Lockheed Martin Corp (NYSE:LMT): Positive Stock Sentiment

September 30, 2018 - By Robert Shackelford

Lockheed Martin Corporation (NYSE:LMT) Logo

Sentiment for Lockheed Martin Corp (NYSE:LMT)

Lockheed Martin Corp (NYSE:LMT) institutional sentiment increased to 1.05 in Q2 2018. Its up 0.10, from 0.95 in 2018Q1. The ratio has increased, as 471 institutional investors opened new or increased stock positions, while 450 decreased and sold their equity positions in Lockheed Martin Corp. The institutional investors in our partner’s database now hold: 215.56 million shares, down from 216.82 million shares in 2018Q1. Also, the number of institutional investors holding Lockheed Martin Corp in their top 10 stock positions decreased from 50 to 25 for a decrease of 25. Sold All: 66 Reduced: 384 Increased: 370 New Position: 101.

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 $97.98 billion. It operates through four divisions: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems. It has a 38.67 P/E ratio. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.

The stock decreased 0.03% or $0.09 during the last trading session, reaching $345.96. About 1.83 million shares traded or 49.40% up from the average. Lockheed Martin Corporation (NYSE:LMT) has risen 7.10% since September 30, 2017 and is uptrending. It has underperformed by 8.52% the S&P500.

Analysts await Lockheed Martin Corporation (NYSE:LMT) to report earnings on October, 23. They expect $4.29 EPS, up 32.41 % or $1.05 from last year’s $3.24 per share. LMT’s profit will be $1.21 billion for 20.16 P/E if the $4.29 EPS becomes a reality. After $4.31 actual EPS reported by Lockheed Martin Corporation for the previous quarter, Wall Street now forecasts -0.46 % negative EPS growth.

Oakmont Corp holds 9.96% of its portfolio in Lockheed Martin Corporation for 253,489 shares. Canal Insurance Co owns 57,800 shares or 5.64% of their US portfolio. Moreover, Chesapeake Asset Management Llc has 5.49% invested in the company for 15,960 shares. The California-based Laurel Grove Capital Llc has invested 4.03% in the stock. South Street Advisors Llc, a New York-based fund reported 43,735 shares.

Since January 1, 0001, it had 0 insider buys, and 2 insider sales for $10.44 million activity.

Lockheed Martin Corporation (NYSE:LMT) Ratings Coverage

Ratings analysis reveals 75% of Lockheed Martin Corp’s analysts are positive. Out of 8 Wall Street analysts rating Lockheed Martin Corp, 6 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $33500 while the high is $412. The stock’s average target of $377.50 is 9.12% above today’s ($345.96) share price. LMT was included in 11 notes of analysts from April 6, 2018. The rating was maintained by Morgan Stanley on Wednesday, July 25 with “Overweight”. As per Wednesday, July 25, the company rating was upgraded by Cowen & Co. The stock has “Overweight” rating by Morgan Stanley on Thursday, April 12. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Buy” rating given on Wednesday, July 25 by Stifel Nicolaus. The firm has “Hold” rating given on Tuesday, May 22 by Credit Suisse. RBC Capital Markets maintained the shares of LMT in report on Friday, April 6 with “Hold” rating. The stock of Lockheed Martin Corporation (NYSE:LMT) earned “Buy” rating by Berenberg on Thursday, July 26. On Wednesday, July 25 the stock rating was maintained by Credit Suisse with “Neutral”. Bank of America maintained the stock with “Buy” rating in Wednesday, July 25 report. Morgan Stanley maintained Lockheed Martin Corporation (NYSE:LMT) rating on Thursday, July 12. Morgan Stanley has “Overweight” rating and $352 target.

More notable recent Lockheed Martin Corporation (NYSE:LMT) news were published by: Fool.com which released: “Boeing Keeps Defense Momentum Going With $2.4 Billion Win Over Lockheed” on September 28, 2018, also Bizjournals.com with their article: “Lockheed Martin Space lands $7.2B deal to keep building Air Force GPS satellites” published on September 17, 2018, Bizjournals.com published: “Orlando logistics firm to hire 200+ workers, thanks to Lockheed Martin’s big deal” on September 21, 2018. More interesting news about Lockheed Martin Corporation (NYSE:LMT) were released by: Bizjournals.com and their article: “Lockheed/Boeing joint venture invests $135M in rocket launch complex upgrades” published on September 19, 2018 as well as Bizjournals.com‘s news article titled: “Lockheed Martin scores nearly $300M deal for its Grand Prairie segment” with publication date: September 26, 2018.

Lockheed Martin Corporation (NYSE:LMT) Institutional Positions Chart

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