In today’s session Lockheed Martin Corporation (LMT) recorded an unusually high (1,680) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious LMT decrease. With 1,680 contracts traded and 24874 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: LMT161021P00230000 closed last at: $1.2 or 25% down. About 253,278 shares traded hands. Lockheed Martin Corporation (NYSE:LMT) has risen 7.37% since March 14, 2016 and is uptrending. It has outperformed by 1.76% the S&P500.
Analysts await Lockheed Martin Corporation (NYSE:LMT) to report earnings on October, 18. They expect $3.01 EPS, up 8.66% or $0.24 from last year’s $2.77 per share. LMT’s profit will be $910.04M for 19.42 P/E if the $3.01 EPS becomes a reality. After $3.32 actual EPS 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 14 analysts covering Lockheed Martin Corporation (NYSE:LMT), 8 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 57% are positive. Lockheed Martin Corporation has been the topic of 33 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Robert W. Baird initiated Lockheed Martin Corporation (NYSE:LMT) rating on Thursday, October 6. Robert W. Baird has “Outperform” rating and $284 price target. The firm earned “Underweight” rating on Tuesday, February 16 by Barclays Capital. The firm has “Outperform” rating by Wells Fargo given on Monday, September 19. Berenberg initiated the stock with “Buy” rating in Thursday, March 17 report. The rating was downgraded by Barclays Capital on Monday, November 30 to “Underweight”. The firm has “Buy” rating given on Tuesday, July 21 by Argus Research. The company was maintained on Wednesday, October 21 by Drexel. The firm has “Buy” rating by Argus Research given on Thursday, October 22. On Wednesday, November 18 the stock rating was reinitiated by Credit Suisse with “Neutral”. JP Morgan reinitiated Lockheed Martin Corporation (NYSE:LMT) on Monday, October 12 with “Neutral” rating.
According to Zacks Investment Research, “Lockheed Martin Corp. is a global enterprise principally engaged in the research, design, development, manufacture and integration of advanced-technology systems, products and services. The corporation’s core businesses are systems integration, space, aeronautics, and technology services. (Company Press Release)”
Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.14, from 1.21 in 2016Q1. The ratio dived, 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.
Hm Payson last reported 8,983 shares in the company. Moreover, Sunbelt Securities has 0% invested in Lockheed Martin Corporation (NYSE:LMT) for 151 shares. Axa accumulated 2,000 shares or 0% of the stock. Great West Life Assurance Company Can holds 0.27% or 339,662 shares in its portfolio. Moore Cap Management Limited Partnership holds 0.18% or 18,998 shares in its portfolio. Ifrah Services owns 3,782 shares or 0.37% of their US portfolio. First Interstate Commercial Bank holds 0.02% or 337 shares in its portfolio. Wellington Mngmt Ltd Liability Partnership has 10.44M shares for 0.67% of their US portfolio. Cadence Management Limited has 30,403 shares for 0.57% of their US portfolio. First Mercantile Tru reported 19,128 shares or 0.59% of all its holdings. North Amer Mgmt holds 23,466 shares or 0.97% of its portfolio. First Citizens Bancorp & last reported 28,122 shares in the company. Cordasco Fincl Network last reported 11,534 shares in the company. Hanseatic Service accumulated 1.23% or 13,040 shares. Connors Investor Incorporated accumulated 1.21% or 25,206 shares.
Insider Transactions: Since April 28, 2016, the stock had 0 insider buys, and 4 sales for $31.13 million net activity. Lavan Maryanne also sold $5.06 million worth of Lockheed Martin Corporation (NYSE:LMT) on Thursday, April 28. On Thursday, April 28 the insider HEWSON MARILLYN A sold $5.83M. 12,700 shares with value of $3.24M were sold by Carvalho Orlando D on Friday, July 22. Another trade for 66,460 shares valued at $17.00 million was sold by Barbour Sondra L.
Lockheed Martin Corporation is a global security and aerospace company. The company has a market cap of $70.69 billion. The Firm is engaged in the research, design, integration and sustainment of advanced technology systems, services and products. It has a 19.45 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.
LMT Company Profile
Lockheed Martin Corporation, incorporated on August 29, 1994, is a global security and aerospace company. The Firm is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, services and products. The Firm operates in five divisions: Aeronautics; Information Systems & Global Solutions (IS&GS); Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems. The Firm 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 customers, including military services, the United States Navy and various government agencies of the United States and other countries, as well as commercial and other customers.
More important recent Lockheed Martin Corporation (NYSE:LMT) news were published by: Profitconfidential.com which released: “Lockheed Martin Corporation: Potential Opportunity with LMT Stock” on October 13, 2016, also Prnewswire.com published article titled: “Lockheed Martin Celebrates 25 years of Work on the Royal Navy’s Merlin …”, Prnewswire.com published: “Air Force Classic Comes to the Cotton Bowl: Lockheed Martin Presenting Sponsor …” on October 10, 2016. More interesting news about Lockheed Martin Corporation (NYSE:LMT) was released by: Investorplace.com and their article: “Lockheed Martin Corporation: LMT Stock Is the King of Defense” with publication date: September 23, 2016.
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