Guyasuta Investment Advisors Inc. Raises Holdings in Lockheed Martin Co. (NYSE:LMT)

Guyasuta Investment Advisors Inc. lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,058 shares of the aerospace company’s stock after buying an additional 68 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Lockheed Martin were worth $2,292,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich increased its stake in Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Activest Wealth Management increased its stake in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares in the last quarter. Milestone Investment Advisors LLC purchased a new position in Lockheed Martin in the 3rd quarter valued at approximately $33,000. Providence Capital Advisors LLC purchased a new position in Lockheed Martin in the 3rd quarter valued at approximately $35,000. Finally, Iron Horse Wealth Management LLC increased its stake in Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 77 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the subject of several recent research reports. Morgan Stanley dropped their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $475.00 to $518.00 in a report on Monday, April 15th. Citigroup raised their price objective on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. UBS Group lifted their target price on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday. One 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $485.40.

Insider Activity at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through this link. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction that occurred 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. Insiders sold a total of 16,874 shares of company stock valued at $7,249,946 over the last three months. 0.17% of the stock is owned by insiders.

Lockheed Martin Stock Up 0.9 %

Shares of NYSE LMT traded up $4.31 during midday trading on Monday, reaching $465.60. 321,900 shares of the company’s stock were exchanged, compared to its average volume of 1,157,403. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The stock has a market capitalization of $111.72 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 4.22 and a beta of 0.48. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The business’s fifty day moving average price is $443.74 and its two-hundred day moving average price is $444.58.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.53. The firm had revenue of $17.20 billion during 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%. Lockheed Martin’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company earned $6.43 earnings per share. Analysts forecast that Lockheed Martin Co. will post 26.16 EPS for the current year.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.