November 24, 2016 - By Adrian Mccoy · 0 Comments
Lockheed Martin Corp (NYSE:LMT) institutional sentiment decreased to 0.77 in 2016 Q2. Its down -0.30, from 1.07 in 2016Q1. The ratio fall, as 464 investment managers started new or increased holdings, while 435 cut down and sold positions in Lockheed Martin Corp. The investment managers in our partner’s database now hold: 242.95 million shares, down from 265.70 million shares in 2016Q1. Also, the number of investment managers holding Lockheed Martin Corp in their top 10 holdings increased from 37 to 49 for an increase of 12. Sold All: 46 Reduced: 389 Increased: 370 New Position: 94.
Lockheed Martin Corporation is a global security and aerospace company. The company has a market cap of $77.83 billion. The Firm is engaged in the research, design, integration and sustainment of advanced technology systems, services and products. It has a 21.63 P/E ratio. It operates in five divisions: Aeronautics; Information Systems & Global Solutions ; Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems.
The stock decreased 0.18% or $0.47 on November 23, hitting $264.4. About 1.04M shares traded hands. Lockheed Martin Corporation (NYSE:LMT) has risen 16.56% since April 22, 2016 and is uptrending. It has outperformed by 11.15% the S&P500.
Analysts await Lockheed Martin Corporation (NYSE:LMT) to report earnings on January, 24. They expect $3.04 EPS, up 1.00% or $0.03 from last year’s $3.01 per share. LMT’s profit will be $894.87M for 21.74 P/E if the $3.04 EPS becomes a reality. After $3.61 actual EPS reported by Lockheed Martin Corporation for the previous quarter, Wall Street now forecasts -15.79% negative EPS growth.
According to Zacks Investment Research, “Lockheed Martin Corp. is a global enterprise principally engaged in the research, design, development, manufacture and integration of advanced-technology systems, products and services. The corporation’s core businesses are systems integration, space, aeronautics, and technology services. (Company Press Release)”
Oakmont Corp holds 21.61% of its portfolio in Lockheed Martin Corporation for 435,240 shares. Artemis Investment Management Llp owns 1.92 million shares or 7.76% of their US portfolio. Moreover, Ruffer Llp has 7.41% invested in the company for 658,870 shares. The New York-based Fox Point Capital Management Llc has invested 7.36% in the stock. Cypress Funds Llc, a California-based fund reported 89,200 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 2 sales for $20.23 million net activity.
Ratings analysis reveals 67% of Lockheed Martin Corporation’s analysts are positive. Out of 15 Wall Street analysts rating Lockheed Martin Corporation, 10 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $204 while the high is $290. The stock’s average target of $251.71 is -4.80% below today’s ($264.4) share price. LMT was included in 37 notes of analysts from July 21, 2015. The rating was upgraded by RBC Capital Markets on Wednesday, January 6 to “Outperform”. The firm has “Hold” rating by Deutsche Bank given on Wednesday, October 26. As per Wednesday, January 27, the company rating was upgraded by Wolfe Research. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, January 27 report. JP Morgan initiated it with “Neutral” rating and $284 target price in Thursday, August 25 report. Citigroup maintained it with “Buy” rating and $232 target price in Wednesday, August 19 report. As per Monday, November 30, the company rating was downgraded by Barclays Capital. The rating was downgraded by RBC Capital Markets on Thursday, May 19 to “Sector Perform”. The rating was downgraded by Berenberg on Tuesday, May 31 to “Hold”. Barclays Capital upgraded Lockheed Martin Corporation (NYSE:LMT) rating on Thursday, November 10. Barclays Capital has “Equal Weight” rating and $275 price target.
Lockheed Martin Corporation, incorporated on August 29, 1994, is a global security and aerospace company. The Firm is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, services and products. The Firm operates in five divisions: Aeronautics; Information Systems & Global Solutions (IS&GS); Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems. The Firm provides a range of management, engineering, technical, scientific, logistics and information services. The Company’s areas of focus are in defense, space, intelligence, homeland security and information technology, including cyber security. It serves customers, including military services, the United States Navy and various government agencies of the United States and other countries, as well as commercial and other customers.
More notable recent Lockheed Martin Corporation (NYSE:LMT) news were published by: Zacks.com which released: “Defense Stock Roundup: Lockheed Martin Scores Big; Boeing, Textron, General …” on November 24, 2016, also Profitconfidential.com with their article: “Lockheed Martin Corporation: The Fuel That Is Causing LMT Stock to FLY” published on November 16, 2016, Profitconfidential.com published: “Lockheed Martin Corporation: Why LMT Stock Is Going Crazy” on November 09, 2016. More interesting news about Lockheed Martin Corporation (NYSE:LMT) were released by: Prnewswire.com and their article: “Lockheed Martin Wins 2016 Best Commitment to Education Corporate Citizenship …” published on November 18, 2016 as well as Cnbc.com‘s news article titled: “Aging equipment, global threats boon for Lockheed Martin’s outlook” with publication date: October 25, 2016.
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By Adrian Mccoy