Could Lockheed Martin Corporation Lose Strenght? Option Traders Don’t Think So

 Could Lockheed Martin Corporation Lose Strenght? Option Traders Don't Think So

In today’s session Lockheed Martin Corporation (LMT) registered an unusually high (541) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious LMT increase. With 541 contracts traded and 154 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: LMT161118C00267500 closed last at: $2.65 or 657.1% up. About 144,032 shares traded hands. Lockheed Martin Corporation (NYSE:LMT) has risen 17.96% since April 14, 2016 and is uptrending. It has outperformed by 13.27% the S&P500.

Lockheed Martin Corporation (NYSE:LMT) Ratings Coverage

Out of 15 analysts covering Lockheed Martin Corporation (NYSE:LMT), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. Lockheed Martin Corporation has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Wednesday, January 27, the company rating was upgraded by Wolfe Research. The stock of Lockheed Martin Corporation (NYSE:LMT) earned “Buy” rating by Sterne Agee CRT on Thursday, August 20. Goldman Sachs maintained Lockheed Martin Corporation (NYSE:LMT) rating on Wednesday, August 24. Goldman Sachs has “Neutral” rating and $245 price target. Wells Fargo upgraded Lockheed Martin Corporation (NYSE:LMT) on Monday, September 19 to “Outperform” rating. The rating was initiated by Berenberg on Thursday, March 17 with “Buy”. Argus Research maintained the stock with “Buy” rating in Thursday, October 22 report. Stifel Nicolaus upgraded it to “Buy” rating and $290 target price in Monday, November 14 report. The rating was upgraded by Barclays Capital on Thursday, November 10 to “Equal Weight”. The rating was downgraded by Berenberg on Tuesday, May 31 to “Hold”. Deutsche Bank upgraded Lockheed Martin Corporation (NYSE:LMT) on Wednesday, November 9 to “Buy” 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 fall, 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.
Tudor Inv Et Al has 0.01% invested in the company for 1,341 shares. Marvin & Palmer Associates, a Delaware-based fund reported 5,675 shares. The California-based Checchi Cap Advisers has invested 0.11% in Lockheed Martin Corporation (NYSE:LMT). Finemark Savings Bank Tru owns 39,675 shares or 1.1% of their US portfolio. The California-based Santa Barbara Asset Limited Liability has invested 2.47% in Lockheed Martin Corporation (NYSE:LMT). Commonwealth Services Limited Liability Company last reported 0.52% of its portfolio in the stock. First Interstate Bancorporation has 337 shares for 0.02% of their US portfolio. National Pension Service last reported 162,561 shares in the company. Greenleaf Tru accumulated 0.28% or 44,453 shares. Bb&T Corp holds 29,043 shares or 0.15% of its portfolio. Folger Nolan Fleming Douglas Mngmt Inc holds 0.09% or 2,009 shares in its portfolio. Lord Abbett And Communications Ltd accumulated 255,877 shares or 0.2% of the stock. Wagner Bowman Corporation accumulated 1,774 shares or 0.17% of the stock. First Mercantile, a Tennessee-based fund reported 19,128 shares. The Ohio-based Riverpoint Mngmt Ltd has invested 0.05% in Lockheed Martin Corporation (NYSE:LMT).

Insider Transactions: Since July 22, 2016, the stock had 0 insider purchases, and 2 sales for $20.23 million net activity. The insider Barbour Sondra L sold $17.00 million. 12,700 shares were sold by Carvalho Orlando D, worth $3.24 million.

Lockheed Martin Corporation is a global security and aerospace company. The company has a market cap of $76.41 billion. The Firm is engaged in the research, design, integration and sustainment of advanced technology systems, services and products. It has a 21.44 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 notable recent Lockheed Martin Corporation (NYSE:LMT) news were published by: Profitconfidential.com which released: “Lockheed Martin Corporation: The Fuel That Is Causing LMT Stock to FLY” on November 16, 2016, also Profitconfidential.com with their article: “Lockheed Martin Corporation: Why LMT Stock Is Going Crazy” published on November 09, 2016, Cnbc.com published: “Aging equipment, global threats boon for Lockheed Martin’s outlook” on October 25, 2016. More interesting news about Lockheed Martin Corporation (NYSE:LMT) were released by: Valuewalk.com and their article: “Procter Gamble Co, Lockheed Martin Corporation Shares Rise After Earnings” published on October 25, 2016 as well as Investorplace.com‘s news article titled: “3 Big Stock Charts: Intel Corporation (INTC), Lockheed Martin Corporation (LMT …” with publication date: October 25, 2016.

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