Gofen & Glossberg Cut Its Lockheed Martin (LMT) Holding; Lockheed Martin (LMT) Shorts Down By 12.86%

July 17, 2017 - By Henry Gaston

Lockheed Martin Corporation (NYSE:LMT) had a decrease of 12.86% in short interest. LMT’s SI was 2.27 million shares in July as released by FINRA. Its down 12.86% from 2.61M shares previously. With 801,000 avg volume, 3 days are for Lockheed Martin Corporation (NYSE:LMT)’s short sellers to cover LMT’s short positions. The SI to Lockheed Martin Corporation’s float is 0.91%. The stock increased 0.48% or $1.37 during the last trading session, reaching $288.13. About 1 shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 14.19% since July 17, 2016 and is uptrending. It has underperformed by 2.51% the S&P500.

Gofen & Glossberg Llc decreased Lockheed Martin (LMT) stake by 2.79% reported in 2016Q4 SEC filing. Gofen & Glossberg Llc sold 1,615 shares as Lockheed Martin (LMT)’s stock rose 2.80%. The Gofen & Glossberg Llc holds 56,193 shares with $14.05 million value, down from 57,808 last quarter. Lockheed Martin now has $83.91 billion valuation. The stock increased 0.48% or $1.37 during the last trading session, reaching $288.13. About 1 shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 14.19% since July 17, 2016 and is uptrending. It has underperformed by 2.51% the S&P500.

Investors sentiment increased to 1.2 in 2016 Q4. Its up 0.43, from 0.77 in 2016Q3. It is positive, as 49 investors sold Lockheed Martin Corporation shares while 363 reduced holdings. 126 funds opened positions while 368 raised stakes. 228.20 million shares or 0.63% less from 229.64 million shares in 2016Q3 were reported. 1,258 were reported by Smith Moore And Co. Avalon Advsrs Lc has invested 1.25% in Lockheed Martin Corporation (NYSE:LMT). Gam Ag holds 0.56% or 126,901 shares. Adage Capital Gru Limited Liability has invested 0.05% in Lockheed Martin Corporation (NYSE:LMT). First Fin In owns 900 shares. Confluence Wealth Ltd Liability holds 0.17% in Lockheed Martin Corporation (NYSE:LMT) or 1,375 shares. Centers Of America holds 23,448 shares or 0.5% of its portfolio. Glob X Management Ltd Liability Co invested 0.01% in Lockheed Martin Corporation (NYSE:LMT). Wright Investors Ser Inc owns 1.67% invested in Lockheed Martin Corporation (NYSE:LMT) for 15,384 shares. Parasol Investment Mgmt Ltd Liability accumulated 0.32% or 1,212 shares. First Midwest National Bank & Trust Trust Division holds 0.54% in Lockheed Martin Corporation (NYSE:LMT) or 18,099 shares. Beacon owns 1,906 shares for 0.08% of their portfolio. Pnc Svcs Group Inc Inc Inc reported 715,196 shares. Modera Wealth Llc accumulated 0.53% or 6,304 shares. Wells Fargo And Mn has invested 0.31% in Lockheed Martin Corporation (NYSE:LMT).

Since February 14, 2017, it had 0 insider buys, and 1 sale for $3.15 million activity. Edwards Richard H sold $3.15 million worth of stock.

Lockheed Martin Corporation is a security and aerospace company. The company has market cap of $83.91 billion. The Firm operates through four divisions. It has a 23.12 P/E ratio. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.

Among 17 analysts covering Lockheed Martin Corporation (NYSE:LMT), 10 have Buy rating, 0 Sell and 7 Hold. Therefore 59% are positive. Lockheed Martin Corporation had 45 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Berenberg given on Thursday, March 17. The company was downgraded on Tuesday, May 31 by Berenberg. The rating was upgraded by Deutsche Bank on Wednesday, November 9 to “Buy”. As per Thursday, September 3, the company rating was upgraded by Zacks. The firm earned “Hold” rating on Friday, May 13 by Stifel Nicolaus. Wells Fargo upgraded the shares of LMT in report on Monday, September 19 to “Outperform” rating. The firm has “Outperform” rating given on Wednesday, January 27 by Wolfe Research. The stock has “Outperform” rating by Robert W. Baird on Thursday, October 6. Barclays Capital upgraded the shares of LMT in report on Thursday, November 10 to “Equal Weight” rating. JP Morgan initiated the stock with “Neutral” rating in Thursday, August 25 report.

Investors sentiment increased to 1.2 in 2016 Q4. Its up 0.43, from 0.77 in 2016Q3. It increased, as 49 investors sold LMT shares while 363 reduced holdings. 126 funds opened positions while 368 raised stakes. 228.20 million shares or 0.63% less from 229.64 million shares in 2016Q3 were reported. Cap Advsr Limited Liability Corp reported 50 shares stake. Moreover, Oakmont has 15.31% invested in Lockheed Martin Corporation (NYSE:LMT) for 334,854 shares. Klingenstein Fields & Com Ltd Com has invested 0.2% in Lockheed Martin Corporation (NYSE:LMT). Regentatlantic Cap Ltd Llc holds 0.06% or 2,444 shares. Martingale Asset Management Limited Partnership, a Massachusetts-based fund reported 190,563 shares. Laurion Capital Mgmt Limited Partnership invested in 4,600 shares or 0.01% of the stock. Joel Isaacson & Ltd Com reported 0.04% in Lockheed Martin Corporation (NYSE:LMT). Psagot Invest House Ltd has invested 0% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). Franklin Street Advisors Inc Nc holds 0.08% of its portfolio in Lockheed Martin Corporation (NYSE:LMT) for 1,916 shares. Smithbridge Asset Mngmt Incorporated De, Pennsylvania-based fund reported 13,745 shares. Fincl Bank Of Nova Scotia invested in 0.44% or 344,601 shares. Marsico Mgmt Ltd Llc holds 334,420 shares. Forte Capital Limited Liability Adv owns 1,077 shares for 0.1% of their portfolio. Twin Tree Mgmt Limited Partnership holds 0.02% or 6,652 shares. Tdam Usa has invested 0.23% in Lockheed Martin Corporation (NYSE:LMT).

Since February 14, 2017, it had 0 buys, and 1 insider sale for $3.15 million activity. Shares for $3.15 million were sold by Edwards Richard H on Tuesday, February 14.

Gofen & Glossberg Llc increased Ishares Core Msci Eafe Etf (IEFA) stake by 5,894 shares to 87,209 valued at $4.68M in 2016Q4. It also upped Public Storage (NYSE:PSA) stake by 5,007 shares and now owns 47,190 shares. Charles Schwab (NYSE:SCHW) was raised too.

Among 17 analysts covering Lockheed Martin Corporation (NYSE:LMT), 10 have Buy rating, 0 Sell and 7 Hold. Therefore 59% are positive. Lockheed Martin Corporation had 45 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Wednesday, November 9. The stock has “Outperform” rating by Wells Fargo on Monday, September 19. Barclays Capital maintained Lockheed Martin Corporation (NYSE:LMT) rating on Monday, May 2. Barclays Capital has “Underweight” rating and $225 target. On Wednesday, January 6 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The firm earned “Buy” rating on Thursday, March 17 by Berenberg. The rating was reinitiated by Credit Suisse on Wednesday, November 18 with “Neutral”. Deutsche Bank maintained it with “Buy” rating and $300 target in Monday, December 5 report. The firm has “Sector Perform” rating given on Thursday, January 12 by RBC Capital Markets. Wolfe Research upgraded the shares of LMT in report on Wednesday, January 27 to “Outperform” rating. The firm has “Buy” rating by Drexel given on Wednesday, October 21.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.