Lockheed Martin Corporation (LMT) : Mv Capital Management scooped up 290 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 13, 2016. The investment management firm now holds a total of 2,021 shares of Lockheed Martin Corporation which is valued at $489,325.Lockheed Martin Corporation makes up approximately 0.20% of Mv Capital Management’s portfolio.
Other Hedge Funds, Including , Kingfisher Capital boosted its stake in LMT in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 7,734 shares of Lockheed Martin Corporation which is valued at $1.9 Million. Lockheed Martin Corporation makes up approx 1.17% of Kingfisher Capital’s portfolio.Savant Capital boosted its stake in LMT in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 1,434 shares of Lockheed Martin Corporation which is valued at $347,200. Lockheed Martin Corporation makes up approx 0.11% of Savant Capital’s portfolio. Cornerstone Financial Partners added LMT to its portfolio by purchasing 5,838 company shares during the most recent quarter which is valued at $1.4 Million. Lockheed Martin Corporation makes up approx 0.54% of Cornerstone Financial Partners’s portfolio.Intrust Bank Na reduced its stake in LMT by selling 219 shares or 9.7% in the most recent quarter. The Hedge Fund company now holds 2,039 shares of LMT which is valued at $489,890. Lockheed Martin Corporation makes up approx 0.18% of Intrust Bank Na’s portfolio.
Lockheed Martin Corporation closed down -0.13 points or -0.05% at $240.84 with 7,37,333 shares getting traded on Wednesday. Post opening the session at $241.3, the shares hit an intraday low of $240.5 and an intraday high of $241.5599 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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. RBC Capital Mkts Downgraded Lockheed Martin Corporation on May 19, 2016 to ” Sector Perform”, Price Target of the shares are set at $244.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 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.