Cypress Funds buys $23,208,948 stake in Lockheed Martin Corporation (LMT)

Lockheed Martin Corporation (LMT) : Cypress Funds scooped up 4,500 additional shares in Lockheed Martin Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 89,200 shares of Lockheed Martin Corporation which is valued at $23,208,948.Lockheed Martin Corporation makes up approximately 6.46% of Cypress Funds’s portfolio.

Other Hedge Funds, Including , Wright Investors Service Inc boosted its stake in LMT in the latest quarter, The investment management firm added 857 additional shares and now holds a total of 15,556 shares of Lockheed Martin Corporation which is valued at $3,995,559. Lockheed Martin Corporation makes up approx 1.60% of Wright Investors Service Inc’s portfolio.

Lockheed Martin Corporation closed down -1.13 points or -0.44% at $255.64 with 43,81,071 shares getting traded on Wednesday. Post opening the session at $256.7, the shares hit an intraday low of $251.55 and an intraday high of $257.5 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 $3.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.39 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $2.93. The company had revenue of $12914.00 million for the quarter, compared to analysts expectations of $12576.52 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.94 EPS.

Investors should note that on Jun 23, 2016, Lockheed Martin Corporation announced a cash dividend of $1.6500. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 23, 2016.

Many Wall Street Analysts have commented on Lockheed Martin Corporation. Lockheed Martin Corporation was Downgraded by Berenberg to ” Hold” on May 31, 2016. 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.

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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