Raytheon Company (RTN) Reaches $227.91 52-Week High; Trimble Navigation LTD Has 1.18 Sentiment

April 20, 2018 - By Winifred Garcia

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The stock of Raytheon Company (NYSE:RTN) hit a new 52-week high and has $237.03 target or 4.00% above today’s $227.91 share price. The 5 months bullish chart indicates low risk for the $65.75B company. The 1-year high was reported on Apr, 20 by Barchart.com. If the $237.03 price target is reached, the company will be worth $2.63B more. The stock decreased 0.07% or $0.15 during the last trading session, reaching $227.91. About 248,657 shares traded. Raytheon Company (NYSE:RTN) has risen 42.32% since April 20, 2017 and is uptrending. It has outperformed by 30.77% the S&P500.

Trimble Navigation LTD (TRMB) investors sentiment is 1.18 in Q4 2017. It’s the same as in 2017Q3. The ratio is neither positive nor negative, as only 176 investment managers increased or opened new stock positions, while 149 decreased and sold equity positions in Trimble Navigation LTD. The investment managers in our database now have: 216.30 million shares, down from 221.33 million shares in 2017Q3. Also, the number of investment managers holding Trimble Navigation LTD in top ten stock positions increased from 7 to 9 for an increase of 2. Sold All: 20 Reduced: 129 Increased: 131 New Position: 45.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on April, 26 before the open. They expect $2.09 earnings per share, up 20.81% or $0.36 from last year’s $1.73 per share. RTN’s profit will be $602.97 million for 27.26 P/E if the $2.09 EPS becomes a reality. After $2.03 actual earnings per share reported by Raytheon Company for the previous quarter, Wall Street now forecasts 2.96% EPS growth.

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 80 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by Credit Suisse given on Monday, April 3. The stock has “Hold” rating by Deutsche Bank on Friday, October 23. On Tuesday, September 29 the stock rating was upgraded by UBS to “Buy”. As per Thursday, November 12, the company rating was upgraded by Argus Research. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, July 27 report. On Wednesday, September 2 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Buy” rating given on Monday, January 8 by Jefferies. Bernstein maintained Raytheon Company (NYSE:RTN) rating on Monday, January 29. Bernstein has “Buy” rating and $255.0 target. The stock has “Buy” rating by Morgan Stanley on Tuesday, August 8. As per Monday, October 9, the company rating was maintained by Citigroup.

Since January 2, 2018, it had 0 insider purchases, and 19 insider sales for $31.66 million activity. On Thursday, March 1 O’Brien Anthony F sold $2.25M worth of Raytheon Company (NYSE:RTN) or 10,503 shares. $116,758 worth of stock was sold by Wood Michael J on Friday, March 23. On Friday, March 23 the insider Kennedy Thomas A sold $1.22 million. 972 shares were sold by Lawrence Taylor W, worth $208,322. Another trade for 12,054 shares valued at $2.56 million was made by RHOADS REBECCA R on Monday, April 2. Another trade for 650 shares valued at $120,790 was made by Long Letitia A on Tuesday, January 2. Newsome Randa G sold $1.84M worth of stock.

Raytheon Company develops technologically integrated products, services, and solutions worldwide. The company has market cap of $65.75 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 32.81 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.

Investors sentiment decreased to 1.09 in 2017 Q4. Its down 0.12, from 1.21 in 2017Q3. It dived, 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. 119,146 are owned by Barometer Mgmt. Daiwa Securities Gru stated it has 8,917 shares. 2,500 are held by Pettyjohn Wood & White. 126,539 are owned by Advisory Research. Koshinski Asset Mgmt Incorporated stated it has 0.4% of its portfolio in Raytheon Company (NYSE:RTN). Moreover, Boston Private Wealth Ltd Company has 1.09% invested in Raytheon Company (NYSE:RTN) for 154,638 shares. Smith Graham Company Investment Lp accumulated 37,100 shares or 0.66% of the stock. Citadel Limited Liability reported 473,153 shares. Washington Tru Communication reported 5,802 shares. 34,296 were reported by Verity Verity. Jp Marvel Investment Ltd Liability invested in 4,910 shares. Cwm Limited Co owns 926 shares. Maryland-based Campbell Investment Adviser Ltd Limited Liability Company has invested 0.2% in Raytheon Company (NYSE:RTN). 1,800 were accumulated by Amp Capital Invsts Limited. Teacher Retirement System Of Texas accumulated 79,421 shares.

Telemark Asset Management Llc holds 4.38% of its portfolio in Trimble Inc. for 550,000 shares. Impax Asset Management Ltd owns 3.09 million shares or 3.47% of their US portfolio. Moreover, Jag Capital Management Llc has 3.23% invested in the company for 424,069 shares. The California-based Cornerstone Capital Inc. has invested 2.87% in the stock. Agf Investments America Inc., a Ontario – Canada-based fund reported 187,588 shares.

Ratings analysis reveals 50% of Trimble’s analysts are positive. Out of 4 Wall Street analysts rating Trimble, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $24.0 while the high is $33.0. The stock’s average target of $28 is -23.71% below today’s ($36.7) share price. TRMB was included in 4 notes of analysts from November 4, 2016. Craig Hallum maintained the stock with “Hold” rating in Thursday, February 9 report. Needham maintained it with “Buy” rating and $33.0 target in Thursday, February 9 report. The rating was maintained by Dougherty & Company with “Buy” on Friday, November 4. The company was initiated on Friday, January 13 by Northcoast.

Trimble Inc. provides technology solutions to enhance the work processes of office and mobile field professionals worldwide. The company has market cap of $9.12 billion. The companyÂ’s Engineering and Construction segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software. It has a 78.09 P/E ratio. The Company’s Field Solutions segment provides guidance and positioning, and automated application systems; and information management solutions, as well as systems to collect authoritative field data.

The stock decreased 0.16% or $0.06 during the last trading session, reaching $36.7. About 153,367 shares traded. Trimble Inc. (TRMB) has risen 11.55% since April 20, 2017 and is uptrending. It has by 0.00% the S&P500.

Since January 1, 0001, it had 0 insider buys, and 6 sales for $10.91 million activity.

Analysts await Trimble Inc. (NASDAQ:TRMB) to report earnings on April, 26. They expect $0.34 EPS, up 17.24% or $0.05 from last year’s $0.29 per share. TRMB’s profit will be $84.52 million for 26.99 P/E if the $0.34 EPS becomes a reality. After $0.33 actual EPS reported by Trimble Inc. for the previous quarter, Wall Street now forecasts 3.03% EPS growth.

Raytheon Company (NYSE:RTN) Institutional Positions Chart

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