Lockheed Martin Corporation (LMT) has been the subject of numerous financial movements.
Vectors Research Management recently acquired 1,661 shares, while
Gryphon Financial Partners and
TrinityPoint Wealth increased their holdings and
TD Asset Management holds stock worth $43.19 million. Despite positive moves,
Assetmark and
Vltava Fund have reduced their positions. The company is a favourite among institutional investors, owning 75% of the shares. Performance wise, the company has exceeded analyst expectations with strong Q1 2024 earnings, confirmed its 2024 outlook and posted solid 2023 earnings with record backlog and strong cash flow. It also managed to outperform competitors on a few trading days. Despite the positive news, the company's stock has underperformed compared to competitors on other days. Additionally, Lockheed recently secured a $451 million contract from the US Army and a Navy contract to support the LCS program. Institutional investors seem confident in the company's future, which is indicated in the company’s strong investment performance over the past five years.
Lockheed Martin Corp LMT News Analytics from Wed, 06 Sep 2023 07:00:00 GMT to Sun, 02 Jun 2024 19:33:09 GMT -
Rating 2
- Innovation 3
- Information 6
- Rumor 0
