What’s in Lockheed Martin Corporation After Today’s Bearish Options Activity?

 What's in Lockheed Martin Corporation After Today's Bearish Options Activity?

In today’s session Lockheed Martin Corporation (LMT) recorded an unusually high (2,501) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious LMT decrease. With 2,501 contracts traded and 2244 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: LMT180119P00200000 closed last at: $8.9 or 1.1% down. The stock decreased 1.42% or $3.41 during the last trading session, hitting $237.1. About 1.41 million shares traded hands. Lockheed Martin Corporation (NYSE:LMT) has risen 10.29% since March 1, 2016 and is uptrending. It has outperformed by 1.05% the S&P500.

Analysts await Lockheed Martin Corporation (NYSE:LMT) to report earnings on October, 18. They expect $3.01 earnings per share, up 8.66% or $0.24 from last year’s $2.77 per share. LMT’s profit will be $915.06M for 19.69 P/E if the $3.01 EPS becomes a reality. After $3.32 actual earnings per share reported by Lockheed Martin Corporation for the previous quarter, Wall Street now forecasts -9.34% negative EPS growth.

Lockheed Martin Corporation (NYSE:LMT) Ratings Coverage

Out of 13 analysts covering Lockheed Martin Corporation (NYSE:LMT), 7 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 54% are positive. $284 is the highest target while $204 is the lowest. The $239.09 average target is 0.84% above today’s ($237.1) stock price. Lockheed Martin Corporation has been the topic of 32 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Berenberg downgraded the shares of LMT in a report on Tuesday, May 31 to “Hold” rating. The firm has “Buy” rating by Drexel given on Wednesday, October 21. As per Wednesday, November 18, the company rating was reinitiated by Credit Suisse. As per Thursday, August 20, the company rating was upgraded by Sterne Agee CRT. Barclays Capital downgraded it to “Underweight” rating and $210 target price in Monday, November 30 report. Barclays Capital maintained the shares of LMT in a report on Tuesday, February 16 with “Underweight” rating. Citigroup maintained the shares of LMT in a report on Wednesday, August 19 with “Buy” rating. The firm has “Neutral” rating by JP Morgan given on Thursday, August 25. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Buy” rating given on Thursday, September 3 by Zacks. The firm earned “Buy” rating on Tuesday, July 21 by Argus Research.

Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.14, from 1.21 in 2016Q1. The ratio dropped, as 46 funds sold all Lockheed Martin Corporation shares owned while 389 reduced positions. 94 funds bought stakes while 370 increased positions. They now own 242.95 million shares or 8.56% less from 265.70 million shares in 2016Q1.
Eads Heald Invest Counsel has 3,392 shares for 0.58% of their US portfolio. Chesley Taft And Associate Ltd Liability Com reported 5,270 shares or 0.13% of all its holdings. The California-based Gamble Jones Counsel has invested 0.12% in Lockheed Martin Corporation (NYSE:LMT). Moreover, Birmingham Management Inc Al has 1.82% invested in Lockheed Martin Corporation (NYSE:LMT) for 16,765 shares. Metropolitan Life Ny holds 0.27% or 147,758 shares in its portfolio. Moreover, Jupiter Asset Mgmt Limited has 0.39% invested in Lockheed Martin Corporation (NYSE:LMT) for 41,100 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt System last reported 0.1% of its portfolio in the stock. Meridian Mgmt owns 1,304 shares or 0.2% of their US portfolio. Vigilant Cap Ltd has invested 0% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). Aberdeen Asset Management Public Ltd Liability Corp Uk owns 241,653 shares or 0.22% of their US portfolio. Keybank National Association Oh has 17,695 shares for 0.03% of their US portfolio. Moreover, Texas Yale Corp has 0.13% invested in Lockheed Martin Corporation (NYSE:LMT) for 5,440 shares. Tweedy Browne Ltd Company owns 83,600 shares or 0.58% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 33,124 shares or 0.11% of the stock. Highlander Cap Mgmt Ltd Company holds 0.06% or 250 shares in its portfolio.

Insider Transactions: Since April 28, 2016, the stock had 0 insider purchases, and 4 selling transactions for $31.13 million net activity. 25,000 Lockheed Martin Corporation (NYSE:LMT) shares with value of $5.83 million were sold by HEWSON MARILLYN A. Shares for $3.24 million were sold by Carvalho Orlando D on Friday, July 22. 21,720 shares were sold by Lavan Maryanne, worth $5.06 million. Barbour Sondra L also sold $17.00M worth of Lockheed Martin Corporation (NYSE:LMT) shares.

Lockheed Martin Corporation is a global security and aerospace company. The company has a market cap of $72.08 billion. The Firm is engaged in the research, design, integration and sustainment of advanced technology systems, services and products. It has a 19.72 P/E ratio. It operates in five divisions: Aeronautics; Information Systems & Global Solutions ; Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems.

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