Institutional Investors Positive on Lockheed Martin Corp (NYSE:LMT)

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Sentiment for Lockheed Martin Corp (NYSE:LMT)

Lockheed Martin Corp (NYSE:LMT) institutional sentiment increased to 1.3 in 2019 Q2. Its up 0.04, from 1.26 in 2019Q1. The ratio is positive, as 541 active investment managers started new and increased holdings, while 417 cut down and sold equity positions in Lockheed Martin Corp. The active investment managers in our partner’s database now own: 214.02 million shares, down from 214.10 million shares in 2019Q1. Also, the number of active investment managers holding Lockheed Martin Corp in their top 10 holdings increased from 20 to 40 for an increase of 20. Sold All: 53 Reduced: 364 Increased: 386 New Position: 155.

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company has market cap of $108.68 billion. It operates through four divisions: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems. It has a 18.76 P/E ratio. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.

The stock decreased 0.46% or $1.77 during the last trading session, reaching $384.86. About 868,399 shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 13.14% since September 13, 2018 and is uptrending. It has outperformed by 13.14% the S&P500.

Analysts await Lockheed Martin Corporation (NYSE:LMT) to report earnings on October, 22. They expect $5.03 EPS, down 2.14 % or $0.11 from last year’s $5.14 per share. LMT’s profit will be $1.42 billion for 19.13 P/E if the $5.03 EPS becomes a reality. After $5.00 actual EPS reported by Lockheed Martin Corporation for the previous quarter, Wall Street now forecasts 0.60 % EPS growth.

Oakmont Corp holds 13.51% of its portfolio in Lockheed Martin Corporation for 244,761 shares. Canal Insurance Co owns 57,800 shares or 6.91% of their US portfolio. Moreover, Chesapeake Asset Management Llc has 6.49% invested in the company for 10,823 shares. The California-based Cypress Funds Llc has invested 5.72% in the stock. Suvretta Capital Management Llc, a New York-based fund reported 642,220 shares.

Since January 1, 0001, it had 1 insider buy, and 0 selling transactions for $509,534 activity.

Lockheed Martin Corporation (NYSE:LMT) Ratings Coverage

Ratings analysis reveals 33% of Lockheed Martin’s analysts are positive. Out of 6 Wall Street analysts rating Lockheed Martin, 2 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $35600 while the high is $42000. The stock’s average target of $385.17 is 0.08% above today’s ($384.86) share price. LMT was included in 13 notes of analysts from March 16, 2019. On Wednesday, July 24 the stock rating was maintained by JP Morgan with “Neutral”. Barclays Capital maintained the shares of LMT in report on Thursday, May 16 with “Equal-Weight” rating. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Buy” rating given on Wednesday, July 10 by UBS. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, July 24. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Buy” rating given on Wednesday, April 24 by UBS. On Friday, June 14 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, August 14. As per Wednesday, April 24, the company rating was maintained by Robert W. Baird.

More notable recent Lockheed Martin Corporation (NYSE:LMT) news were published by: Bizjournals.com which released: “7 things to know today and 2 Orlando-area firms hit stock milestones this week – Orlando Business Journal” on September 13, 2019, also Finance.Yahoo.com with their article: “Will Lockheed Martin Corporation’s (NYSE:LMT) Earnings Grow In The Year Ahead? – Yahoo Finance” published on June 30, 2019, Seekingalpha.com published: “State Department clears $8B arms sale to Taiwan – Seeking Alpha” on August 21, 2019. More interesting news about Lockheed Martin Corporation (NYSE:LMT) were released by: Finance.Yahoo.com and their article: “Should You Be Adding Lockheed Martin (NYSE:LMT) To Your Watchlist Today? – Yahoo Finance” published on May 21, 2019 as well as Fool.com‘s news article titled: “ESG Investing: Is Hexcel a Responsible Investment? – The Motley Fool” with publication date: September 06, 2019.

Lockheed Martin Corporation (NYSE:LMT) Institutional Positions Chart

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