Can Raytheon Company’s Tomorrow Be Different? Option Trader Are Very Bullish

 Can Raytheon Company's Tomorrow Be Different? Option Trader Are Very Bullish

In today’s session Raytheon Company (RTN) registered an unusually high (871) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious RTN increase. With 871 contracts traded and 16444 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: RTN161118C00145000 closed last at: $0.84 or 16.7% up. About 516,648 shares traded hands. Raytheon Company (NYSE:RTN) has risen 12.76% since March 14, 2016 and is uptrending. It has outperformed by 7.15% the S&P500.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on October, 27. They expect $1.69 earnings per share, up 14.97% or $0.22 from last year’s $1.47 per share. RTN’s profit will be $495.97M for 20.35 P/E if the $1.69 EPS becomes a reality. After $1.75 actual earnings per share reported by Raytheon Company for the previous quarter, Wall Street now forecasts -3.43% negative EPS growth.

Raytheon Company (NYSE:RTN) Ratings Coverage

Out of 14 analysts covering Raytheon Company (NYSE:RTN), 10 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 71% are positive. Raytheon Company has been the topic of 29 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Top Pick” rating on Friday, October 23 by RBC Capital Markets. The stock of Raytheon Company (NYSE:RTN) has “Hold” rating given on Friday, October 23 by Deutsche Bank. Stifel Nicolaus maintained the shares of RTN in a report on Friday, January 29 with “Buy” rating. The stock of Raytheon Company (NYSE:RTN) earned “Equal Weight” rating by Barclays Capital on Monday, May 2. As per Friday, October 23, the company rating was maintained by Stifel Nicolaus. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Wednesday, September 2 by RBC Capital Markets. RBC Capital Markets upgraded Raytheon Company (NYSE:RTN) on Thursday, September 17 to “Top Pick” rating. The firm has “Top Pick” rating given on Friday, April 29 by RBC Capital Markets. As per Thursday, October 6, the company rating was initiated by Robert W. Baird. The stock has “Buy” rating given by Bank of America on Tuesday, July 28.

According to Zacks Investment Research, “Raytheon Company is a global technology company. The company provides products and services in the areas of defense and commercial electronics, engineering and construction, and business and special mission aircraft. Raytheon has operations throughout the United States and serves customers in numerous countries around the world.”

Insitutional Activity: The institutional sentiment is 1.22 in Q2 2016. Its the same as in 2016Q1. The ratio is flat, as 59 funds sold all Raytheon Company shares owned while 295 reduced positions. only 92 funds bought stakes while 341 increased positions. They now own 226.41 million shares or 4.12% less from 236.13 million shares in 2016Q1.
Bryn Mawr Trust last reported 1,575 shares in the company. The Pennsylvania-based Waldron L P has invested 0.09% in Raytheon Company (NYSE:RTN). The Japan-based Sumitomo Mitsui Asset Limited has invested 0.1% in Raytheon Company (NYSE:RTN). Asset Inc accumulated 0.1% or 3,541 shares. Glg Lc accumulated 16,931 shares or 0.17% of the stock. Moreover, Janus Cap Mngmt Limited Liability Company has 0.19% invested in Raytheon Company (NYSE:RTN) for 1.62 million shares. Guardian Life Insurance Com Of America, a New York-based fund reported 1,114 shares. Moreover, Los Angeles Cap & Equity has 0.26% invested in Raytheon Company (NYSE:RTN) for 227,288 shares. First Eagle Inv Ltd Liability accumulated 1.16 million shares or 0.4% of the stock. Private Advisor Group Ltd Com has 0.07% invested in the company for 11,994 shares. The Maryland-based Court Place Advsr Limited Liability Corp has invested 1.13% in Raytheon Company (NYSE:RTN). Strs Ohio last reported 0.16% of its portfolio in the stock. Manufacturers Life Ins The has 370,799 shares for 0.08% of their US portfolio. Qci Asset Mngmt Ny last reported 0.01% of its portfolio in the stock. Dynamic Ltd has invested 0.29% of its portfolio in Raytheon Company (NYSE:RTN).

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 7 selling transactions for $4.41 million net activity. 2,582 shares were sold by Wood Michael J, worth $344,310 on Monday, June 6. $1.85 million worth of Raytheon Company (NYSE:RTN) was sold by Kennedy Thomas A on Monday, June 6. Another trade for 4,336 shares valued at $580,167 was made by Lawrence Taylor W on Monday, June 6. 1,238 shares with value of $165,087 were sold by O’Brien Anthony F on Monday, June 6. 4,781 shares were sold by RHOADS REBECCA R, worth $639,696. Clark Vernon E sold 2,540 shares worth $358,160.

Raytheon Company , together with its subsidiaries, is a technology company. The company has a market cap of $40.36 billion. The Firm develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity. It has a 19.28 P/E ratio. It operates in five divisions: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS), and Forcepoint.

RTN Company Profile

Raytheon Company (Raytheon), incorporated on December 17, 1953, together with its subsidiaries, is a technology company, which specializes in defense and other government markets. The Firm develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity. The Firm operates in five divisions: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS), and Forcepoint. The Company’s subsidiaries include Raytheon Systems Limited (RSL) and Raytheon Australia (RA).

More notable recent Raytheon Company (NYSE:RTN) news were published by: Prnewswire.com which released: “Raytheon developing next-generation human/machine interface for armored ground …” on October 10, 2016, also Profitconfidential.com with their article: “Raytheon Company: Triple-Digit Upside for RTN Stock?” published on September 23, 2016, Prnewswire.com published: “Raytheon, Logos collaborate on advanced multi-intelligence sensors” on October 05, 2016. More interesting news about Raytheon Company (NYSE:RTN) were released by: Prnewswire.com and their article: “Raytheon wins two Brandon Hall Excellence in Learning Awards for virtual …” published on September 28, 2016 as well as Benzinga.com‘s news article titled: “Mike Khouw Sees Unusual Options Activity In Raytheon” with publication date: October 14, 2016.

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