holding in Jpmorgan Chase And Company (NYSE:JPM) by 268,038 shares in the quarter, for a total of 729,311 shares, and has risen its stake in Eli Lilly (NYSE:LLY).

Analysts await Raytheon Company (NYSE:RTN) to report earnings on July, 26. They expect $2.32 earnings per share, up 17.17 % or $0.34 from last year’s $1.98 per share. RTN’s profit will be $666.41M for 21.78 P/E if the $2.32 EPS becomes a reality. After $2.20 actual earnings per share reported by Raytheon Company for the previous quarter, Wall Street now forecasts 5.45 % EPS growth.

More recent Raytheon Company (NYSE:RTN) news were published by: Seekingalpha.com which released: “Raytheon: Technology-Focused Defense Player” on June 05, 2018. Also Seekingalpha.com published the news titled: “Buy Lockheed Martin On Weakness – Cramer’s Lightning Round (6/14/18)” on June 15, 2018. Seekingalpha.com‘s news article titled: “Raytheon CEO sees continuing demand for Patriot missiles” with publication date: June 01, 2018 was also an interesting one.

Raytheon Company (NYSE:RTN) Ratings Coverage

Among 10 analysts covering Raytheon (NYSE:RTN), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Raytheon has $26200 highest and $210.0 lowest target. $235.50’s average target is 16.54% above currents $202.08 stock price. Raytheon had 14 analyst reports since January 8, 2018 according to SRatingsIntel. The stock of Raytheon Company (NYSE:RTN) earned “Buy” rating by RBC Capital Markets on Friday, April 6. As per Tuesday, January 23, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating by Wells Fargo on Tuesday, January 16. The stock has “Buy” rating by Robert W. Baird on Friday, January 26. As per Thursday, April 12, the company rating was maintained by Morgan Stanley. Jefferies maintained the shares of RTN in report on Monday, January 8 with “Buy” rating. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Monday, January 29 by Bernstein. The stock has “Buy” rating by Jefferies on Thursday, January 25. Cowen & Co maintained Raytheon Company (NYSE:RTN) on Tuesday, April 17 with “Buy” rating. The company was maintained on Monday, January 8 by Stifel Nicolaus.

Raytheon Company (NYSE:RTN) Institutional Positions Chart

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