Aquatic Capital Management LLC Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Aquatic Capital Management LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 68,514 shares of the aerospace company's stock, valued at approximately $33,294,000. Lockheed Martin comprises approximately 0.9% of Aquatic Capital Management LLC's portfolio, making the stock its 11th largest position.

A number of other large investors have also bought and sold shares of LMT. Kentucky Retirement Systems Insurance Trust Fund boosted its position in Lockheed Martin by 51.7% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock valued at $4,630,000 after buying an additional 3,247 shares during the last quarter. Capital Investment Advisors LLC boosted its position in Lockheed Martin by 2.2% in the 4th quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock valued at $44,770,000 after buying an additional 2,011 shares during the last quarter. Brady Martz Wealth Solutions LLC bought a new position in Lockheed Martin in the 4th quarter valued at $1,266,000. World Investment Advisors LLC boosted its position in 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 buying an additional 2,297 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in Lockheed Martin by 11.0% in the 4th quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company's stock valued at $24,906,000 after buying an additional 5,075 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 0.2 %

Shares of Lockheed Martin stock traded down $1.01 on Wednesday, reaching $474.87. 330,878 shares of the company were exchanged, compared to its average volume of 1,652,247. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The company has a market capitalization of $111.26 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 2.07 and a beta of 0.39. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The company has a 50-day moving average of $457.45 and a 200 day moving average of $489.91.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $17.83 billion. On average, equities research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LMT shares. Barclays decreased their price objective on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Susquehanna reduced their price target on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research report on Wednesday, January 29th. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com upgraded Lockheed Martin from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin has an average rating of "Moderate Buy" and an average target price of $544.79.

Insider Activity at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the 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 sale, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,133 shares of company stock worth $3,155,916. Company insiders own 0.14% of the company's stock.

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.