Banco Bilbao Vizcaya Argentaria S.A. Trims Position in Lockheed Martin Co. (NYSE:LMT)

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 32.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,613 shares of the aerospace company's stock after selling 2,211 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Lockheed Martin were worth $2,241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. RiverPark Advisors LLC boosted its holdings in Lockheed Martin by 8.0% in the fourth quarter. RiverPark Advisors LLC now owns 1,583 shares of the aerospace company's stock worth $769,000 after acquiring an additional 117 shares in the last quarter. Syon Capital LLC raised its position in shares of Lockheed Martin by 3.2% in the fourth quarter. Syon Capital LLC now owns 2,711 shares of the aerospace company's stock worth $1,317,000 after acquiring an additional 83 shares during the period. Oxford Wealth Group LLC raised its stake in shares of Lockheed Martin by 4.7% during the 4th quarter. Oxford Wealth Group LLC now owns 2,099 shares of the aerospace company's stock worth $1,020,000 after buying an additional 95 shares during the period. MGO One Seven LLC grew its position in shares of Lockheed Martin by 15.5% in the fourth quarter. MGO One Seven LLC now owns 8,714 shares of the aerospace company's stock valued at $4,235,000 after purchasing an additional 1,172 shares during the period. Finally, Pinebridge Investments L.P. lifted its position in shares of Lockheed Martin by 56.6% in the fourth quarter. Pinebridge Investments L.P. now owns 129,788 shares of the aerospace company's stock valued at $63,069,000 after acquiring an additional 46,933 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LMT. Barclays decreased their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. Susquehanna dropped their price target on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research report on Wednesday, January 29th. UBS Group lifted their price objective on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Bank of America cut shares of Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their price target for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $544.79.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction 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 transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business'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 sale, the insider now directly owns 2,000 shares of the company's stock, valued at $884,840. The trade was 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 sold 7,133 shares of company stock valued at $3,155,916. Insiders own 0.14% of the company's stock.

Lockheed Martin Stock Down 0.1 %

Shares of Lockheed Martin stock traded down $0.44 during trading hours on Wednesday, reaching $475.45. 262,578 shares of the company were exchanged, compared to its average volume of 1,248,430. The firm has a market cap of $111.39 billion, a PE ratio of 21.36, a PEG ratio of 2.07 and a beta of 0.39. The stock's fifty day moving average is $457.45 and its 200 day moving average is $489.91. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

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, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The business had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. As a group, equities research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current 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.