Lockheed Martin Co. (NYSE:LMT) Stock Position Raised by RB Capital Management LLC

RB Capital Management LLC raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 5.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,975 shares of the aerospace company’s stock after acquiring an additional 191 shares during the period. RB Capital Management LLC’s holdings in Lockheed Martin were worth $1,802,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hexagon Capital Partners LLC boosted its holdings in shares of Lockheed Martin by 17.3% during the third quarter. Hexagon Capital Partners LLC now owns 414 shares of the aerospace company’s stock worth $169,000 after purchasing an additional 61 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Lockheed Martin by 2.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 114,974 shares of the aerospace company’s stock worth $47,020,000 after buying an additional 3,006 shares during the period. Joel Isaacson & Co. LLC grew its position in shares of Lockheed Martin by 16.3% in the third quarter. Joel Isaacson & Co. LLC now owns 1,070 shares of the aerospace company’s stock valued at $438,000 after purchasing an additional 150 shares during the last quarter. Sigma Investment Counselors Inc. increased its stake in shares of Lockheed Martin by 6.1% in the third quarter. Sigma Investment Counselors Inc. now owns 928 shares of the aerospace company’s stock worth $380,000 after purchasing an additional 53 shares during the period. Finally, Mission Wealth Management LP boosted its stake in Lockheed Martin by 24.5% during the 3rd quarter. Mission Wealth Management LP now owns 3,475 shares of the aerospace company’s stock valued at $1,421,000 after purchasing an additional 684 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LMT. Susquehanna cut their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. The Goldman Sachs Group reduced their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Wells Fargo & Company lifted their price objective on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Finally, Citigroup upped their target price on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded down $3.20 during mid-day trading on Wednesday, reaching $461.73. 994,505 shares of the stock were exchanged, compared to its average volume of 1,153,620. The company has a market cap of $110.79 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 4.28 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The firm has a 50-day simple moving average of $445.43 and a 200 day simple moving average of $444.99.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for 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%. Lockheed Martin’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business earned $6.43 earnings per share. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction 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 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 sale, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 in the last 90 days. 0.14% of the stock is currently 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.