Aptus Capital Advisors LLC Has $31.85 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Aptus Capital Advisors LLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,547 shares of the aerospace company's stock after purchasing an additional 11,686 shares during the period. Aptus Capital Advisors LLC's holdings in Lockheed Martin were worth $31,852,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its position in shares of Lockheed Martin by 53,784.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock valued at $600,412,000 after purchasing an additional 1,233,275 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Lockheed Martin by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after purchasing an additional 1,132,461 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Lockheed Martin by 1,239.6% during the fourth quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company's stock worth $266,410,000 after buying an additional 507,312 shares during the period. Capital Research Global Investors purchased a new stake in Lockheed Martin during the fourth quarter worth about $229,987,000. Finally, Demars Financial Group LLC raised its stake in shares of Lockheed Martin by 47,002.5% in the fourth quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock valued at $210,579,000 after acquiring an additional 432,423 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Trading Up 1.2 %

Lockheed Martin stock traded up $5.82 during midday trading on Wednesday, reaching $474.03. The stock had a trading volume of 494,401 shares, compared to its average volume of 1,257,414. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The firm has a market cap of $111.06 billion, a price-to-earnings ratio of 21.30, a PEG 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. The firm's fifty day simple moving average is $460.48 and its two-hundred day simple moving average is $485.17.

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 for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Equities analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Insider Activity

In related news, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 owns 2,278 shares of the company's stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,133 shares of company stock worth $3,155,916. Company insiders own 0.14% of the company's stock.

Analyst Ratings Changes

LMT has been the topic of a number of research analyst reports. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a report on Wednesday, April 16th. Royal Bank of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Citigroup reduced their price objective on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Wells Fargo & Company cut their target price 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. Finally, JPMorgan Chase & Co. cut their target price on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Nine 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $541.80.

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.