As Lockheed Martin Corporation (LMT) Market Value Rose, Huntington National Bank Upped by $4.35 Million Its Position

November 10, 2018 - By Ruchi Gupta

Lockheed Martin Corporation (NYSE:LMT) LogoInvestors sentiment increased to 1.05 in 2018 Q2. Its up 0.10, from 0.95 in 2018Q1. It increased, as 66 investors sold LMT shares while 384 reduced holdings. 101 funds opened positions while 370 raised stakes. 215.56 million shares or 0.58% less from 216.82 million shares in 2018Q1 were reported. 1,219 are owned by Perkins Coie Tru. Welch Forbes Limited Company has invested 0.03% in Lockheed Martin Corporation (NYSE:LMT). Ftb Advsrs Inc holds 0.01% or 359 shares. First Lp owns 204,481 shares for 0.13% of their portfolio. Mariner Ltd holds 0.21% or 25,165 shares. Cobblestone Advsrs Llc Ny holds 0.15% or 5,123 shares. Hightower Advsrs has 107,293 shares for 0.25% of their portfolio. Willis Inv Counsel reported 1.07% in Lockheed Martin Corporation (NYSE:LMT). Personal Advisors, California-based fund reported 865 shares. Cullinan Assoc holds 0.02% of its portfolio in Lockheed Martin Corporation (NYSE:LMT) for 900 shares. Morgan Dempsey Mngmt Ltd Company has invested 1.92% in Lockheed Martin Corporation (NYSE:LMT). Ameriprise Financial holds 1.78 million shares or 0.23% of its portfolio. Moreover, Choate has 0.02% invested in Lockheed Martin Corporation (NYSE:LMT) for 1,079 shares. Hays Advisory Ltd holds 808 shares or 0.13% of its portfolio. Bp Public Ltd owns 0.3% invested in Lockheed Martin Corporation (NYSE:LMT) for 31,000 shares.

Since July 25, 2018, it had 0 insider purchases, and 2 sales for $10.44 million activity. 7,250 shares were sold by Lavan Maryanne, worth $2.35 million on Wednesday, July 25.

Huntington National Bank increased its stake in Lockheed Martin Corporation (LMT) by 11.61% based on its latest 2018Q2 regulatory filing with the SEC. Huntington National Bank bought 14,730 shares as the company’s stock rose 3.48% with the market. The institutional investor held 141,627 shares of the military and government and technical company at the end of 2018Q2, valued at $41.84M, up from 126,897 at the end of the previous reported quarter. Huntington National Bank who had been investing in Lockheed Martin Corporation for a number of months, seems to be bullish on the $89.06 billion market cap company. The stock increased 1.48% or $4.56 during the last trading session, reaching $313.12. About 1.29M shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 7.10% since November 10, 2017 and is uptrending. It has underperformed by 8.52% the S&P500.

Huntington National Bank, which manages about $6.02B US Long portfolio, decreased its stake in Wells Fargo & Co (NYSE:WFC) by 71,014 shares to 294,618 shares, valued at $16.33 million in 2018Q2, according to the filing. It also reduced its holding in Vanguard (Prn) (VWO) by 282,685 shares in the quarter, leaving it with 1.07M shares, and cut its stake in Church & Dwight Co Inc (NYSE:CHD).

More notable recent Lockheed Martin Corporation (NYSE:LMT) news were published by: Bizjournals.com which released: “See which companies in Central Florida are hiring the most $100000+ jobs” on November 09, 2018, also Seekingalpha.com with their article: “Midterm Elections – Cramer’s Mad Money (11/6/18)” published on November 07, 2018, Streetinsider.com published: “Lockheed Martin’s (LMT) Sikorsky Wins $717 Million Award to Sustain Super Stallion, Sea Dragon Aircraft” on November 05, 2018. More interesting news about Lockheed Martin Corporation (NYSE:LMT) were released by: Bizjournals.com and their article: “From Lockheed to Rollins: Meet this avid Orlandoan, who’s considered a local PR industry expert” published on November 09, 2018 as well as Bizjournals.com‘s news article titled: “DFW units of Lockheed Martin, Boeing score big contracts” with publication date: November 08, 2018.

Lockheed Martin Corporation (NYSE:LMT) Ratings Coverage

Among 9 analysts covering Lockheed Martin Corp (NYSE:LMT), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Lockheed Martin Corp has $412 highest and $33500 lowest target. $384.14’s average target is 22.68% above currents $313.12 stock price. Lockheed Martin Corp had 14 analyst reports since May 22, 2018 according to SRatingsIntel. Credit Suisse maintained Lockheed Martin Corporation (NYSE:LMT) on Wednesday, July 25 with “Neutral” rating. Morgan Stanley maintained it with “Overweight” rating and $377 target in Wednesday, July 25 report. Bank of America maintained Lockheed Martin Corporation (NYSE:LMT) rating on Wednesday, July 25. Bank of America has “Buy” rating and $412 target. The stock has “Buy” rating by Berenberg on Thursday, July 26. The rating was maintained by Credit Suisse on Tuesday, May 22 with “Hold”. Credit Suisse maintained Lockheed Martin Corporation (NYSE:LMT) on Wednesday, October 3 with “Neutral” rating. The rating was upgraded by Cowen & Co on Wednesday, July 25 to “Outperform”. The stock has “Neutral” rating by JP Morgan on Wednesday, October 24. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, October 11. The firm has “Overweight” rating by Morgan Stanley given on Thursday, July 12.

Lockheed Martin Corporation (NYSE:LMT) Institutional Positions Chart

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