StrongBox Wealth LLC Increases Stock Position in Lockheed Martin Co. (NYSE:LMT)

StrongBox Wealth LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMTGet Rating) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 861 shares of the aerospace company’s stock after acquiring an additional 45 shares during the quarter. StrongBox Wealth LLC’s holdings in Lockheed Martin were worth $370,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Gamco Investors INC. ET AL lifted its stake in shares of Lockheed Martin by 69.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 2,876 shares of the aerospace company’s stock worth $1,022,000 after purchasing an additional 1,175 shares during the period. Blair William & Co. IL raised its stake in Lockheed Martin by 0.4% during the 4th quarter. Blair William & Co. IL now owns 25,313 shares of the aerospace company’s stock worth $8,997,000 after acquiring an additional 109 shares during the period. Mmbg Investment Advisors CO. bought a new stake in Lockheed Martin during the 4th quarter worth approximately $384,000. LPL Financial LLC raised its stake in Lockheed Martin by 8.2% during the 4th quarter. LPL Financial LLC now owns 371,376 shares of the aerospace company’s stock worth $131,991,000 after acquiring an additional 28,198 shares during the period. Finally, William Allan LLC bought a new stake in Lockheed Martin during the 4th quarter worth approximately $790,000. Hedge funds and other institutional investors own 75.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Lockheed Martin from $525.00 to $522.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 20th. Royal Bank of Canada started coverage on shares of Lockheed Martin in a report on Monday, August 29th. They issued a “sector perform” rating and a $460.00 target price for the company. Finally, Wells Fargo & Company cut their target price on shares of Lockheed Martin from $496.00 to $406.00 and set an “equal weight” rating for the company in a report on Wednesday, July 20th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $448.92.

Insiders Place Their Bets

In other news, Director John Donovan bought 632 shares of Lockheed Martin stock in a transaction on Wednesday, July 20th. The stock was acquired at an average cost of $396.16 per share, for a total transaction of $250,373.12. Following the completion of the acquisition, the director now owns 1,200 shares of the company’s stock, valued at approximately $475,392. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Gregory M. Ulmer sold 6,929 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total transaction of $2,936,995.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Donovan purchased 632 shares of the company’s stock in a transaction dated Wednesday, July 20th. The shares were acquired at an average price of $396.16 per share, for a total transaction of $250,373.12. Following the purchase, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $475,392. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Down 2.4 %

Shares of LMT stock traded down $10.20 on Friday, hitting $411.88. The stock had a trading volume of 18,673 shares, compared to its average volume of 1,094,717. The company has a quick ratio of 1.06, a current ratio of 1.27 and a debt-to-equity ratio of 1.02. The business has a 50 day moving average price of $419.75 and a 200 day moving average price of $431.25. The company has a market cap of $109.21 billion, a PE ratio of 24.43, a P/E/G ratio of 2.88 and a beta of 0.66. Lockheed Martin Co. has a one year low of $324.23 and a one year high of $479.99.

Lockheed Martin (NYSE:LMTGet Rating) last released its quarterly earnings data on Tuesday, July 19th. The aerospace company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $6.39 by ($5.23). The firm had revenue of $15.45 billion during the quarter, compared to the consensus estimate of $16.02 billion. Lockheed Martin had a net margin of 7.33% and a return on equity of 69.02%. The business’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.13 earnings per share. Research analysts anticipate that Lockheed Martin Co. will post 26.8 earnings per share for the current fiscal year.

About Lockheed Martin

(Get Rating)

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, Rotary and Mission Systems, and Space.

Read More

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMTGet Rating).

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

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.