Union Bankshares Corp lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,108 shares of the aerospace company’s stock after buying an additional 135 shares during the period. Union Bankshares Corp’s holdings in Lockheed Martin were worth $2,123,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LMT. Capital International Investors grew its stake in shares of Lockheed Martin by 47.7% in the third quarter. Capital International Investors now owns 3,465,642 shares of the aerospace company’s stock worth $1,198,974,000 after purchasing an additional 1,119,631 shares during the last quarter. FMR LLC grew its stake in shares of Lockheed Martin by 13.7% in the third quarter. FMR LLC now owns 2,656,966 shares of the aerospace company’s stock worth $919,205,000 after purchasing an additional 319,488 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Lockheed Martin by 768.9% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 267,942 shares of the aerospace company’s stock worth $92,697,000 after purchasing an additional 237,106 shares during the last quarter. Mainstay Capital Management LLC ADV grew its stake in shares of Lockheed Martin by 25,999.4% in the second quarter. Mainstay Capital Management LLC ADV now owns 223,150 shares of the aerospace company’s stock worth $785,000 after purchasing an additional 222,295 shares during the last quarter. Finally, Vanguard Group Inc grew its stake in shares of Lockheed Martin by 0.9% in the third quarter. Vanguard Group Inc now owns 21,266,343 shares of the aerospace company’s stock worth $7,357,305,000 after purchasing an additional 199,456 shares during the last quarter. Institutional investors own 77.66% of the company’s stock.

In other Lockheed Martin news, VP Bruce L. Tanner sold 11,203 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $308.49, for a total transaction of $3,456,013.47. Following the sale, the vice president now owns 79,770 shares of the company’s stock, valued at $24,608,247.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

LMT has been the topic of several analyst reports. Zacks Investment Research raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $366.00 price objective on the stock in a research note on Wednesday, October 24th. Morgan Stanley set a $386.00 price objective on shares of Lockheed Martin and gave the stock a “buy” rating in a research note on Thursday, October 11th. Robert W. Baird reissued a “buy” rating and issued a $326.00 price objective on shares of Lockheed Martin in a research note on Friday, December 21st. Vertical Group raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Vertical Research raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $340.00 price objective on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $358.60.

LMT traded down $2.71 during trading on Monday, reaching $275.02. 5,694 shares of the stock traded hands, compared to its average volume of 1,395,996. The company has a current ratio of 1.11, a quick ratio of 0.91 and a debt-to-equity ratio of 13.46. The stock has a market capitalization of $76.95 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96. Lockheed Martin Co. has a 12 month low of $241.18 and a 12 month high of $363.00.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 23rd. The aerospace company reported $5.14 EPS for the quarter, beating the Zacks’ consensus estimate of $4.31 by $0.83. The business had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $13.10 billion. Lockheed Martin had a net margin of 5.78% and a return on equity of 2,680.55%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.24 earnings per share. As a group, research analysts predict that Lockheed Martin Co. will post 17.74 EPS for the current fiscal year.

Lockheed Martin declared that its Board of Directors has authorized a stock repurchase plan on Thursday, September 27th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the aerospace company to reacquire up to 1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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About Lockheed Martin

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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