Laurel Grove Capital buys $6,461,253 stake in Lockheed Martin Corporation (LMT)

Lockheed Martin Corporation (LMT) : Laurel Grove Capital scooped up 785 additional shares in Lockheed Martin Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 28,485 shares of Lockheed Martin Corporation which is valued at $6,461,253.Lockheed Martin Corporation makes up approximately 3.62% of Laurel Grove Capital’s portfolio.

Lockheed Martin Corporation opened for trading at $226.6 and hit $227.865 on the upside on Friday, eventually ending the session at $226.83, with a gain of 0.34% or 0.76 points. The heightened volatility saw the trading volume jump to 10,38,051 shares. Company has a market cap of $69,294 M.

Other Hedge Funds, Including , Grassi Investment Management reduced its stake in LMT by selling 2,990 shares or 8.03% in the most recent quarter. The Hedge Fund company now holds 34,255 shares of LMT which is valued at $7,735,122. Lockheed Martin Corporation makes up approx 1.51% of Grassi Investment Management’s portfolio.Chevy Chase Trust Holdings boosted its stake in LMT in the latest quarter, The investment management firm added 4,332 additional shares and now holds a total of 445,525 shares of Lockheed Martin Corporation which is valued at $100,087,191. Lockheed Martin Corporation makes up approx 0.58% of Chevy Chase Trust Holdings’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 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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