Lockheed Martin Co. (NYSE:LMT) Position Reduced by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. reduced its position in Lockheed Martin Co. (NYSE:LMT) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,356 shares of the aerospace company’s stock after selling 74 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Lockheed Martin were worth $3,787,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich raised its stake in Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares during the period. Activest Wealth Management boosted its holdings in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the period. Milestone Investment Advisors LLC acquired a new position in shares of Lockheed Martin during the third quarter worth approximately $33,000. Providence Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the third quarter worth $35,000. Finally, Iron Horse Wealth Management LLC raised its stake in Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 1.3 %

Shares of Lockheed Martin stock traded up $6.05 on Thursday, hitting $465.19. 927,138 shares of the company’s stock traded hands, compared to its average volume of 1,171,864. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.03. The stock has a market capitalization of $111.87 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48. The firm’s 50-day moving average price is $443.00 and its two-hundred day moving average price is $444.29.

Lockheed Martin (NYSE:LMT) last released 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. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same quarter in the prior year, the firm posted $6.43 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. On average, research analysts expect that Lockheed Martin Co. will post 26.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on LMT. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Wells Fargo & Company raised their target price on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday. Citigroup boosted their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley lowered their target price on 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 research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $485.40.

Insider Activity at Lockheed Martin

In related news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the transaction, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $7,249,946 in the last ninety days. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Profile

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.