Economy

Lockheed Martin's (NYSE:LMT) "Neutral" Rating Reaffirmed at Credit Suisse Group

Lockheed Martin's (NYSE:LMT)

The rating was initiated by Guggenheim on Wednesday, January 20 with "Buy". The rating was upgraded by Stifel Nicolaus to "Buy" on Monday, November 14. The stock has "Neutral" rating by Goldman Sachs on Wednesday, August 24. The rating was maintained by Citigroup with "Neutral" on Friday, May 20. Robert W. Baird maintained Lockheed Martin Corporation (NYSE:LMT) rating on Thursday, September 28. The Kansas-based Kornitzer Capital Mgmt Ks has invested 0% in Lockheed Martin Corporation (NYSE:LMT). The firm has "Underperform" rating given on Wednesday, July 26 by RBC Capital Markets.

Hbk Sorce Advisory Llc increased Lockheed Martin Corp (LMT) stake by 18.03% reported in 2017Q3 SEC filing. The Sterling Capital Management Llc holds 55,691 shares with $1.11M value, down from 79,408 last quarter. Lockheed Martin Corp now has $98.89 billion valuation.

The stock decreased 0.15% or $0.15 during the last trading session, reaching $99.46. The stock had a trading volume of 2,060,000 shares, compared to its average volume of 1,110,000.

Lockheed Martin Corporation (NYSE:LMT) is getting prepared to post earnings results on 1/29/2018 8:30:00 AM. It has underperformed by 2.51% the S&P500. The institutional investor purchased 670 shares of the aerospace company's stock, valued at approximately $208,000. It also increased its holding in Denbury by 300,000 shares in the quarter, for a total of 800,000 shares, and has risen its stake in Hca Holdings Inc (NYSE:HCA). Vanguard Index Fds (VTI) was reduced too.

Investors of record on Thursday, March 1st will be issued a dividend of $2.00 per share. The company has a debt-to-equity ratio of 6.56, a current ratio of 1.32 and a quick ratio of 0.95. About 3.67 million shares traded or 9.75% up from the average. (V) by 13.57% based on its latest 2017Q3 regulatory filing with the SEC. Moreover, Voya Investment Ltd Liability Corporation has 0.02% invested in Live Nation Entertainment, Inc. Highlander Cap Management Lc reported 0.11% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). Foundry Ltd reported 0.45% stake. Azimuth Capital Mgmt Ltd Liability Corp reported 3,713 shares or 0.09% of all its holdings. The Pennsylvania-based Bryn Mawr Trust has invested 0.06% in Lockheed Martin Corporation (NYSE:LMT). Liberty Incorporated invested in 1,060 shares or 0.19% of the stock.

Sell-side analyst recommendations point to a short term price target of $4.81 on the shares of Community Health Systems, Inc.

More news: Tax evasion row: Amala Paul appears before Kochi crime branch once again

In other news, insider Dale P. Bennett sold 2,000 shares of the business's stock in a transaction dated Monday, December 4th. Guardian Capital LP stated it has 0.31% in Lockheed Martin Corporation (NYSE:LMT). 2,502 were accumulated by Cahill Fincl Advisors.

An institutional investor recently bought a new position in Lockheed Martin stock. M&R Cap has invested 0.01% in Lockheed Martin Corporation (NYSE:LMT). 1,180 are owned by Dixon Hubard Feinour & Brown Va.

Lockheed expects full-year earnings to be $15.20 to $15.50 per share, with revenue in the range of $50 billion to $51.5 billion. Zacks Investment Research lowered shares of Lockheed Martin from a "hold" rating to a "sell" rating in a report on Wednesday, October 4th. Therefore 57% are positive. The stock of Lockheed Martin Corporation (NYSE:LMT) has "Hold" rating given on Monday, August 21 by Jefferies. The firm earned "Hold" rating on Tuesday, May 31 by Berenberg. The company was upgraded on Friday, January 8 by JP Morgan. The stock has "Buy" rating by Citigroup on Thursday, September 3. The rating was downgraded by Wells Fargo to "Market Perform" on Tuesday, January 16. RBC Capital Markets maintained the shares of LMT in report on Wednesday, January 27 with "Outperform" rating. The firm has "Hold" rating by RBC Capital Markets given on Friday, August 25. Royal Bank of Canada set a $314.00 target price on shares of Lockheed Martin and gave the stock a "hold" rating in a research report on Wednesday, November 15th. The rating was maintained by Stephens on Thursday, August 10 with "Buy".

The U.S. defence contractor took a $1.9 billion charge in the fourth quarter ended December 31, mainly due to the change in U.S. tax law. It offers single family residential, and multi-unit residential and commercial mortgages, as well as engages in the mortgage broker distribution channel operations. It has a 27.73 P/E ratio.

Since August 21, 2017, it had 0 buys, and 18 selling transactions for $1.67 billion activity. Van Cleef Asset Managementinc invested in 0.14% or 1,650 shares. It increased, as 23 investors sold LYV shares while 89 reduced holdings. 142 funds opened positions while 524 raised stakes. Marvin Palmer holds 0.96% or 21,095 shares. Jpmorgan Chase Company invested in 0.01% or 171,638 shares. It also reduced Nordson Corp (NASDAQ:NDSN) stake by 36,108 shares and now owns 1.24M shares. Sumitomo Life Insurance Co stated it has 23,776 shares or 0.2% of all its holdings. Moreover, Neumeier Poma Invest Counsel Limited has 2.6% invested in First National Financial Corporation (TSE:FN). Thompson Davis And Inc holds 0.06% in Extended Stay America, Inc. Hm Payson & owns 125,303 shares or 0.49% of their U.S. portfolio. Skylands Cap Ltd reported 108,600 shares. Aperio Group Inc Ltd Liability Co has 5,991 shares for 0% of their portfolio. Parkside Retail Bank invested in 571 shares. Ls Investment Llc reported 0.01% stake. Cadence State Bank Na stated it has 26,266 shares or 0.64% of all its holdings.


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