Large Outflow of Money Witnessed in Lockheed Martin Corporation

Lockheed Martin Corporation (LMT) jumped 0.04 points or 0.02% on strong buying and was last priced at $251.37 per share. The shares saw huge fund flow intraday; a massive $16.95 million made their way in through the upticks but an even bigger $23.18 million made their way out through downticks. As per the last observation, the net money flow stood at $(-6.23) million and the up/down ratio was found to be 0.73. The shares have seen a weekly value change of -0.84% .A block trade was recorded in the company shares with a net money flow of $(-6.25) million. The composite value of the funds in upticks was $0 million and the total value of funds in downticks was $6.25. As can be seen from the data, the block transaction had the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Lockheed Martin Corporation has dropped 0.04% in the last five trading days, however, the shares have posted positive gains of 0.38% in the last 4 weeks. Lockheed Martin Corporation is up 2.54% in the last 3-month period. Year-to-Date the stock performance stands at 0.38%. Lockheed Martin Corporation (NYSE:LMT) witnessed a decline in the market cap on Wednesday as its shares dropped 0.17% or 0.43 points. After the session commenced at $250.83, the stock reached the higher end at $252.56 while it hit a low of $249.98. With the volume soaring to 1,210,386 shares, the last trade was called at $250.9. The company has a 52-week high of $269.9. The company has a market cap of $72,705 million and there are 289,777,350 shares in outstanding. The 52-week low of the share price is $203.65.

Company has reported several Insider transactions to the SEC, on Aug 5, 2016, Sondra L Barbour (Executive Vice President) sold 66,460 shares at 255.89 per share price.On Apr 29, 2016, Maryanne Lavan (SVP & General Counsel) sold 21,720 shares at 233.17 per share price.On Apr 29, 2016, Marillyn A Hewson (Chairman, Pres. & CEO) sold 25,000 shares at 233.38 per share price.

Lockheed Martin Corporation Last issued its quarterly earnings results on Jan 24, 2017. The company reported $3.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.21. Analyst had a consensus of $3.04. The company had revenue of $13752.00 million for the quarter, compared to analysts expectations of $12994.70 million. The companys revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.01 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Lockheed Martin Corporation was Reiterated by RBC Capital Mkts on Jan 25, 2017 to Sector Perform, Lowers Price Target to $ 263 from a previous price target of $265 .Lockheed Martin Corporation was Initiated by RBC Capital Mkts on Jan 12, 2017 to Sector Perform, Price Target of the shares are set at $265.Company shares were Upgraded by Stifel on Nov 14, 2016 to Buy, Raises Price Target to $ 290 from a previous price target of $260 .Company shares were Upgraded by Barclays on Nov 10, 2016 to Equal Weight, Raises Price Target to $ 275 from a previous price target of $245 .Lockheed Martin Corporation was Upgraded by Deutsche Bank to Buy on Nov 9, 2016.

Lockheed Martin Corp. is a global enterprise principally engaged in the research, design, development, manufacture and integration of advanced-technology systems, products and services. The corporations core businesses are systems integration, space, aeronautics, and technology services. (Company Press Release)


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