Traders Buy Shares of Lockheed Martin (LMT) on Weakness

The institutional investor held 62,500 shares of the plastic products company at the end of 2017Q3, valued at $2.67M, up from 42,500 at the end of the previous reported quarter. Grandfield & Dodd Llc who had been investing in Abb Ltd for a number of months, seems to be bullish on the $58.59B market cap company. The stock was bought at an average cost of $312.02 per share, for a total transaction of $780,050.00. (NASDAQ:CTBI) has risen 20.20% since January 19, 2017 and is uptrending. It has outperformed by 7.27% the S&P500.

Lockheed Martin declared that its Board of Directors has initiated a stock buyback plan on Thursday, September 28th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the aerospace company to purchase up to 2.3% of its stock through open market purchases. The institutional investor held 3,330 shares of the military and government and technical company at the end of 2017Q3, valued at $1.03M, up from 1,920 at the end of the previous reported quarter. The stock decreased 0.30% or $1 during the last trading session, reaching $332. About 115,081 shares traded.

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Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 24th. It has underperformed by 2.51% the S&P500. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Therefore 56% are positive. AT&T Inc. had 69 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned "Sector Weight" rating on Tuesday, January 2 by KeyBanc Capital Markets. (NYSE:NWL) rating on Thursday, September 21. As per Monday, August 14, the company rating was maintained by Cowen & Co. The stock has "Hold" rating by Oppenheimer on Tuesday, August 8. The stock of Lockheed Martin Corporation (NYSE:LMT) has "Hold" rating given on Wednesday, November 15 by RBC Capital Markets. The firm has "Underperformer" rating given on Monday, April 4 by IBC. The firm earned "Hold" rating on Tuesday, May 31 by Berenberg. The rating was upgraded by Goldman Sachs to "Buy" on Tuesday, October 31. The firm earned "Buy" rating on Wednesday, January 20 by Guggenheim. The stock of Newell Brands Inc. The firm has "Outperform" rating given on Monday, December 12 by Robert W. Baird. Carret Asset Mngmt Ltd Company accumulated 2,334 shares. It also reduced its holding in Rockwell Automation (NYSE:ROK) by 173,470 shares in the quarter, leaving it with 97,740 shares, and cut its stake in Idexx Labs Inc (NASDAQ:IDXX). They expect $0.65 EPS, down 1.52% or $0.01 from last year's $0.66 per share. It is negative, as 32 investors sold ALKS shares while 64 reduced holdings. Alkeon Cap Mngmt Ltd invested 0.66% in Teradyne, Inc. Tarbox Family Office Incorporated holds 0.01% or 88 shares. 366,416 are held by Jpmorgan Chase And. Ftb Advsr invested 0% in Community Trust Bancorp, Inc. 160.36 million shares or 0.00% less from 160.36 million shares in 2017Q2 were reported. Marco Ltd Liability Company owns 0.79% invested in The Mosaic Company (NYSE:MOS) for 231,906 shares. Westwood Holding Grp Inc reported 0.07% of its portfolio in Newell Brands Inc. (NYSE:TER). State Bank Of Montreal Can stated it has 568,026 shares or 0.02% of all its holdings. Tradewinds Ltd Com stated it has 0% of its portfolio in Praxair, Inc. (NYSE:NWL). Cornerstone Advisors has invested 0.01% in Newell Brands Inc. Hallmark Cap Management invested in 5,965 shares. Capital World Investors has invested 0.01% in Douglas Dynamics, Inc. (NYSE:TER) shares were sold by Robbins Brad. Deutsche State Bank Ag invested 0.02% of its portfolio in The Howard Hughes Corporation (NYSE:HHC). (NYSE:TER) shares were sold by Gray Charles Jeffrey.

Since August 30, 2017, it had 0 insider purchases, and 4 sales for $4.11 million activity. Geode Capital Mngmt Limited Liability Company reported 180,665 shares. Zacks Investment Research upgraded Lockheed Martin from a "hold" rating to a "buy" rating and set a $373.00 target price on the stock in a report on Friday. Therefore 57% are positive. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. equities research analysts forecast that Lockheed Martin will post 13.11 earnings per share for the current fiscal year. On Wednesday, October 25 the stock rating was maintained by Credit Suisse with "Neutral". The stock of Lockheed Martin Corporation (NYSE:LMT) has "Buy" rating given on Monday, January 8 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of MOS in report on Thursday, November 5 with "Buy" rating. Finally, Credit Suisse Group reissued a "neutral" rating and issued a $308.00 price objective (up previously from $300.00) on shares of Lockheed Martin in a research note on Wednesday, October 25th. The stock of Lockheed Martin Corporation (NYSE:LMT) has "Hold" rating given on Monday, August 14 by Cowen & Co. Wheatland Advsrs Incorporated has 0.19% invested in Lockheed Martin Corporation (NYSE:LMT). On Wednesday, August 12 the stock rating was initiated by UBS with "Buy".

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Investors sentiment decreased to 1.25 in 2017 Q3. The company has a debt-to-equity ratio of 6.56, a current ratio of 1.32 and a quick ratio of 0.95. It increased, as 43 investors sold LMT shares while 356 reduced holdings. 70 funds opened positions while 217 raised stakes. Blair William And Il holds 12,159 shares.

Analysts await Lockheed Martin Corporation (NYSE:LMT) to report earnings on January, 23. Adage Cap Partners Limited Liability holds 125,000 shares or 0.02% of its portfolio. Buckingham Capital Management Inc. bought a new stake in shares of Lockheed Martin Co. Following the purchase, the director now directly owns 7,432 shares of the company's stock, valued at approximately $2,318,932.64. 2,305 are held by Glenview Savings Bank Trust Dept. Utah Retirement reported 45,946 shares. Umb Commercial Bank N A Mo owns 47,760 shares for 0.51% of their portfolio. Florida-based Smith Chas P And Associates Pa Cpas has invested 0.06% in Lockheed Martin Corporation (NYSE:LMT). Cannell Peter B & has 72,534 shares for 0.78% of their portfolio. Paloma Ptnrs Mgmt Company, Connecticut-based fund reported 5,847 shares. Cornerstone Inv Ltd Liability Company owns 1,992 shares or 0.01% of their U.S. portfolio.

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