Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Birchcreek Wealth Management LLC

Birchcreek Wealth Management LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 15.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 799 shares of the aerospace company’s stock after acquiring an additional 104 shares during the period. Birchcreek Wealth Management LLC’s holdings in Lockheed Martin were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in LMT. Brookstone Capital Management raised its holdings in Lockheed Martin by 34.4% during the third quarter. Brookstone Capital Management now owns 30,588 shares of the aerospace company’s stock worth $13,740,000 after purchasing an additional 7,836 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Lockheed Martin by 2.7% during the third quarter. Commonwealth Equity Services LLC now owns 246,339 shares of the aerospace company’s stock worth $100,743,000 after purchasing an additional 6,526 shares in the last quarter. FAS Wealth Partners Inc. raised its holdings in Lockheed Martin by 1.2% during the third quarter. FAS Wealth Partners Inc. now owns 6,480 shares of the aerospace company’s stock worth $2,650,000 after purchasing an additional 78 shares in the last quarter. Compagnie Lombard Odier SCmA raised its holdings in Lockheed Martin by 0.7% during the third quarter. Compagnie Lombard Odier SCmA now owns 3,375 shares of the aerospace company’s stock worth $1,380,000 after purchasing an additional 25 shares in the last quarter. Finally, Nixon Peabody Trust Co. bought a new position in shares of Lockheed Martin in the third quarter valued at $253,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. 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 in the last quarter. Insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Up 1.1 %

NYSE:LMT traded up $4.86 during trading hours on Monday, reaching $466.15. The company’s stock had a trading volume of 337,990 shares, compared to its average volume of 1,157,618. The company has a market cap of $111.85 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 4.22 and a beta of 0.48. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The business’s 50-day moving average is $443.74 and its 200-day moving average is $444.58. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 9.73% and a return on equity of 85.96%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.43 EPS. Equities research analysts predict that Lockheed Martin Co. will post 26.16 EPS for the current year.

Wall Street Analyst Weigh In

LMT has been the topic of several research reports. The Goldman Sachs Group dropped their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Royal Bank of Canada dropped their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock 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. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Wells Fargo & Company upped their price target on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target 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.