Boothbay Fund Management LLC Takes $398,000 Position in Lockheed Martin Co. (NYSE:LMT)

Boothbay Fund Management LLC purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 819 shares of the aerospace company's stock, valued at approximately $398,000.

Several other hedge funds also recently modified their holdings of LMT. Charles Schwab Investment Management Inc. boosted its holdings in Lockheed Martin by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after buying an additional 1,132,461 shares during the last quarter. Geode Capital Management LLC boosted its stake in Lockheed Martin by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock worth $2,374,557,000 after acquiring an additional 59,597 shares during the last quarter. Invesco Ltd. grew its holdings in Lockheed Martin by 17.5% during the fourth quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock valued at $1,035,989,000 after purchasing an additional 318,007 shares during the period. Bank of New York Mellon Corp increased its stake in Lockheed Martin by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,743,757 shares of the aerospace company's stock valued at $847,361,000 after purchasing an additional 15,085 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Lockheed Martin by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,274,580 shares of the aerospace company's stock worth $619,369,000 after purchasing an additional 70,516 shares during the period. Institutional investors own 74.19% of the company's stock.

Insider Buying and Selling

In related news, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was 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 in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.14% of the stock is owned by insiders.

Lockheed Martin Stock Down 1.2 %

NYSE:LMT traded down $5.58 on Friday, hitting $472.14. 2,089,571 shares of the company's stock were exchanged, compared to its average volume of 1,258,094. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95. The company has a market cap of $110.62 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a 50-day moving average price of $458.96 and a 200-day moving average price of $488.91.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $17.83 billion. As a group, analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LMT. Truist Financial started coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price objective for the company. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective on the stock in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a "buy" rating to a "hold" rating and lowered their target price for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, StockNews.com raised shares of Lockheed Martin from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of "Moderate Buy" and an average target price of $544.79.

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.