Raytheon Company Has More Gas To Increase After Today’s Bullish Options Activity

 Raytheon Company Has More Gas To Increase After Today's Bullish Options Activity

In today’s session Raytheon Company (RTN) registered an unusually high (680) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious RTN increase. With 680 contracts traded and 3204 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: RTN161216C00145000 closed last at: $4.45 or 1012.5% up. About 309,871 shares traded hands. Raytheon Company (NYSE:RTN) has risen 18.22% since April 11, 2016 and is uptrending. It has outperformed by 12.07% the S&P500.

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. $170 is the highest target while $118 is the lowest. The $140.21 average target is -4.89% below today’s ($147.42) stock price. Raytheon Company has been the topic of 30 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained it with “Hold” rating and $145 target price in Friday, October 28 report. Stifel Nicolaus maintained it with “Buy” rating and $160 target price in Friday, July 29 report. Argus Research upgraded Raytheon Company (NYSE:RTN) on Thursday, November 12 to “Buy” rating. The firm earned “Buy” rating on Tuesday, September 29 by UBS. The firm earned “Outperform” rating on Thursday, October 6 by Robert W. Baird. The rating was upgraded by RBC Capital Markets to “Top Pick” on Thursday, September 17. RBC Capital Markets maintained the shares of RTN in a report on Friday, January 29 with “Top Pick” rating. The firm has “Top Pick” rating given on Friday, April 29 by RBC Capital Markets. On Friday, October 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, November 30.

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 the same, 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.
Century last reported 0% of its portfolio in the stock. Segall Bryant And Hamill accumulated 154,726 shares or 0.55% of the stock. Meridian Counsel last reported 1,768 shares in the company. Vaughan Nelson Inv Limited Partnership has 0.02% invested in the company for 8,775 shares. L S holds 27,978 shares or 0.86% of its portfolio. Brick And Kyle reported 1,650 shares or 0.18% of all its holdings. Strs Ohio accumulated 0.16% or 266,269 shares. Bank & Trust Of America Corporation De accumulated 0.29% or 9.17M shares. Thompson Siegel And Walmsley Llc, a Virginia-based fund reported 5,720 shares. Savant Capital Limited Liability Corp holds 3,170 shares or 0.12% of its portfolio. Smith Moore & Communication accumulated 1,802 shares or 0.1% of the stock. Johnson Fincl Grp last reported 0.27% of its portfolio in the stock. Macquarie Grp Inc has 5.21M shares for 1.38% of their US portfolio. Mcf Advsrs Limited Liability Com has invested 0.12% of its portfolio in Raytheon Company (NYSE:RTN). M&T Bank accumulated 0.08% or 86,851 shares.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 7 selling transactions for $4.41 million net activity. Wood Michael J sold $344,310 worth of stock. Lawrence Taylor W sold $468,265 worth of stock. $165,087 worth of Raytheon Company (NYSE:RTN) was sold by O’Brien Anthony F on Monday, June 6. Clark Vernon E also sold $358,160 worth of Raytheon Company (NYSE:RTN) shares. 13,858 shares with value of $1.85M were sold by Kennedy Thomas A on Monday, June 6. On Monday, June 6 RHOADS REBECCA R sold $639,696 worth of the stock or 4,781 shares.

Raytheon Company , together with its subsidiaries, is a technology company. The company has a market cap of $43.58 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 19.79 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 important recent Raytheon Company (NYSE:RTN) news were published by: Prnewswire.com which released: “Raytheon Company to release third quarter 2016 results on October 27, 2016” on October 18, 2016, also Prnewswire.com published article titled: “Air traffic controllers recognize Raytheon for modernizing systems that manage …”, Prnewswire.com published: “RAF awards Raytheon UK £131 million to continue Sentinel support” on October 28, 2016. More interesting news about Raytheon Company (NYSE:RTN) was released by: Etfdailynews.com and their article: “Raytheon Boosts Forecast as Q3 Earnings Easily Top Expectations” with publication date: October 27, 2016.

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