Lockheed Martin Corporation (LMT) : Fukoku Mutual Life Insurance Co scooped up 100 additional shares in Lockheed Martin Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 2,570 shares of Lockheed Martin Corporation which is valued at $622,248.Lockheed Martin Corporation makes up approximately 0.13% of Fukoku Mutual Life Insurance Co’s portfolio.
Other Hedge Funds, Including , Convergence Investment Partners boosted its stake in LMT in the latest quarter, The investment management firm added 334 additional shares and now holds a total of 11,958 shares of Lockheed Martin Corporation which is valued at $2.9 Million. Lockheed Martin Corporation makes up approx 0.35% of Convergence Investment Partners’s portfolio. Scott Selber added LMT to its portfolio by purchasing 11,604 company shares during the most recent quarter which is valued at $2.8 Million. Lockheed Martin Corporation makes up approx 1.90% of Scott Selber’s portfolio.State Of New Jersey Common Pension Fund D boosted its stake in LMT in the latest quarter, The investment management firm added 130,000 additional shares and now holds a total of 405,000 shares of Lockheed Martin Corporation which is valued at $94.1 Million. Lockheed Martin Corporation makes up approx 0.42% of State Of New Jersey Common Pension Fund D’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in LMT in the latest quarter, The investment management firm added 13,774 additional shares and now holds a total of 453,175 shares of Lockheed Martin Corporation which is valued at $105.3 Million. Lockheed Martin Corporation makes up approx 0.33% of Mizuho Trust Banking Ltd.’s portfolio.Asset Dedication reduced its stake in LMT by selling 125 shares or 71.84% in the most recent quarter. The Hedge Fund company now holds 49 shares of LMT which is valued at $11,387. Lockheed Martin Corporation makes up approx 0.01% of Asset Dedication’s portfolio.
Lockheed Martin Corporation opened for trading at $241.21 and hit $243.994 on the upside on Monday, eventually ending the session at $242.97, with a gain of 0.35% or 0.85 points. The heightened volatility saw the trading volume jump to 9,21,153 shares. Company has a market cap of $73,973 M.
On the company’s financial health, Lockheed Martin Corporation reported $2.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $2.61. The company had revenue of $11702.00 million for the quarter, compared to analysts expectations of $11384.05 million. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 EPS.
Investors should note that on Apr 27, 2016, Lockheed Martin Corporation announced a cash dividend of $1.6500. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 24, 2016.
Many Wall Street Analysts have commented on Lockheed Martin Corporation. Lockheed Martin Corporation was Downgraded by Stifel to ” Hold” on May 13, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Underweight”, Firm has raised the Price Target to $ 225 from a previous price target of $215 .Lockheed Martin Corporation was Initiated by Berenberg to “Buy” on Mar 17, 2016.
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.