Lockheed Martin Corporation (LMT) : Edgestream Partners scooped up 16,977 additional shares in Lockheed Martin Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 22,126 shares of Lockheed Martin Corporation which is valued at $5,912,952.Lockheed Martin Corporation makes up approximately 3.41% of Edgestream Partners’s portfolio.
Other Hedge Funds, Including , Cubist Systematic Strategies boosted its stake in LMT in the latest quarter, The investment management firm added 13,004 additional shares and now holds a total of 22,127 shares of Lockheed Martin Corporation which is valued at $5,913,219. Lockheed Martin Corporation makes up approx 0.38% of Cubist Systematic Strategies’s portfolio.Blackrock Advisors reduced its stake in LMT by selling 54,122 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 1,260,781 shares of LMT which is valued at $301,667,070. Lockheed Martin Corporation makes up approx 0.33% of Blackrock Advisors’s portfolio.Sandy Spring Bank reduced its stake in LMT by selling 93 shares or 6.92% in the most recent quarter. The Hedge Fund company now holds 1,251 shares of LMT which is valued at $299,327. Lockheed Martin Corporation makes up approx 0.03% of Sandy Spring Bank’s portfolio.Conning reduced its stake in LMT by selling 2,248 shares or 2.24% in the most recent quarter. The Hedge Fund company now holds 97,900 shares of LMT which is valued at $24,402,554. Lockheed Martin Corporation makes up approx 1.05% of Conning’s portfolio.California Public Employees Retirement System reduced its stake in LMT by selling 96,329 shares or 11.27% in the most recent quarter. The Hedge Fund company now holds 758,203 shares of LMT which is valued at $176,024,408. Lockheed Martin Corporation makes up approx 0.29% of California Public Employees Retirement System’s portfolio.
Lockheed Martin Corporation closed down -0.19 points or -0.07% at $263.09 with 11,97,134 shares getting traded on Monday. Post opening the session at $263.14, the shares hit an intraday low of $261.58 and an intraday high of $264.46 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Lockheed Martin Corporation reported $3.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.74 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $2.87. The company had revenue of $11551.00 million for the quarter, compared to analysts expectations of $11451.30 million. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.76 EPS.
Investors should note that on Sep 22, 2016, Lockheed Martin Corporation announced a cash dividend of $1.8200. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 30, 2016.
Many Wall Street Analysts have commented on Lockheed Martin Corporation. Company shares were Upgraded by Stifel on Nov 14, 2016 to ” Buy”, Firm has raised the Price Target to $ 290 from a previous price target of $260 .Company shares were Upgraded by Barclays on Nov 10, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 275 from a previous price target of $245 .Lockheed Martin Corporation was Upgraded by Deutsche Bank to ” Buy” on Nov 9, 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.