The stock of Lockheed Martin Corporation (NYSE:LMT) is a huge mover today! About 603,646 shares traded hands. Lockheed Martin Corporation (NYSE:LMT) has risen 7.34% since March 11, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.
The move comes after 9 months negative chart setup for the $70.76 billion company. It was reported on Oct, 14 by Barchart.com. We have $218.75 PT which if reached, will make NYSE:LMT worth $4.25 billion less.
Analysts await Lockheed Martin Corporation (NYSE:LMT) to report earnings on October, 18. They expect $3.01 EPS, up 8.66% or $0.24 from last year’s $2.77 per share. LMT’s profit will be $915.29 million for 19.33 P/E if the $3.01 EPS becomes a reality. After $3.32 actual EPS reported by Lockheed Martin Corporation for the previous quarter, Wall Street now forecasts -9.34% negative EPS growth.
Lockheed Martin Corporation (NYSE:LMT) Ratings Coverage
Out of 14 analysts covering Lockheed Martin Corporation (NYSE:LMT), 8 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 57% are positive. Lockheed Martin Corporation has been the topic of 33 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Neutral” rating given on Wednesday, November 18 by Credit Suisse. Drexel maintained Lockheed Martin Corporation (NYSE:LMT) rating on Wednesday, October 21. Drexel has “Buy” rating and $229 price target. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Thursday, May 19 report. Berenberg downgraded the shares of LMT in a report on Tuesday, May 31 to “Hold” rating. RBC Capital Markets upgraded it to “Outperform” rating and $250 target price in Wednesday, January 6 report. The stock has “Buy” rating given by Argus Research on Thursday, October 22. JP Morgan initiated it with “Neutral” rating and $284 target price in Thursday, August 25 report. The firm earned “Underweight” rating on Tuesday, February 16 by Barclays Capital. As per Tuesday, July 21, the company rating was maintained by Argus Research. As per Wednesday, August 19, the company rating was maintained by Citigroup.
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)”
Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.14, from 1.21 in 2016Q1. The ratio fall, as 46 funds sold all Lockheed Martin Corporation shares owned while 389 reduced positions. 94 funds bought stakes while 370 increased positions. They now own 242.95 million shares or 8.56% less from 265.70 million shares in 2016Q1.
Moreover, Tudor Invest Et Al has 0.01% invested in Lockheed Martin Corporation (NYSE:LMT) for 1,341 shares. Provise Management Group Limited Com, a Florida-based fund reported 3,171 shares. Jpmorgan Chase And Co has 382,882 shares for 0.02% of their US portfolio. Murphy Capital Mgmt has invested 0.37% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). Legal And General Plc has invested 0.36% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). Moreover, King Wealth Group Ltd Liability Com has 2.64% invested in Lockheed Martin Corporation (NYSE:LMT) for 19,912 shares. Moreover, Tnb Fincl has 0.19% invested in Lockheed Martin Corporation (NYSE:LMT) for 2,937 shares. Duncker Streett holds 0.11% or 1,200 shares in its portfolio. Smithbridge Asset Mngmt De accumulated 3.18% or 13,775 shares. Sentinel Lba last reported 0.04% of its portfolio in the stock. Mariner Wealth has 15,615 shares for 0.21% of their US portfolio. Guyasuta, a Pennsylvania-based fund reported 3,965 shares. Renaissance Techs Limited Liability accumulated 127,700 shares or 0.06% of the stock. Natl Bank Of Montreal Can reported 428,982 shares or 0.12% of all its holdings. Checchi Advisers Limited Liability Corp has 3,810 shares for 0.11% of their US portfolio.
Insider Transactions: Since April 28, 2016, the stock had 0 buys, and 4 selling transactions for $31.13 million net activity. Shares for $5.06 million were sold by Lavan Maryanne. Carvalho Orlando D sold $3.24M worth of Lockheed Martin Corporation (NYSE:LMT) on Friday, July 22. The insider HEWSON MARILLYN A sold $5.83 million. Barbour Sondra L sold $17.00M worth of stock or 66,460 shares.
More notable recent Lockheed Martin Corporation (NYSE:LMT) news were published by: Profitconfidential.com which released: “Lockheed Martin Corporation: Potential Opportunity with LMT Stock” on October 13, 2016, also Prnewswire.com with their article: “Lockheed Martin Declares Fourth Quarter 2016 Dividend” published on September 22, 2016, Zacks.com published: “Lockheed Martin (LMT) Wins Navy Deal for SEWIP Block 2” on October 11, 2016. More interesting news about Lockheed Martin Corporation (NYSE:LMT) were released by: Prnewswire.com and their article: “U.S. Air Force Awards Lockheed Martin $87 Million Contract for Pavewayâ„¢ II …” published on September 19, 2016 as well as Ibtimes.com‘s news article titled: “Lockheed Martin Wins Hypersonic Plane Research Contract Worth $147 Million” with publication date: September 20, 2016.
LMT Company Profile
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.
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