What Will Happen to Lockheed Martin Corporation Next? The Stock Just Had Huge Bullish Options Activity

 What Will Happen to Lockheed Martin Corporation Next? The Stock Just Had Huge Bullish Options Activity

In today’s session Lockheed Martin Corporation (LMT) registered an unusually high (100) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2019 call, expecting serious LMT increase. With 100 contracts traded and 1124 open interest for the Jan, 19 contract, it seems this is a quite bullish bet. The option with symbol: LMT190118C00370000 closed last at: $3.6 or 0% . About 739,806 shares traded hands. Lockheed Martin Corporation (NYSE:LMT) has risen 17.51% since April 25, 2016 and is uptrending. It has outperformed by 11.49% the S&P500.

Analysts await Lockheed Martin Corporation (NYSE:LMT) to report earnings on January, 24. They expect $3.04 EPS, up 1.00% or $0.03 from last year’s $3.01 per share. LMT’s profit will be $895.75 million for 21.86 P/E if the $3.04 EPS becomes a reality. After $3.61 actual EPS reported by Lockheed Martin Corporation for the previous quarter, Wall Street now forecasts -15.79% negative EPS growth.

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. JP Morgan initiated the stock with “Neutral” rating in Thursday, August 25 report. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Underweight” rating given on Monday, November 30 by Barclays Capital. Credit Suisse reinitiated the shares of LMT in a report on Wednesday, November 18 with “Neutral” rating. The firm has “Outperform” rating given on Thursday, October 6 by Robert W. Baird. Barclays Capital maintained it with “Underweight” rating and $225 target price in Monday, May 2 report. On Wednesday, November 9 the stock rating was upgraded by Deutsche Bank to “Buy”. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, May 19. The firm earned “Neutral” rating on Wednesday, August 24 by Goldman Sachs. The company was reinitiated on Monday, October 12 by JP Morgan. The firm has “Outperform” rating by Wells Fargo given on Monday, September 19.

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 0.77 in Q2 2016. Its down 0.30, from 1.07 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.
Rathbone Brothers Pcl holds 226,091 shares or 3.09% of its portfolio. Central Fincl Bank Trust Com has 0.01% invested in the company for 200 shares. Firstmerit National Bank N A Trustee accumulated 0.27% or 13,601 shares. Cetera Advsrs Ltd Limited Liability Company reported 8,366 shares or 0.16% of all its holdings. Carlton Hofferkamp & Jenks Wealth Mngmt Ltd Llc reported 1,286 shares or 0.25% of all its holdings. Kistler owns 7 shares or 0% of their US portfolio. Bessemer Gp Inc holds 1.01 million shares or 1.37% of its portfolio. Atwood And Palmer has invested 3.88% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). Janney Montgomery Scott Limited Liability Corp owns 73,656 shares or 0.27% of their US portfolio. Cape Cod Five Cents Fincl Bank last reported 950 shares in the company. The Indiana-based Woodley Farra Manion Mgmt has invested 3.16% in Lockheed Martin Corporation (NYSE:LMT). Hyman Charles D has 0.85% invested in the company for 22,917 shares. The New Jersey-based Peapack Gladstone Fincl Corp has invested 0% in Lockheed Martin Corporation (NYSE:LMT). Moreover, Compton Mgmt Ri has 0.67% invested in Lockheed Martin Corporation (NYSE:LMT) for 4,808 shares. California State Teachers Retirement System reported 556,551 shares or 0.3% of all its holdings.

Insider Transactions: Since July 22, 2016, the stock had 0 insider buys, and 2 sales for $20.23 million net activity. Barbour Sondra L had sold 66,460 shares worth $17.00 million. 12,700 Lockheed Martin Corporation (NYSE:LMT) shares with value of $3.24M were sold by Carvalho Orlando D.

Lockheed Martin Corporation is a global security and aerospace company. The company has a market cap of $78.34 billion. The Firm is engaged in the research, design, integration and sustainment of advanced technology systems, services and products. It has a 21.75 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: The Fuel That Is Causing LMT Stock to FLY” on November 16, 2016, also Profitconfidential.com published article titled: “Lockheed Martin Corporation: Why LMT Stock Is Going Crazy”, Zacks.com published: “Defense Stock Roundup: Lockheed Martin Scores Big; Boeing, Textron, General …” on November 24, 2016. More interesting news about Lockheed Martin Corporation (NYSE:LMT) was released by: Zacks.com and their article: “Lockheed Martin Nabs $77M Deal for Aegis System Upgrade” with publication date: November 22, 2016.

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