Acropolis Investment Management LLC increased its position in Lockheed Martin Co. (NYSE:LMT – Get Rating) by 26.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,065 shares of the aerospace company’s stock after purchasing an additional 850 shares during the period. Acropolis Investment Management LLC’s holdings in Lockheed Martin were worth $1,748,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Western Pacific Wealth Management LP bought a new position in Lockheed Martin during the 4th quarter valued at $25,000. Capital Advisory Group Advisory Services LLC bought a new stake in shares of Lockheed Martin during the 1st quarter worth $38,000. San Luis Wealth Advisors LLC bought a new stake in shares of Lockheed Martin during the 1st quarter worth $42,000. Citizens National Bank Trust Department bought a new stake in shares of Lockheed Martin during the 4th quarter worth $43,000. Finally, Simon Quick Advisors LLC raised its stake in shares of Lockheed Martin by 1,940.0% during the 1st quarter. Simon Quick Advisors LLC now owns 102 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 97 shares during the period. 75.50% of the stock is currently owned by institutional investors.
Lockheed Martin Stock Down 1.7 %
LMT stock traded down $7.33 during midday trading on Friday, hitting $414.75. The stock had a trading volume of 7,225 shares, compared to its average volume of 1,094,717. The firm has a market cap of $109.97 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 2.88 and a beta of 0.66. The business has a 50-day moving average of $419.75 and a two-hundred day moving average of $431.25. Lockheed Martin Co. has a 52-week low of $324.23 and a 52-week high of $479.99. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.06.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on LMT. Wells Fargo & Company decreased their price objective on Lockheed Martin from $496.00 to $406.00 and set an “equal weight” rating for the company in a report on Wednesday, July 20th. Royal Bank of Canada started coverage on Lockheed Martin in a report on Monday, August 29th. They set a “sector perform” rating and a $460.00 target price for the company. Finally, Morgan Stanley reduced their target price on Lockheed Martin from $525.00 to $522.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $448.92.
Insider Buying and Selling
In other Lockheed Martin news, EVP Gregory M. Ulmer sold 6,929 shares of Lockheed Martin stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total transaction of $2,936,995.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Gregory M. Ulmer sold 6,929 shares of Lockheed Martin stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total value of $2,936,995.23. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John Donovan bought 632 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The shares were acquired at an average price of $396.16 per share, for a total transaction of $250,373.12. Following the completion of the purchase, the director now owns 1,200 shares in the company, valued at $475,392. The disclosure for this purchase can be found here. 0.17% of the stock is owned by corporate insiders.
Lockheed Martin Company 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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
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