Goelzer Investment Management Inc increased its stake in Lockheed Martin Corp (NYSE:LMT) by 70.05% based on its latest 2016Q1 regulatory filing with the SEC. Goelzer Investment Management Inc bought 14,927 shares as the companys stock rose 3.89% with the market. The institutional investor held 36,235 shares of the military and government and technical company at the end of 2016Q1, valued at $8.03 million, up from 21,308 at the end of the previous reported quarter. Goelzer Investment Management Inc who had been investing in Lockheed Martin Corp for a number of months, seems to be bullish on the $73.22B market cap company. The stock is down 0.04% or $0.1 hitting $239.79, despite the positive news. About 452,679 shares traded hands. Lockheed Martin Corporation (NYSE:LMT) has risen 14.17% since October 21, 2015 and is uptrending. It has outperformed by 10.65% the S&P500.
Goelzer Investment Management Inc is a Indiana-based institutional investor with more than $1.05 billion AUM in August, 2014. Taken from Goelzer Investment Management latest Adv, the fund reported to have 20 full and part-time employees. Among which 19 performing investment advisory and research functions. The institutional investor had more than 400 clients.
The institutional sentiment increased to 1.17 in Q4 2015. Its up 0.15, from 1.02 in 2015Q3. The ratio improved, as 46 funds sold all LMT shares owned while 350 reduced positions. 87 funds bought stakes while 375 increased positions. They now own 248.99 million shares or 4.62% more from 237.99 million shares in 2015Q3.
Canal Insurance Co holds 4.79% of its portfolio in LMT for 60,000 shares. Giovine Capital Group Llc owns 14,704 shares or 4.64% of their US portfolio. Moreover, South Street Advisors Llc has 4.29% invested in the company for 61,750 shares. The New York-based Chesapeake Asset Management Llc has invested 4.1% in the stock. Herndon Capital Management Llc, a Georgia-based fund reported 883,011 shares.
Out of 16 analysts covering Lockheed Martin Corporation (NYSE:LMT), 7 rate it a Buy, 1 Sell, while 11 Hold. This means 37% are positive. Lockheed Martin Corporation has been the topic of 27 analyst reports since July 21, 2015 according to StockzIntelligence Inc.
Lockheed Martin Corporation is a global security and aerospace company. The company has a market cap of $73.22 billion. The Firm is engaged in the research, design, integration and sustainment of advanced technology systems, services and products. It has a 21.23 P/E ratio. It operates in five divisions: Aeronautics; Information Systems & Global Solutions ; Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems.
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