Fulton Breakefield Broenniman LLC Has $358,000 Position in Lockheed Martin Co. (NYSE:LMT)

Fulton Breakefield Broenniman LLC reduced its stake in Lockheed Martin Co. (NYSE:LMT) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 790 shares of the aerospace company’s stock after selling 166 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Lockheed Martin were worth $358,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LMT shares. Morgan Stanley decreased their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Susquehanna reduced their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Finally, UBS Group increased their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $485.40.

Lockheed Martin Price Performance

Shares of LMT stock traded down $3.49 on Friday, reaching $461.29. The company had a trading volume of 857,964 shares, compared to its average volume of 1,102,151. The stock has a market capitalization of $110.68 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 4.25 and a beta of 0.48. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The business’s 50-day moving average is $443.74 and its 200 day moving average is $444.46.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $6.43 EPS. Equities research analysts forecast that Lockheed Martin Co. will post 26.05 EPS for the current fiscal year.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock worth $7,249,946 in the last quarter. 0.17% of the stock is owned by insiders.

Lockheed Martin Company 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.