Buckhead Capital Management LLC Has $5.83 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Buckhead Capital Management LLC lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 4.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,872 shares of the aerospace company’s stock after acquiring an additional 555 shares during the quarter. Lockheed Martin accounts for about 2.2% of Buckhead Capital Management LLC’s holdings, making the stock its 8th biggest holding. Buckhead Capital Management LLC’s holdings in Lockheed Martin were worth $5,834,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LMT. International Assets Investment Management LLC increased its stake in shares of Lockheed Martin by 10,526.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock worth $617,416,000 after buying an additional 1,349,409 shares during the period. Vanguard Group Inc. increased its stake in shares of Lockheed Martin by 1.3% in the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after buying an additional 279,162 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Lockheed Martin by 28.5% in the third quarter. Envestnet Asset Management Inc. now owns 707,696 shares of the aerospace company’s stock worth $289,419,000 after buying an additional 156,842 shares during the period. Wellington Management Group LLP increased its stake in shares of Lockheed Martin by 4.0% in the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock worth $1,291,816,000 after buying an additional 121,358 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Lockheed Martin by 32.4% in the third quarter. AQR Capital Management LLC now owns 449,167 shares of the aerospace company’s stock worth $183,691,000 after buying an additional 110,021 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

LMT traded down $3.20 during midday trading on Wednesday, hitting $461.73. 994,509 shares of the company traded hands, compared to its average volume of 1,157,922. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $110.79 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 4.28 and a beta of 0.48. The company’s 50-day moving average is $445.43 and its 200 day moving average is $444.99. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.53. The business had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.43 EPS. On average, research analysts expect that Lockheed Martin Co. will post 26.16 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on LMT. Citigroup boosted their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. 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 report on Wednesday, January 24th. The Goldman Sachs Group reduced their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. Royal Bank of Canada reduced their price objective on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $475.00 to $518.00 in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $485.40.

Insider Buying and Selling

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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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. In the last ninety days, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.14% of the stock is owned by corporate insiders.

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.