Lockheed Martin Corporation (LMT) : Howe Rusling Inc scooped up 1,520 additional shares in Lockheed Martin Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 27,419 shares of Lockheed Martin Corporation which is valued at $6,376,837.Lockheed Martin Corporation makes up approximately 1.40% of Howe Rusling Inc’s portfolio.
Other Hedge Funds, Including , Northwest Investment Counselors reduced its stake in LMT by selling 28 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 5,723 shares of LMT which is valued at $1,330,998. Lockheed Martin Corporation makes up approx 0.70% of Northwest Investment Counselors’s portfolio.Chicago Trust Co Na reduced its stake in LMT by selling 2,332 shares or 10.05% in the most recent quarter. The Hedge Fund company now holds 20,882 shares of LMT which is valued at $4,841,492. Lockheed Martin Corporation makes up approx 2.23% of Chicago Trust Co Na’s portfolio.Carroll Financial Associates reduced its stake in LMT by selling 118 shares or 39.46% in the most recent quarter. The Hedge Fund company now holds 181 shares of LMT which is valued at $42,225. Lockheed Martin Corporation makes up approx 0.01% of Carroll Financial Associates’s portfolio.
Lockheed Martin Corporation closed down -0.42 points or -0.18% at $232.57 with 10,81,038 shares getting traded on Friday. Post opening the session at $233.38, the shares hit an intraday low of $231.93 and an intraday high of $234.09 and the price fluctuated in this range throughout the day.Shares ended Friday 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 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. Lockheed Martin Corporation was Upgraded by Wells Fargo to ” Outperform” on Sep 19, 2016. Lockheed Martin Corporation was Resumed by Citigroup to “Buy” on Sep 6, 2016. JP Morgan Initiated Lockheed Martin Corporation on Aug 25, 2016 to “Neutral”, Price Target of the shares are set at $284.
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.