2,054 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by Wynn Capital LLC

Wynn Capital LLC acquired a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, HoldingsChannel reports. The fund acquired 2,054 shares of the aerospace company’s stock, valued at approximately $931,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Hartline Investment Corp raised its position in Lockheed Martin by 218.0% during the fourth quarter. Hartline Investment Corp now owns 2,156 shares of the aerospace company’s stock worth $977,000 after acquiring an additional 1,478 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in shares of Lockheed Martin by 241.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 547 shares of the aerospace company’s stock valued at $248,000 after buying an additional 387 shares during the last quarter. GAMMA Investing LLC acquired a new position in Lockheed Martin during the fourth quarter worth approximately $689,000. Beaumont Asset Management L.L.C. increased its position in Lockheed Martin by 4.6% during the fourth quarter. Beaumont Asset Management L.L.C. now owns 2,808 shares of the aerospace company’s stock worth $1,273,000 after purchasing an additional 124 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its position in Lockheed Martin by 2.1% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 8,067 shares of the aerospace company’s stock worth $3,656,000 after purchasing an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.2 %

Shares of LMT stock traded down $0.95 on Wednesday, hitting $459.13. The stock had a trading volume of 1,018,454 shares, compared to its average volume of 1,174,945. The firm has a market capitalization of $110.42 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 4.21 and a beta of 0.48. The stock’s 50 day moving average is $441.34 and its 200-day moving average is $444.04. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $480.92.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.43 earnings per share. As a group, research analysts expect that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Wall Street Analyst Weigh In

LMT has been the subject of several research analyst reports. Citigroup upped their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday. Susquehanna dropped their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Royal Bank of Canada decreased their price objective on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. Finally, Morgan Stanley decreased their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $479.90.

Insider Activity

In other news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,874 shares of company stock worth $7,249,946. 0.14% of the stock is currently owned by company insiders.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.