Turtle Creek Wealth Advisors LLC Buys 2,205 Shares of Lockheed Martin Corporation $LMT

Turtle Creek Wealth Advisors LLC lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 54.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,223 shares of the aerospace company’s stock after acquiring an additional 2,205 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Lockheed Martin were worth $3,107,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tableaux LLC increased its holdings in Lockheed Martin by 34,231.4% during the 2nd quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock worth $288,589,000 after purchasing an additional 621,300 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Lockheed Martin by 169.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock worth $265,030,000 after buying an additional 359,748 shares in the last quarter. Vanguard Group Inc. raised its position in Lockheed Martin by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after buying an additional 214,565 shares during the last quarter. Holocene Advisors LP acquired a new stake in Lockheed Martin in the 2nd quarter valued at approximately $92,628,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Lockheed Martin in the 2nd quarter valued at approximately $89,850,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares in the company, valued at $491.04. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $581.62 on Tuesday. The company has a fifty day moving average price of $485.76 and a two-hundred day moving average price of $472.71. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $582.93. The stock has a market cap of $134.59 billion, a P/E ratio of 32.47, a P/E/G ratio of 1.66 and a beta of 0.24. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping the consensus estimate of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same period in the previous year, the business earned $6.84 EPS. Lockheed Martin’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LMT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Robert W. Baird increased their target price on shares of Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday. BNP Paribas raised shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, November 18th. Susquehanna reissued a “positive” rating and set a $660.00 price target on shares of Lockheed Martin in a research report on Thursday. Finally, BNP Paribas Exane raised their price objective on Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $543.82.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.