VCI Wealth Management LLC Purchases New Stake in Lockheed Martin Co. (NYSE:LMT)

VCI Wealth Management LLC bought a new position in Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 552 shares of the aerospace company’s stock, valued at approximately $250,000.

Several other hedge funds also recently bought and sold shares of the company. Herold Advisors Inc. raised its holdings in shares of Lockheed Martin by 8.6% in the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock worth $1,410,000 after buying an additional 274 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Lockheed Martin by 3.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock worth $8,624,000 after acquiring an additional 770 shares in the last quarter. Alethea Capital Management LLC bought a new position in Lockheed Martin during the third quarter worth about $415,000. New Mexico Educational Retirement Board lifted its holdings in Lockheed Martin by 6.4% during the third quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock worth $4,784,000 after acquiring an additional 700 shares in the last quarter. Finally, Gilbert & Cook Inc. raised its stake in shares of Lockheed Martin by 22.8% in the 3rd quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company’s stock valued at $521,000 after purchasing an additional 237 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.8 %

Shares of NYSE:LMT traded down $3.50 during trading on Friday, reaching $461.28. 857,663 shares of the stock traded hands, compared to its average volume of 1,167,992. The stock has a 50-day moving average of $443.00 and a two-hundred day moving average of $444.29. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.03 and a current ratio of 1.30. The stock has a market cap of $110.68 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 4.20 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter last year, the company posted $6.43 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on LMT. Citigroup lifted their target price on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley cut their price target 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. Royal Bank of Canada cut their target price on 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. Wells Fargo & Company upped their target price on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average price target of $485.40.

Insider Buying and Selling

In related news, insider Gregory M. Ulmer sold 6,204 shares of the company’s 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 completion of the sale, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,874 shares of company stock worth $7,249,946. 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.