Alteri Wealth LLC Buys Shares of 3,699 Lockheed Martin Co. (NYSE:LMT)

Alteri Wealth LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,699 shares of the aerospace company's stock, valued at approximately $1,797,000. Lockheed Martin accounts for approximately 0.5% of Alteri Wealth LLC's holdings, making the stock its 23rd biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of the business. World Investment Advisors LLC increased its stake in shares of Lockheed Martin by 55.1% in the 3rd quarter. World Investment Advisors LLC now owns 6,468 shares of the aerospace company's stock valued at $3,781,000 after acquiring an additional 2,297 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Lockheed Martin by 4.0% during the third quarter. Principal Financial Group Inc. now owns 270,879 shares of the aerospace company's stock valued at $158,345,000 after purchasing an additional 10,358 shares during the period. Versant Capital Management Inc increased its stake in Lockheed Martin by 50.3% in the fourth quarter. Versant Capital Management Inc now owns 236 shares of the aerospace company's stock valued at $115,000 after purchasing an additional 79 shares in the last quarter. GAMMA Investing LLC raised its holdings in Lockheed Martin by 7.3% in the fourth quarter. GAMMA Investing LLC now owns 4,833 shares of the aerospace company's stock worth $2,349,000 after purchasing an additional 329 shares during the period. Finally, Modus Advisors LLC bought a new position in shares of Lockheed Martin during the fourth quarter worth $70,000. 74.19% of the stock is owned by institutional investors.

Insider Activity at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin 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 transaction, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69 % 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, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,133 shares of company stock valued at $3,155,916. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of recent analyst reports. 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 research report on Wednesday, April 23rd. Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. StockNews.com lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $544.79.

Lockheed Martin Trading Down 1.2 %

Shares of NYSE:LMT opened at $472.14 on Friday. The stock has a market capitalization of $110.62 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The company's 50-day moving average price is $459.44 and its two-hundred day moving average price is $487.99. 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 one year low of $418.88 and a one year high of $618.95.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.