Published: Thu, January 18, 2018
Business | By Tara Barton

Lockheed Martin (LMT) Downgraded to "Market Perform" at Wells Fargo & Co


Heartland Advisors Inc sold 31,800 shares as the company's stock declined 24.56% while stock markets rallied. The institutional investor held 2,410 shares of the military and government and technical company at the end of 2017Q3, valued at $747,000, down from 3,384 at the end of the previous reported quarter. Palisade Asset Management Llc who had been investing in Intel Corp for a number of months, seems to be bullish on the $202.81B market cap company. The stock increased 1.01% or $0.2155 during the last trading session, reaching $21.5555. About 10.10M shares traded. Northwest Pipe Company (NASDAQ:NWPX) has risen 57.42% since January 17, 2017 and is uptrending. It has outperformed by 16.39% the S&P500.

Oakmont Corp decreased Lockheed Martin Corp (LMT) stake by 2.51% reported in 2017Q3 SEC filing. $2.73 million worth of stock was sold by Carvalho Orlando D on Tuesday, August 15. The hedge fund run by Matthew Knauer held 637,500 shares of the public utilities company at the end of 2017Q3, valued at $19.13 million, down from 850,000 at the end of the previous reported quarter.

Lockheed Martin announced that its Board of Directors has authorized a share repurchase program on Thursday, September 28th that permits the company to buyback $2.00 billion in outstanding shares. About 998,965 shares traded.

Lockheed Martin Corporation (LMT) shares dropped -1.83 percent and closed the day at $330.11. It has underperformed by 2.74% the S&P500.

Among 8 analysts covering New Jersey Resources Corp (NYSE:NJR), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 35% are positive.

Analysts expect National Research Corporation (NASDAQ:NRCIB) to report $0.27 EPS on February, 13.They anticipate $0.04 EPS change or 17.39 % from last quarter's $0.23 EPS. RBC Capital Markets maintained Lockheed Martin Corporation (NYSE:LMT) rating on Sunday, October 8. The firm has "Buy" rating given on Tuesday, August 18 by Zacks. The firm has "Buy" rating by Deutsche Bank given on Monday, December 5. On Thursday, June 22 the stock rating was maintained by RBC Capital Markets with "Hold". Stifel Nicolaus upgraded Lockheed Martin Corporation (NYSE:LMT) on Monday, November 14 to "Buy" rating. The market capitalization of the company is $42.02 Billion. Berenberg initiated the shares of LMT in report on Thursday, March 17 with "Buy" rating. Bank of America maintained it with "Buy" rating and $360.0 target in Friday, October 27 report. The rating was maintained by Citigroup on Wednesday, August 19 with "Buy". The stock has "Hold" rating by Cowen & Co on Monday, July 17. Great West Life Assurance Company sold 3,609 shares as the company's stock rose 2.80% with the market. LMT's profit will be $1.16B for 20.71 P/E if the $4.06 EPS becomes a reality. After $1.60 actual earnings per share reported by The Allstate Corporation for the previous quarter, Wall Street now forecasts 1.87% EPS growth.

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Investors sentiment increased to 2.02 in Q3 2017. The company has a quick ratio of 0.95, a current ratio of 1.32 and a debt-to-equity ratio of 6.56. It improved, as 43 investors sold LMT shares while 356 reduced holdings. 110 funds opened positions while 386 raised stakes.

Since January 1, 0001, it had 0 buys, and 6 selling transactions for $4.64 million activity. Barrington Strategic Wealth Management Limited has invested 0.68% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). Vident Inv Advisory Ltd Liability Company owns 0.04% invested in Lockheed Martin Corporation (NYSE:LMT) for 2,364 shares. The New York-based M&T Bank Corp has invested 0.38% in Lockheed Martin Corporation (NYSE:LMT). Eastern Retail Bank invested 0.27% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). 2,578 are held by Hodges Management. Prudential Fin Inc reported 102,424 shares stake. Bnp Paribas Arbitrage Sa accumulated 13,485 shares. Moreover, Weaver C Barksdale Assoc Incorporated has 1.83% invested in Lockheed Martin Corporation (NYSE:LMT) for 5,280 shares. Daiwa Sb Invests holds 0.13% or 5,530 shares. (NYSE:WEX). Victory Capital Management stated it has 305,800 shares or 0.08% of all its holdings. 45,854 are owned by Berkshire Asset Mngmt Ltd Company Pa. Strategy Asset Managers Ltd Company owns 45,783 shares.

Since August 15, 2017, it had 0 insider purchases, and 3 sales for $18.05 million activity. Erickson Andrew also sold $32,833 worth of State Street Corporation (NYSE:STT) shares. On Tuesday, August 15 Tanner Bruce L sold $15.21M worth of Lockheed Martin Corporation (NYSE:LMT) or 49,700 shares. Its the same as in 2017Q2. Dimensional Fund Advsrs Ltd Partnership invested in 0.03% or 2.65M shares. Group holds 0% or 6,396 shares.

Baldwin Brothers Inc, which manages about $939.93 million and $621.98 million US Long portfolio, decreased its stake in Akamai Tech Inc (NASDAQ:AKAM) by 38,120 shares to 480 shares, valued at $23,000 in 2017Q3, according to the filing. Commonwealth Of Pennsylvania Pub School Empls Retrmt invested in 0.09% or 20,377 shares. Ameriprise accumulated 232,553 shares. 5,329 are owned by National Asset Management Incorporated. Moreover, Croft has 0.23% invested in Apache Corporation (NYSE:APA). Madison accumulated 115,278 shares. Alphamark Advsr Limited Liability Corporation invested in 700 shares. California-based Cap Investors has invested 0.41% in Intel Corporation (NASDAQ:INTC). Jrm Counsel Ltd Company holds 80,956 shares. Riverhead Capital Ltd Com invested in 4,616 shares. Thompson Siegel Walmsley Limited Liability reported 100 shares. The firm has "Hold" rating given on Friday, May 13 by Stifel Nicolaus. Therefore 0 are positive.

A number of other research analysts also recently issued reports on LMT. (NYSE:WMB) earned "Hold" rating by Jefferies on Tuesday, January 10. (NYSE:WMB) earned "Buy" rating by Jefferies on Friday, January 12. The stock has "Neutral" rating by Credit Suisse on Wednesday, October 25. The company was maintained on Wednesday, July 12 by Bernstein. RBC Capital Markets maintained it with "Sector Perform" rating and $263 target in Wednesday, January 25 report. The rating was initiated by Piper Jaffray on Wednesday, September 16 with "Overweight". 687.46 million shares or 1.13% less from 695.32 million shares in 2017Q2 were reported. Da Davidson And reported 26,535 shares or 0.02% of all its holdings.

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