Lockheed Martin Corp (NYSE:LMT).
Thomaspartners, Inc. increased its position in Lockheed Martin Corp shares by 1.3% as reported in a filing on 11/15/2017. Its stake was worth $245,601,000 an increase of 13.2% as of the end of the quarter.
Several firms have shifted positions in (LMT). Agf Investments Inc. downsized its ownership by selling 20,697 shares a decrease of 24.0%. Agf Investments Inc. controls 65,490 shares worth $20,321,000. The value of the position overall is down by 15.1%. Bowen Hanes & Co Inc reduced its investment by shedding 390 shares a decrease of 0.3% as of 09/30/2017. Bowen Hanes & Co Inc now controls 117,181 shares valued at $36,360,000. The total value of its holdings increased 11.4%.
As of the end of the quarter Raymond James & Associates had bought a total of 6,916 shares growing its stake by 1.7%. The value of the investment in (LMT) increased from $116,127,000 to $131,946,000 increasing 13.6% quarter to quarter.
Equity analyst Bank of America Corporation released a research note on LMT with a rating of “Buy” and price target of $360.00. On October 25 Cowen and Company held the stock rating at “Hold” projecting a price of $320.00.
Equity analyst Royal Bank Of Canada lowered the price target on October 25 changing the price objective from $327.00 to $316.00 and stated a “Sector Perform” rating. October 25 investment analysts at Credit Suisse Group made no change to the stock rating of “Neutral” targeting a price of $308.00.
Stifel Nicolaus raised the price target on October 25 boosting the projection from $320.00 to $340.00 with a rating of “Buy”. Equity analyst Buckingham Research raised the price target of the stock on October 5 changing the forecast from $316.00 to $348.00 with a “Buy” recommendation.
In the market the company is trading down since yesterday’s close of 313.85. The company’s P/E ratio is 25.31 and the market cap is 89.52B. In the last earnings report the EPS was $12.33 with 286.73M shares presently outstanding.
Traders are a little more bearish on Lockheed Martin Corp of late if you take a look at the increase in short interest. The stock had a rise in short interest of 9.12% as of October 13, 2017 from the last reporting period. Short shares grew from 2,203,931 to 2,404,849 over that timeframe. Days to cover increased 1.0 to 3.0 and the percentage of shorted shares was 0.01% on October 13.