Vaughan David Investments LLC IL Grows Holdings in Lockheed Martin Corporation $LMT

Vaughan David Investments LLC IL raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,006 shares of the aerospace company’s stock after purchasing an additional 1,601 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Lockheed Martin were worth $45,930,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Barnes Dennig Private Wealth Management LLC lifted its holdings in Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after buying an additional 40 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in Lockheed Martin in the 2nd quarter worth about $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Lockheed Martin during the second quarter worth approximately $29,000. Frazier Financial Advisors LLC bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $34,000. Finally, MTM Investment Management LLC bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $36,000. 74.19% of the stock is currently owned by institutional investors.

Insider Transactions at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the transaction, the chief operating officer directly owned 1 shares of the company’s stock, valued at $491.04. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is owned by corporate insiders.

Lockheed Martin Price Performance

Shares of LMT opened at $581.62 on Tuesday. The company has a 50 day moving average of $485.76 and a two-hundred day moving average of $472.71. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $582.93. The company has a market cap of $134.59 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 1.66 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The business had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $6.84 earnings per share. As a group, analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LMT has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $515.00 price objective (up previously from $465.00) on shares of Lockheed Martin in a research note on Friday, December 19th. Robert W. Baird increased their price target on Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday. BNP Paribas Exane raised their price target on Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Jefferies Financial Group upped their price objective on shares of Lockheed Martin from $500.00 to $540.00 and gave the stock a “hold” rating in a research note on Monday, January 12th. Finally, Royal Bank Of Canada increased their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $543.82.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.