Look for trading volume to pick up in the coming days as momentum traders often use swings in trading volume to identify heavy volume accumulation or distribution by institutional investors. Citigroup’s price target points to a potential upside of 16.87% from the company’s current price.
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Several other analysts also recently commented on LMT. Drexel Hamilton restated a “buy” rating and issued a $284.00 price target on shares of Lockheed Martin Corp.in a report on Wednesday, July 20th. Zacks Investment Research raised shares of Lockheed Martin Corp. from a hold rating to a buy rating and set a $271.00 price objective on the stock in a research report on Monday, May 16th.
01/20/2016 – Guggenheim began new coverage on Lockheed Martin Corporation giving the company a “buy” rating. The Corporation has a Mean Rating of 2.53 based on the Reuters Analysts consensus issuing ratings. The stock has a consensus analyst price target of $263.38for twelve month. Gmt Capital Corp owns 2.08 million shares or 3.21% of their U.S. portfolio. The stock decreased 0.91% or $0.65 during the last trading session, hitting $70.99. In case a stock has a reading in between 0 and 1, it represents undervalued stock. Company has a market cap of $73,791 M. The stock tapped a 52-week high of US$266.93 while the 12-month Consensus Price Target is US$261.67. The 20 day simple moving average is -3.10% and the 200 day simple moving average is 6.78%.
In a related news, The officer (Executive Vice President), of Lockheed Martin Corp, Barbour Sondra L had unloaded 66,460 shares at $255.89 per share in a transaction on August 3, 2016. During the same period in the previous year, the business posted $2.94 EPS. The EPS growth for the last 5 years is at -4.10% while the predicted EPS growth for the next 5 years is at 7.61%. Investors of record on Thursday, September 1st will be given a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 2.71%.
Several large investors recently added to or reduced their stakes in the stock. Lockheed Martin Corporation makes up approx 0.21% of Hallmark Capital Management Inc’s portfolio.United Asset Strategies boosted its stake in LMT in the latest quarter, The investment management firm added 217 additional shares and now holds a total of 5,432 shares of Lockheed Martin Corporation which is valued at $1,395,209. The year to date performance is at 14.30% with a 52 week high of -8.35% and a 52 week low of 25.63%. Institutional ownership in the company is 81.90% while the short ratio is 10.29. Wedge Capital Management L L P NC increased its stake in shares of Lockheed Martin Corp.by 4.1% in the second quarter. The Hedge Fund company now holds 288,663 shares of LMT which is valued at $76,250,331.
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Shares of Lockheed Martin Corp. Following the completion of the transaction, the insider now owns 29,120 shares in the company, valued at approximately $7,419,193.60. Berenberg Bank downgraded shares of Lockheed Martin Corp. from a buy rating to a hold rating and increased their price objective for the company from $250.00 to $260.00 in a research report on Tuesday, May 31st. The shares were sold at an average price of $254.78, for a total transaction of $3,235,706.00. Quadrant Capital Group LLC now owns 684 shares of the company’s stock worth $161,000 after buying an additional 134 shares during the period. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
