A Reversal for Raytheon Company (RTN) Is Not Near. The Stock Reaches All Time High Today

April 22, 2018 - By Peter Erickson

Raytheon Company (NYSE:RTN) Logo

Investors sentiment decreased to 1.09 in 2017 Q4. 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.
Winch Advisory Services Ltd stated it has 0.03% in Raytheon Company (NYSE:RTN). The Texas-based Bbva Compass Bancorp Inc has invested 0.01% in Raytheon Company (NYSE:RTN). Nomura holds 0.04% of its portfolio in Raytheon Company (NYSE:RTN) for 112,890 shares. Palisade Capital Management Llc Nj has invested 0.3% in Raytheon Company (NYSE:RTN). Boulegeris Invests invested 1.24% in Raytheon Company (NYSE:RTN). Finemark Bank And Trust invested 0.52% in Raytheon Company (NYSE:RTN). Fred Alger Inc has 2,871 shares. Glenmede Trust Na accumulated 275,365 shares or 0.22% of the stock. The West Virginia-based Wesbanco Savings Bank has invested 0.45% in Raytheon Company (NYSE:RTN). Thomas J Herzfeld Advisors reported 59 shares stake. Virtu Limited Liability Company, New York-based fund reported 7,471 shares. Scott & Selber holds 1.87% in Raytheon Company (NYSE:RTN) or 18,593 shares. 713,783 are owned by Citigroup. F&V Cap Mngmt Ltd Liability Corp holds 0.19% of its portfolio in Raytheon Company (NYSE:RTN) for 1,912 shares. Pathstone Family Office Limited holds 71 shares.

Since January 2, 2018, it had 0 buys, and 19 sales for $31.66 million activity. Shares for $2.80M were sold by Lawrence Taylor W. $2.25M worth of Raytheon Company (NYSE:RTN) shares were sold by O’Brien Anthony F. Jimenez Frank R sold 1,494 shares worth $320,152. WAJSGRAS DAVID C sold $2.77 million worth of stock or 12,820 shares. Shares for $861,146 were sold by Wood Michael J. On Monday, April 2 the insider RHOADS REBECCA R sold $2.56M.

The stock of Raytheon Company (NYSE:RTN) reached all time high today, Apr, 22 and still has $234.17 target or 3.00 % above today’s $227.35 share price. This indicates more upside for the $65.59B company. This technical setup was reported by Barchart.com. If the $234.17 PT is reached, the company will be worth $1.97 billion 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 0.31% or $0.71 during the last trading session, reaching $227.35. About 1.26M shares traded. Raytheon Company (NYSE:RTN) has risen 42.32% since April 22, 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 $602.98 million for 27.19 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 23 analyst reports since October 23, 2017 according to SRatingsIntel. RBC Capital Markets maintained Raytheon Company (NYSE:RTN) on Wednesday, November 15 with “Buy” rating. As per Tuesday, November 28, the company rating was maintained by Wells Fargo. The stock of Raytheon Company (NYSE:RTN) has “Hold” rating given on Tuesday, December 12 by J.P. Morgan. On Monday, October 30 the stock rating was maintained by Bernstein with “Outperform”. Bank of America maintained it with “Buy” rating and $220.0 target in Friday, October 27 report. Cowen & Co maintained it with “Buy” rating and $23500 target in Tuesday, April 17 report. The stock of Raytheon Company (NYSE:RTN) earned “Outperform” rating by Wells Fargo on Friday, October 27. On Thursday, January 25 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating given on Friday, January 26 by Stifel Nicolaus. The firm has “Buy” rating by Bernstein given on Monday, January 29.

Raytheon Company develops technologically integrated products, services, and solutions worldwide. The company has market cap of $65.59 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 32.73 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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