Worldwide

The Lockheed Martin Corporation (LMT) Coverage Initiated at RBC Capital Markets

Its investment was worth $493,678,000 a decrease of 5.3% as of the end of the quarter.

Lockheed Martin Corporation announced that its Board of Directors has authorized a share repurchase plan on Thursday, September 28th that authorizes the company to buyback $2.00 billion in shares. The stock rose 0.18% or $0.56 reaching $313.48 per share. About 376,336 shares traded. Lockheed Martin Corporation has a fifty-two week low of $245.50 and a fifty-two week high of $322.19. It has underperformed by 2.51% the S&P500. Jefferies Group LLC reissued a "hold" rating and issued a $265.00 price target on shares of Lockheed Martin Corporation in a research note on Tuesday, August 22nd. The company now has a P/E ratio of 25.35 and the market value is 89.63B. The Company's principal subsidiary is TCF National Bank (TCF Bank). It has a 20.55 P/E ratio. The Firm is a financial institution, serving individual clients and others with a range of banking, investing, asset management and other financial and risk management services and products.

Ratings analysis reveals 33% of TCF Financial's analysts are positive.

Among 22 analysts covering United States Steel Corporation (NYSE:X), 8 have Buy rating, 4 Sell and 10 Hold. Lockheed Martin Corporation now has an average rating of "Buy" and a consensus target price of $322.13. Deutsche Bank downgraded the stock to "Hold" rating in Friday, January 20 report. Alley Lc reported 2.8% in Lockheed Martin Corporation (NYSE:LMT). They expect $0.34 EPS, up 25.93% or $0.07 from last year's $0.27 per share. The aerospace company reported $3.24 EPS for the quarter, missing analysts' consensus estimates of $3.26 by ($0.02).

About 366,432 shares traded. United States Steel Corporation (NYSE:X) has risen 45.54% since November 14, 2016 and is uptrending. It has underperformed by 3.03% the S&P500. It also reduced its holding in Micron Technology Inc (NASDAQ:MU) by 17,175 shares in the quarter, leaving it with 611,914 shares, and cut its stake in Apple Inc (NASDAQ:AAPL).

Zwj Investment Counsel Inc, which manages about $1.35 billion and $1.25B US Long portfolio, decreased its stake in Ishares Tr (ITOT) by 30,609 shares to 29,515 shares, valued at $1.64 million in 2017Q2, according to the filing. Pinnacle Foods Inc Del (NYSE:PF) was raised too.

Investors sentiment decreased to 1.02 in 2017 Q2. 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 increased, as 37 investors sold LMT shares while 393 reduced holdings.

A hedge fund recently bought a new stake in Lockheed Martin Corporation stock. Barclays Capital maintained Lockheed Martin Corporation (NYSE:LMT) rating on Tuesday, February 16. Btr Management holds 0.36% or 6,264 shares in its portfolio.

Investors are more bearish on shares of Lockheed Martin Corp of late if you pay attention to the rise in short interest. UBS downgraded the shares of URI in report on Friday, October 14 to "Sell" rating. Checchi Capital Advisers LLC now owns 3,810 shares of the company's stock valued at $946,000 after buying an additional 786 shares in the last quarter. Meyer Handelman Co. now owns 1,600 shares of the company's stock valued at $397,000 after buying an additional 300 shares in the last quarter. Lockheed Martin Corporation had a return on equity of 221.41% and a net margin of 7.31%. Bluecrest Capital Management Ltd bought 50,580 shares as the company's stock declined 50.78% while stock markets rallied. Main Street Rech Ltd Llc holds 1.91% or 42,145 shares in its portfolio. Crawford Invest Counsel Inc reported 805 shares. Burke Herbert Retail Bank invested in 0.32% or 1,260 shares. The company reported $3.61 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.86 by $0.75. Lockheed Martin Corporation's revenue for the quarter was up 5.4% on a year-over-year basis. The days to cover increased to 3.0 and the short interest percentage is 0.01% as of October 13. LMT's profit will be $1.16B for 19.42 P/E if the $4.03 EPS becomes a reality. Meyer Handelman Co. increased its stake in Lockheed Martin Corporation by 23.1% in the second quarter. The stock of Lockheed Martin Corporation (NYSE:LMT) has "Buy" rating given on Wednesday, October 25 by Stifel Nicolaus. Therefore 62% are positive. Lockheed Martin Corporation had 68 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Buy" rating by Jefferies given on Friday, June 9. The stock of Lockheed Martin Corporation (NYSE:LMT) has "Buy" rating given on Thursday, October 5 by Buckingham Research. The rating was maintained by Credit Suisse with "Hold" on Wednesday, July 19. The firm earned "Hold" rating on Tuesday, May 31 by Berenberg. Piper Jaffray maintained Total SA (ADR) (NYSE:TOT) rating on Monday, September 25. Zacks Investment Research raised Lockheed Martin Corporation from a "hold" rating to a "buy" rating and set a $325.00 price target on the stock in a research report on Thursday, July 27th.

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