Stack Financial Management Inc Lowers Position in Lockheed Martin Co. (NYSE:LMT)

Stack Financial Management Inc decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,536 shares of the aerospace company’s stock after selling 1,295 shares during the period. Lockheed Martin accounts for 2.4% of Stack Financial Management Inc’s portfolio, making the stock its 15th largest position. Stack Financial Management Inc’s holdings in Lockheed Martin were worth $21,545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. Activest Wealth Management boosted its holdings in Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the last quarter. Milestone Investment Advisors LLC purchased a new stake in Lockheed Martin in the third quarter worth approximately $33,000. Providence Capital Advisors LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter worth $35,000. Finally, Iron Horse Wealth Management LLC boosted its stake in shares of Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 77 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT traded down $3.05 during mid-day trading on Friday, reaching $461.73. 370,102 shares of the stock were exchanged, compared to its average volume of 1,161,622. The business’s 50 day moving average is $443.00 and its 200-day moving average is $444.29. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50. The company has a market capitalization of $110.79 billion, a P/E ratio of 17.02, a P/E/G ratio of 4.20 and a beta of 0.48. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.03 and a current ratio of 1.30.

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

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday. UBS Group upped their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday. Citigroup boosted their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $485.40.

Insider Buying and Selling at Lockheed Martin

In other news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other 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 value of $2,827,726.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock worth $7,249,946 over the last three months. Insiders own 0.17% of the company’s stock.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.