Lockheed Martin Corporation (LMT) : South Street Advisors reduced its stake in Lockheed Martin Corporation by 0.08% during the most recent quarter end. The investment management company now holds a total of 61,700 shares of Lockheed Martin Corporation which is valued at $16,298,055 after selling 50 shares in Lockheed Martin Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Lockheed Martin Corporation makes up approximately 5.21% of South Street Advisors’s portfolio.
Other Hedge Funds, Including , Zacks Investment Management boosted its stake in LMT in the latest quarter, The investment management firm added 5,621 additional shares and now holds a total of 192,746 shares of Lockheed Martin Corporation which is valued at $50,913,856. Lockheed Martin Corporation makes up approx 1.49% of Zacks Investment Management’s portfolio. Timber Hill added LMT to its portfolio by purchasing 6,075 company shares during the most recent quarter which is valued at $1,581,262. Lockheed Martin Corporation makes up approx 0.13% of Timber Hill’s portfolio.First Niagara Bank reduced its stake in LMT by selling 264 shares or 13.37% in the most recent quarter. The Hedge Fund company now holds 1,711 shares of LMT which is valued at $434,868. Lockheed Martin Corporation makes up approx 0.12% of First Niagara Bank’s portfolio.Highstreet Asset Management reduced its stake in LMT by selling 491 shares or 4.08% in the most recent quarter. The Hedge Fund company now holds 11,541 shares of LMT which is valued at $2,969,615. Lockheed Martin Corporation makes up approx 1.01% of Highstreet Asset Management’s portfolio.
Lockheed Martin Corporation opened for trading at $243.13 and hit $243.84 on the upside on Thursday, eventually ending the session at $243.61, with a gain of 0.26% or 0.64 points. The heightened volatility saw the trading volume jump to 13,37,103 shares. Company has a market cap of $73,791 M.
On the company’s financial health, Lockheed Martin Corporation reported $3.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.39 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $2.93. The company had revenue of $12914.00 million for the quarter, compared to analysts expectations of $12576.52 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.94 EPS.
Many Wall Street Analysts have commented on Lockheed Martin Corporation. Lockheed Martin Corporation was Resumed by Citigroup to “Buy” on Sep 6, 2016. JP Morgan Initiated Lockheed Martin Corporation on Aug 25, 2016 to “Neutral”, Price Target of the shares are set at $284.Goldman Resumed Lockheed Martin Corporation on Aug 24, 2016 to “Neutral”, Price Target of the shares are set at $245.
Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research design development manufacture integration and sustainment of advanced technology systems products and services. The Company operates in five segments: Aeronautics Information Systems & Global Solutions (IS&GS) Missiles and Fire Control (MFC) Mission Systems and Training (MST) and Space Systems. The Company 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 both the United States and international customers with products and services that have defense civil and commercial applications.