Lockheed Martin Corp. Announces 14% Decline In Q3 Bottom Line

Wednesday, 25 Oct, 2017

The stock declined 3.04% or $9.76 reaching $310.97 per share. The volume of OMC witnessed a shift from 3.48 million shares, based on a 50-day average, to 2.06 million shares. Lockheed Martin Corporation also recently declared a dividend for shareholders to be paid on Friday December 29th, 2017. It has underperformed by 10.79% the S&P500. Of those analysts, 8 rate stock as a Strong Buy, 4 rate it as Hold, and just no analyst rates it as a Moderate Sell. Therefore 33% are positive. RBC Capital Markets maintained it with "Hold" rating and $26300 target in Monday, July 10 report. Zacks Investment Research lowered Lockheed Martin Corporation from a "hold" rating to a "sell" rating in a research note on Wednesday, October 4th. Citigroup maintained it with "Buy" rating and $232 target in Wednesday, August 19 report. JP Morgan initiated Lockheed Martin Corporation (NYSE:LMT) on Thursday, August 25 with "Neutral" rating. Robert W. Baird has "Outperform" rating and $284 target. The hedge fund run by Louis Navellier held 23,407 shares of the military and government and technical company at the end of 2017Q2, valued at $6.50M, down from 47,843 at the end of the previous reported quarter.

The results fell short of Wall Street expectations. Therefore 60% are positive.

According to Lockheed Martin Corporation (LMT) most recent 13F filing, the company has 99 new institutional holders - accounting for 1.19 million shares of its common stock. Pacific Heights Asset Management Lc invested 2.83% in Lockheed Martin Corporation (NYSE:LMT). The rating was maintained by Cowen & Co with "Hold" on Monday, July 17. The company was downgraded on Tuesday, April 11 by Wells Fargo. The firm has "Underweight" rating by Barclays Capital given on Tuesday, February 16. 823.00 million shares or 0.09% more from 822.25 million shares in 2017Q1 were reported.

Lockheed Martin Corporation (NYSE:LMT) has seen its stock price gain 70.79, or +28.32%, so far in 2017.

"We are in the process of hiring 1,000 engineers for these new programs that we won in 2017". Its up 0.06, from 1.01 in 2017Q1. It improved, as 37 investors sold LMT shares while 393 reduced holdings.

Shares slipped 1.16% to US$317 each. Argus Research maintained Lockheed Martin Corporation (NYSE:LMT) rating on Tuesday, July 21.

The aeronautics division, which makes the F-35 fighter jet, was the only Lockheed business unit to increase profitability from a year ago. Moreover, Highlander Cap Management Ltd Llc has 0.05% invested in Lockheed Martin Corporation (NYSE:LMT) for 250 shares. Donaldson Capital Management Ltd Limited Liability Company invested in 97,077 shares. The United Kingdom-based Hsbc Holdings Public Limited Com has invested 0.04% in Lockheed Martin Corporation (NYSE:LMT). Pinebridge Invs Lp invested in 0% or 503 shares. Arizona State Retirement System invested 0.35% in Lockheed Martin Corporation (NYSE:LMT). Wade G W holds 6,725 shares or 0.07% of its portfolio. RBC Capital Markets maintained the shares of LMT in report on Friday, September 29 with "Hold" rating.

Waters Corporation is an analytical instrument manufacturer. This buyback authorization permits the aerospace company to purchase up to 2.3% of its stock through open market purchases. The Company operates through four segments. It has a 36.82 P/E ratio.

Investors sentiment increased to 1.27 in 2017 Q2. Its up 0.09, from 0.76 in 2017Q1. The company said materials costs for the F-35 multi-year "block buy" would go up in 2018 and capital investments would be made in facilities for the Space Systems division. 22 funds opened positions while 53 raised stakes. San Francisco Sentry Inv (Ca) reported 2,659 shares. Marathon Asset Mgmt Ltd Liability Partnership accumulated 677,294 shares or 2.16% of the stock. Alps Advisors accumulated 578,098 shares or 0.33% of the stock. Insiders now own 0.10% of total outstanding shares. Orleans Cap Management La owns 9,582 shares. Parkside Financial Bank invested in 0% or 14 shares. Hartford reported 84 shares. Smith Chas P And Associate Pa Cpas holds 1,337 shares. Mgmt Communication invested in 46,225 shares. Department Mb Fin State Bank N A, a Illinois-based fund reported 605 shares.

The stock increased 0.04% or $0.08 on October 24, reaching $187.63.

About 24,812 shares traded. Alliance Data Systems Corporation (NYSE:ADS) has risen 14.47% since October 24, 2016 and is uptrending. Bessemer Group Inc owns 540,397 shares.