Lockheed Martin Co. (NYSE:LMT) Holdings Lifted by Syon Capital LLC

Syon Capital LLC raised its position in Lockheed Martin Co. (NYSE:LMT) by 33.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,394 shares of the aerospace company’s stock after buying an additional 598 shares during the quarter. Syon Capital LLC’s holdings in Lockheed Martin were worth $1,085,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after buying an additional 27 shares during the last quarter. Activest Wealth Management lifted its position in shares of Lockheed Martin by 1,200.0% during the 4th 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 acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $33,000. Iron Horse Wealth Management LLC lifted its position 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 purchasing an additional 77 shares during the last quarter. Finally, Providence Capital Advisors LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

NYSE LMT traded up $5.64 during trading hours on Thursday, reaching $464.78. 926,791 shares of the company’s stock were exchanged, compared to its average volume of 1,171,861. The firm has a fifty day moving average of $442.16 and a 200-day moving average of $444.14. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 2.89. The stock has a market cap of $111.77 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $16.04 billion. During the same quarter in the prior year, the business earned $6.43 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities research analysts predict that Lockheed Martin Co. will post 26.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 value of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LMT has been the subject of several research analyst reports. The Goldman Sachs Group cut their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday. Royal Bank of Canada cut their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price target for the company from $475.00 to $518.00 in a report on Monday, April 15th. UBS Group upped their price target on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Susquehanna cut their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $485.40.

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.