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 (249) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious RTN increase. With 249 contracts traded and 14634 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: RTN170120C00150000 closed last at: $1.96 or 7.1% down. About 468,480 shares traded hands. Raytheon Company (NYSE:RTN) has risen 17.00% since April 21, 2016 and is uptrending. It has outperformed by 11.67% the S&P500.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on January, 26. They expect $1.86 EPS, down 3.63% or $0.07 from last year’s $1.93 per share. RTN’s profit will be $552.42M for 19.80 P/E if the $1.86 EPS becomes a reality. After $1.79 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts 3.91% 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 30 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Deutsche Bank on Friday, October 28. Stifel Nicolaus maintained Raytheon Company (NYSE:RTN) rating on Friday, January 29. Stifel Nicolaus has “Buy” rating and $140 price target. The company was downgraded on Monday, November 30 by Barclays Capital. As per Tuesday, July 28, the company rating was upgraded by Bank of America. The firm earned “Buy” rating on Tuesday, September 29 by UBS. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, September 2 report. Barclays Capital maintained the shares of RTN in a report on Monday, May 2 with “Equal Weight” rating. RBC Capital Markets upgraded the stock to “Top Pick” rating in Thursday, September 17 report. The firm has “Outperform” rating given on Thursday, October 6 by Robert W. Baird. The firm earned “Top Pick” rating on Friday, April 29 by RBC Capital Markets.

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 decreased to 1.2 in 2016 Q2. Its down 0.02, from 1.22 in 2016Q1. The ratio dived, as 59 funds sold all Raytheon Company shares owned while 295 reduced positions. 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.
Clearbridge Invests Llc, a New York-based fund reported 3.83 million shares. Johnson Investment Counsel Incorporated owns 3,065 shares or 0.01% of their US portfolio. Woodley Farra Manion Mngmt has invested 0.64% of its portfolio in Raytheon Company (NYSE:RTN). Mitchell Sinkler And Starr Pa has invested 1.63% of its portfolio in Raytheon Company (NYSE:RTN). Phocas last reported 0.32% of its portfolio in the stock. Gateway Advisers Ltd Liability, a Ohio-based fund reported 299,175 shares. Cadence Bank & Trust Na has 0.94% invested in the company for 14,129 shares. Numeric Invsts Limited Liability Co, a Massachusetts-based fund reported 114,200 shares. Moreover, Da Davidson has 0.06% invested in Raytheon Company (NYSE:RTN) for 14,587 shares. Callahan Advsrs Ltd Liability Co has invested 0.11% of its portfolio in Raytheon Company (NYSE:RTN). Macroview Inv Management Ltd Liability Corp holds 0.08% of its portfolio in Raytheon Company (NYSE:RTN) for 138 shares. Global X Mngmt Limited Liability Com has 0% invested in the company for 428 shares. Gsa Cap Prtn Ltd Liability Partnership holds 0.13% of its portfolio in Raytheon Company (NYSE:RTN) for 16,635 shares. Etrade Capital Management Ltd reported 18,654 shares or 0.13% of all its holdings. Parkside Fin Bank And Trust accumulated 0.2% or 3,094 shares.

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 7 sales for $4.41 million net activity. Another trade for 4,336 shares valued at $580,167 was sold by Lawrence Taylor W. Clark Vernon E sold 2,540 shares worth $358,160. 2,582 shares with value of $344,310 were sold by Wood Michael J on Monday, June 6. 13,858 shares with value of $1.85 million were sold by Kennedy Thomas A on Monday, June 6. RHOADS REBECCA R also sold $639,696 worth of Raytheon Company (NYSE:RTN) shares. $165,087 worth of Raytheon Company (NYSE:RTN) was sold by O’Brien Anthony F on Monday, June 6.

Raytheon Company , together with its subsidiaries, is a technology company. The company has a market cap of $43.76 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 19.78 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: Seekingalpha.com which released: “Raytheon: A Safe Bet In An Unsafe World” on November 21, 2016, also Investorplace.com with their article: “Trade of the Day: Raytheon Company (RTN) Stock on Target” published on November 17, 2016, Seekingalpha.com published: “Things You Should Know Before You Buy Raytheon” on November 14, 2016. More interesting news about Raytheon Company (NYSE:RTN) were released by: Azcentral.com and their article: “Raytheon to add 2000 jobs over 5 years in major Tucson expansion” published on November 18, 2016 as well as Prnewswire.com‘s news article titled: “Raytheon Partners with USO to Support Service Members Reintegrating into …” with publication date: November 14, 2016.

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