Lockheed Martin Co. (NYSE:LMT) Stake Raised by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 36.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,171 shares of the aerospace company’s stock after acquiring an additional 847 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Lockheed Martin were worth $1,437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Triumph Capital Management raised its position in Lockheed Martin by 3.1% in the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock worth $296,000 after acquiring an additional 22 shares in the last quarter. Abbrea Capital LLC increased 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 worth $571,000 after purchasing an additional 23 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased 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 worth $584,000 after purchasing an additional 23 shares in the last quarter. Duncker Streett & Co. Inc. increased 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 worth $823,000 after purchasing an additional 24 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA increased its stake in Lockheed Martin by 0.7% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 3,375 shares of the aerospace company’s stock worth $1,380,000 after purchasing an additional 25 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $461.28 on Friday. The business’s fifty day moving average price is $443.74 and its two-hundred day moving average price is $444.46. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The stock has a market capitalization of $110.68 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 4.25 and a beta of 0.48. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.03.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $16.04 billion. During the same period in the prior year, the business posted $6.43 earnings per share. The business’s revenue was up 13.7% compared to the same quarter last year. As a group, analysts predict that Lockheed Martin Co. will post 26.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LMT has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday. UBS Group lifted their target price on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday. Morgan Stanley lowered their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Finally, The Goldman Sachs Group lowered their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $485.40.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, 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 value of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 sale, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $7,249,946 over the last three months. Company insiders own 0.17% of the company’s stock.

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.