Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Howe & Rusling Inc.

Howe & Rusling Inc. increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,579 shares of the aerospace company’s stock after acquiring an additional 50 shares during the period. Howe & Rusling Inc.’s holdings in Lockheed Martin were worth $1,169,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LMT. International Assets Investment Management LLC lifted its stake in Lockheed Martin by 10,526.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock worth $617,416,000 after acquiring an additional 1,349,409 shares in the last quarter. Vanguard Group Inc. lifted its stake in Lockheed Martin by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after acquiring an additional 279,162 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Lockheed Martin by 28.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 707,696 shares of the aerospace company’s stock worth $289,419,000 after acquiring an additional 156,842 shares in the last quarter. Wellington Management Group LLP raised its position in Lockheed Martin by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock valued at $1,291,816,000 after purchasing an additional 121,358 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Lockheed Martin by 32.4% in the 3rd quarter. AQR Capital Management LLC now owns 449,167 shares of the aerospace company’s stock valued at $183,691,000 after purchasing an additional 110,021 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Activity

In other news, SVP Maryanne Lavan sold 4,022 shares of the firm’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 legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO John Frank A. St sold 6,648 shares of Lockheed Martin 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock valued at $7,249,946 in the last three months. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Trading Down 0.7 %

Shares of LMT stock opened at $461.73 on Thursday. The business’s 50 day moving average is $446.11 and its two-hundred day moving average is $445.10. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The company has a market capitalization of $110.79 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 4.26 and a beta of 0.46. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $6.43 EPS. Equities analysts forecast that Lockheed Martin Co. will post 26.12 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on LMT. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price target for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Morgan Stanley reduced their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Royal Bank of Canada reduced their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. Citigroup raised their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $485.40.

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.