6,163 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC bought a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 6,163 shares of the aerospace company's stock, valued at approximately $2,995,000.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in Lockheed Martin by 4.0% in the third quarter. Principal Financial Group Inc. now owns 270,879 shares of the aerospace company's stock valued at $158,345,000 after acquiring an additional 10,358 shares in the last quarter. Diversified Trust Co boosted its position in shares of Lockheed Martin by 6.0% in the 4th quarter. Diversified Trust Co now owns 9,009 shares of the aerospace company's stock worth $4,378,000 after purchasing an additional 506 shares in the last quarter. Bath Savings Trust Co grew its stake in Lockheed Martin by 7.5% during the 4th quarter. Bath Savings Trust Co now owns 10,820 shares of the aerospace company's stock worth $5,258,000 after buying an additional 758 shares during the last quarter. Range Financial Group LLC increased its position in Lockheed Martin by 158.2% during the 4th quarter. Range Financial Group LLC now owns 2,505 shares of the aerospace company's stock valued at $1,217,000 after buying an additional 1,535 shares in the last quarter. Finally, Innova Wealth Partners purchased a new stake in Lockheed Martin in the fourth quarter valued at about $269,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

LMT opened at $468.20 on Wednesday. The firm has a fifty day moving average price of $460.48 and a 200 day moving average price of $485.17. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. The stock has a market cap of $109.70 billion, a P/E ratio of 21.03, a P/E/G ratio of 2.07 and a beta of 0.29. 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 (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping 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 business had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Equities research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LMT shares. UBS Group upped their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Morgan Stanley raised 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 report on Wednesday, April 16th. StockNews.com downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday. JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Finally, Wells Fargo & Company dropped their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Insiders Place Their Bets

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the transaction, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the business'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 sale, the vice president now directly owns 2,278 shares of the company's stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.14% of the stock is owned by corporate insiders.

About Lockheed Martin

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.

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