Marshall & Sterling Wealth Advisors Inc. Takes Position in Lockheed Martin Co. (NYSE:LMT)

Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,136 shares of the aerospace company's stock, valued at approximately $552,000.

Several other large investors have also recently made changes to their positions in the business. Morse Asset Management Inc boosted its stake in Lockheed Martin by 1.0% in the 3rd quarter. Morse Asset Management Inc now owns 3,058 shares of the aerospace company's stock worth $1,788,000 after purchasing an additional 31 shares during the period. Tudor Financial Inc. bought a new position in Lockheed Martin in the 3rd quarter worth about $557,000. Anchor Investment Management LLC boosted its position in shares of Lockheed Martin by 8.4% during the 3rd quarter. Anchor Investment Management LLC now owns 4,125 shares of the aerospace company's stock valued at $2,411,000 after acquiring an additional 320 shares during the last quarter. Fulcrum Equity Management boosted its position in shares of Lockheed Martin by 4.7% during the 3rd quarter. Fulcrum Equity Management now owns 900 shares of the aerospace company's stock valued at $526,000 after acquiring an additional 40 shares during the last quarter. Finally, Sculati Wealth Management LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $258,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded down $2.18 during trading on Thursday, reaching $475.57. 428,711 shares of the stock traded hands, compared to its average volume of 1,250,656. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95. The business has a fifty day simple moving average of $458.18 and a two-hundred day simple moving average of $489.83. The company has a market capitalization of $111.42 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 2.07 and a beta of 0.39.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The firm had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Sell-side analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Analyst Ratings Changes

LMT has been the topic of a number of research reports. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Citigroup lowered their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. StockNews.com upgraded shares of Lockheed Martin from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company reduced their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lockheed Martin currently has an average rating of "Moderate Buy" and a consensus target price of $544.79.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now owns 2,000 shares of the company's stock, valued at $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,133 shares of company stock valued at $3,155,916. Insiders own 0.14% of the company's stock.

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.