Legacy Capital Wealth Partners LLC Boosts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Legacy Capital Wealth Partners LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,477 shares of the aerospace company’s stock after buying an additional 37 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Lockheed Martin were worth $670,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Herold Advisors Inc. lifted its stake in shares of Lockheed Martin by 8.6% during the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock worth $1,410,000 after purchasing an additional 274 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Lockheed Martin by 3.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock valued at $8,624,000 after buying an additional 770 shares during the last quarter. Alethea Capital Management LLC acquired a new stake in Lockheed Martin in the third quarter valued at approximately $415,000. New Mexico Educational Retirement Board grew its holdings in Lockheed Martin by 6.4% in the third quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock worth $4,784,000 after purchasing an additional 700 shares during the last quarter. Finally, Gilbert & Cook Inc. lifted its holdings in shares of Lockheed Martin by 22.8% during the 3rd quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company’s stock valued at $521,000 after purchasing an additional 237 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $461.29 on Monday. The stock has a market cap of $110.68 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 4.22 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The business has a 50-day simple moving average of $443.74 and a 200-day simple moving average of $444.58. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. The business had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.43 EPS. On average, equities analysts expect that Lockheed Martin Co. will post 26.16 EPS for the current year.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research analyst reports. Citigroup increased their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Royal Bank of Canada lowered their target price on shares of 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. Wells Fargo & Company upped their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Susquehanna reduced their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $485.40.

Insider Buying and Selling

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 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 directly owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.14% of the stock is owned by company insiders.

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.