Carret Asset Management LLC Boosts Stock Position in Lockheed Martin Co. (NYSE:LMT)

Carret Asset Management LLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 8.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,816 shares of the aerospace company’s stock after purchasing an additional 141 shares during the period. Carret Asset Management LLC’s holdings in Lockheed Martin were worth $823,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LMT. Triumph Capital Management increased its stake in Lockheed Martin by 3.1% in the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock valued at $296,000 after purchasing an additional 22 shares during the last quarter. Abbrea Capital LLC boosted its stake in Lockheed Martin by 1.7% in the third quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock valued at $571,000 after acquiring an additional 23 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Lockheed Martin by 1.6% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock worth $584,000 after purchasing an additional 23 shares during the last quarter. Duncker Streett & Co. Inc. increased its position in shares of Lockheed Martin by 1.2% during the third quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock worth $823,000 after purchasing an additional 24 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its holdings in shares of Lockheed Martin by 0.7% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 3,375 shares of the aerospace company’s stock valued at $1,380,000 after purchasing an additional 25 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lockheed Martin

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 stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,874 shares of company stock worth $7,249,946. Corporate insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank of Canada reduced their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday. Susquehanna dropped 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 note on Wednesday, January 24th. Citigroup upped their price objective on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley lowered their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $485.40.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded up $0.55 on Thursday, hitting $459.69. The company’s stock had a trading volume of 263,975 shares, compared to its average volume of 1,163,372. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $110.55 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48. The firm has a fifty day moving average price of $442.16 and a 200-day moving average price of $444.14. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same period in the previous year, the firm posted $6.43 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts expect that Lockheed Martin Co. will post 26.04 earnings per share for the current fiscal year.

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.