Lockheed Martin Corporation (LMT) : Moody Lynn Lieberson reduced its stake in Lockheed Martin Corporation by 10.67% during the most recent quarter end. The investment management company now holds a total of 64,216 shares of Lockheed Martin Corporation which is valued at $15,428,536 after selling 7,673 shares in Lockheed Martin Corporation , the firm said in a disclosure report filed with the SEC on May 2, 2016.Lockheed Martin Corporation makes up approximately 2.41% of Moody Lynn Lieberson’s portfolio.
Lockheed Martin Corporation opened for trading at $238 and hit $240.5 on the upside on Friday, eventually ending the session at $240.26, with a gain of 0.89% or 2.12 points. The heightened volatility saw the trading volume jump to 11,40,760 shares. Company has a market cap of $73,148 M.
Other Hedge Funds, Including , Wall Street Access Asset Management added LMT to its portfolio by purchasing 23 company shares during the most recent quarter which is valued at $5,526.Tocqueville Asset Management reduced its stake in LMT by selling 207 shares or 2.33% in the most recent quarter. The Hedge Fund company now holds 8,662 shares of LMT which is valued at $2,012,876. Lockheed Martin Corporation makes up approx 0.03% of Tocqueville Asset Management’s portfolio.Winfield Associates reduced its stake in LMT by selling 60 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 5,908 shares of LMT which is valued at $1,372,901. Lockheed Martin Corporation makes up approx 0.93% of Winfield Associates’s portfolio.Granite Investment Advisors reduced its stake in LMT by selling 225 shares or 7.89% in the most recent quarter. The Hedge Fund company now holds 2,625 shares of LMT which is valued at $609,998. Lockheed Martin Corporation makes up approx 0.12% of Granite Investment Advisors’s portfolio.Sigma Planning Corp reduced its stake in LMT by selling 351 shares or 3.22% in the most recent quarter. The Hedge Fund company now holds 10,566 shares of LMT which is valued at $2,396,686. Lockheed Martin Corporation makes up approx 0.32% of Sigma Planning Corp’s portfolio.
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.
Many Wall Street Analysts have commented on Lockheed Martin Corporation. 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. 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 .
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.