As Raytheon Co (RTN) Stock Price Rose, Sit Investment Associates Lowered Position by $771,375; As Martin Marietta (MLM) Market Valuation Declined, Mitchell Capital Management Co Increased Stake by $2.23 Million

Raytheon Company (NYSE:RTN) Logo

Mitchell Capital Management Co increased its stake in Martin Marietta (MLM) by 48.61% based on its latest 2017Q4 regulatory filing with the SEC. Mitchell Capital Management Co bought 10,100 shares as the company’s stock declined 2.69% with the market. The institutional investor held 30,877 shares of the basic industries company at the end of 2017Q4, valued at $6.83 million, up from 20,777 at the end of the previous reported quarter. Mitchell Capital Management Co who had been investing in Martin Marietta for a number of months, seems to be bullish on the $12.33B market cap company. The stock increased 0.24% or $0.47 during the last trading session, reaching $196.33. About 465,504 shares traded. Martin Marietta Materials, Inc. (NYSE:MLM) has declined 0.78% since April 30, 2017 and is downtrending. It has underperformed by 12.33% the S&P500.

Sit Investment Associates Inc decreased its stake in Raytheon Co (RTN) by 2.08% based on its latest 2017Q4 regulatory filing with the SEC. Sit Investment Associates Inc sold 4,125 shares as the company’s stock rose 14.84% while stock markets declined. The institutional investor held 194,248 shares of the industrial machinery and components company at the end of 2017Q4, valued at $36.49 million, down from 198,373 at the end of the previous reported quarter. Sit Investment Associates Inc who had been investing in Raytheon Co for a number of months, seems to be less bullish one the $58.59 billion market cap company. The stock decreased 3.37% or $7.11 during the last trading session, reaching $203.96. About 3.13 million shares traded or 61.40% up from the average. Raytheon Company (NYSE:RTN) has risen 42.32% since April 30, 2017 and is uptrending. It has outperformed by 30.77% the S&P500.

Investors sentiment decreased to 1.09 in 2017 Q4. Its down 0.12, from 1.21 in 2017Q3. It turned negative, as 36 investors sold RTN 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. Apg Asset Mgmt Nv accumulated 1.10 million shares or 0.32% of the stock. Webster Financial Bank N A invested in 1,339 shares. Caprock Grp Incorporated Inc holds 0.05% in Raytheon Company (NYSE:RTN) or 1,318 shares. Tudor Investment Et Al reported 0.08% stake. Scotia reported 20,075 shares stake. 69,731 were accumulated by Suffolk Ltd Llc. Ajo Ltd Partnership has invested 0.01% of its portfolio in Raytheon Company (NYSE:RTN). Tci Wealth Advisors invested in 0.17% or 2,031 shares. New York-based Williams Jones & Assocs Ltd Liability has invested 0.87% in Raytheon Company (NYSE:RTN). Next Fincl Grp owns 2,797 shares or 0.22% of their US portfolio. 1,708 are held by Telemus Capital Lc. Mufg Americas Corporation, New York-based fund reported 13,156 shares. 13,991 were accumulated by Cadence Bank & Trust Na. Hennessy Inc owns 5,800 shares. Asset Mgmt reported 24,932 shares stake.

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. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, May 2 report. The stock of Raytheon Company (NYSE:RTN) earned “Buy” rating by Cowen & Co on Tuesday, April 17. As per Thursday, August 10, the company rating was maintained by Robert W. Baird. JP Morgan upgraded the stock to “Overweight” rating in Monday, October 12 report. On Tuesday, December 12 the stock rating was downgraded by J.P. Morgan to “Hold”. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Tuesday, August 1 by Bank of America. Stifel Nicolaus maintained the shares of RTN in report on Thursday, July 27 with “Buy” rating. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Wednesday, September 2 by RBC Capital Markets. On Monday, January 29 the stock rating was maintained by Bernstein with “Buy”. Jefferies maintained Raytheon Company (NYSE:RTN) rating on Monday, August 28. Jefferies has “Buy” rating and $190.0 target.

Sit Investment Associates Inc, which manages about $6.54B and $4.19 billion US Long portfolio, upped its stake in Advanced Disp Svcs Inc De by 20,975 shares to 56,525 shares, valued at $1.35 million in 2017Q4, according to the filing. It also increased its holding in Ingersoll (NYSE:IR) by 43,150 shares in the quarter, for a total of 247,681 shares, and has risen its stake in Nuveen Enhanced Muni Credit Op (NZF).

Since January 2, 2018, it had 0 buys, and 19 sales for $31.66 million activity. 972 shares were sold by Lawrence Taylor W, worth $208,322 on Thursday, March 29. Shares for $2.77M were sold by WAJSGRAS DAVID C. The insider Wood Michael J sold 543 shares worth $116,758. The insider Jimenez Frank R sold 1,494 shares worth $320,152. $1.84M worth of Raytheon Company (NYSE:RTN) was sold by Newsome Randa G. Another trade for 12,054 shares valued at $2.56 million was made by RHOADS REBECCA R on Monday, April 2.

Investors sentiment increased to 1.29 in 2017 Q4. Its up 0.01, from 1.28 in 2017Q3. It improved, as 46 investors sold MLM shares while 129 reduced holdings. 57 funds opened positions while 168 raised stakes. 60.08 million shares or 0.57% more from 59.73 million shares in 2017Q3 were reported. Qs Invsts holds 2,548 shares or 0.01% of its portfolio. Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma has 0% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 6 shares. Ontario – Canada-based Financial Bank Of Montreal Can has invested 0.02% in Martin Marietta Materials, Inc. (NYSE:MLM). Pillar Pacific Capital Mngmt Limited Liability has invested 0.48% in Martin Marietta Materials, Inc. (NYSE:MLM). Epoch Investment Ptnrs accumulated 0.55% or 753,150 shares. Icon Advisers Inc Company holds 21,590 shares. Soros Fund Ltd Llc holds 0.11% or 21,400 shares in its portfolio. Glenmede Na holds 0% or 1,099 shares in its portfolio. Advisor Prns Limited invested 0.06% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). Us National Bank De holds 15,738 shares or 0.01% of its portfolio. Ohio-based Huntington Comml Bank has invested 0.02% in Martin Marietta Materials, Inc. (NYSE:MLM). State Board Of Administration Of Florida Retirement Systems holds 82,859 shares. Panagora Asset Management stated it has 6,205 shares. 123,716 are held by First Manhattan. Cambridge Investment Rech Advsr owns 5,355 shares for 0.01% of their portfolio.

Mitchell Capital Management Co, which manages about $697.80 million and $284.01 million US Long portfolio, decreased its stake in Skyworks Solutions Inc. (NASDAQ:SWKS) by 7,243 shares to 29,508 shares, valued at $2.80 million in 2017Q4, according to the filing. It also reduced its holding in Starbucks Corp (NASDAQ:SBUX) by 6,510 shares in the quarter, leaving it with 82,063 shares, and cut its stake in Visa Inc (NYSE:V).

Raytheon Company (NYSE:RTN) Institutional Positions Chart