Founders Capital Management Lowers stake in Lockheed Martin Corporation (LMT)

Lockheed Martin Corporation (LMT) : Founders Capital Management reduced its stake in Lockheed Martin Corporation by 0.73% during the most recent quarter end. The investment management company now holds a total of 25,756 shares of Lockheed Martin Corporation which is valued at $5.8 Million after selling 190 shares in Lockheed Martin Corporation according to a report filed by the company on Apr 5, 2016 with the SEC.Lockheed Martin Corporation makes up approximately 3.38% of Founders Capital Management’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates reduced its stake in LMT by selling 41 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 4,444 shares of LMT which is valued at $998,345. Lockheed Martin Corporation makes up approx 0.75% of Weaver C. Barksdale Associates’s portfolio.

On the company’s financial health, Lockheed Martin Corporation reported $3.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $2.92. The company had revenue of $12917.00 million for the quarter, compared to analysts expectations of $12393.34 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.01 EPS.

Many Wall Street Analysts have commented on Lockheed Martin Corporation. Lockheed Martin Corporation was Initiated by Berenberg to “Buy” on Mar 17, 2016. Company shares were Reiterated by Barclays on Feb 16, 2016 to “Underweight”, Firm has raised the Price Target to $ 215 from a previous price target of $210 .Shares were Reiterated by RBC Capital Mkts on Jan 27, 2016 to “Outperform” and Lowered the Price Target to $ 244 from a previous price target of $250 .

Lockheed Martin Corporation closed down -1.65 points or -0.73% at $224.65 with 11,40,225 shares getting traded on Monday. Post opening the session at $226.05, the shares hit an intraday low of $224.11 and an intraday high of $226.71 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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