Lockheed Martin Co. (NYSE:LMT) Shares Bought by Hartline Investment Corp

Hartline Investment Corp increased its stake in Lockheed Martin Co. (NYSE:LMT) by 218.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,156 shares of the aerospace company’s stock after acquiring an additional 1,478 shares during the quarter. Hartline Investment Corp’s holdings in Lockheed Martin were worth $977,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Triumph Capital Management boosted its stake in shares of Lockheed Martin by 3.1% during the 3rd quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock worth $296,000 after buying an additional 22 shares during the last quarter. Abbrea Capital LLC lifted its stake in Lockheed Martin by 1.7% in the 3rd quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock valued at $571,000 after purchasing an additional 23 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its stake in Lockheed Martin by 1.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock valued at $584,000 after purchasing an additional 23 shares during the last quarter. Duncker Streett & Co. Inc. lifted its stake in Lockheed Martin by 1.2% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock valued at $823,000 after purchasing an additional 24 shares during the last quarter. Finally, Hanlon Investment Management Inc. lifted its stake in Lockheed Martin by 2.7% in the 3rd quarter. Hanlon Investment Management Inc. now owns 936 shares of the aerospace company’s stock valued at $383,000 after purchasing an additional 25 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

LMT traded down $0.94 during trading on Wednesday, hitting $459.14. 1,017,323 shares of the stock traded hands, compared to its average volume of 1,174,945. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $480.92. The company has a market cap of $110.42 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 4.21 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The business has a 50 day moving average price of $441.34 and a 200 day moving average price of $444.04.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $6.43 earnings per share. Equities research analysts forecast that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Susquehanna lowered their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Morgan Stanley lowered 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 report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Finally, Citigroup increased their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $479.90.

Insiders Place Their Bets

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,874 shares of company stock valued at $7,249,946. 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.