Bearing Point Capital LLC Invests $1.39 Million in Lockheed Martin Co. (NYSE:LMT)

Bearing Point Capital LLC purchased a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,862 shares of the aerospace company's stock, valued at approximately $1,391,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Millstone Evans Group LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin in the 4th quarter worth $34,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at about $35,000. Redwood Park Advisors LLC acquired a new position in shares of Lockheed Martin during the fourth quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Lockheed Martin during the fourth quarter worth about $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business'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 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,133 shares of company stock valued at $3,155,916. Corporate insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of analyst reports. Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Citigroup dropped their price objective on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Jefferies Financial Group reduced their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. UBS Group upped their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Finally, StockNews.com downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Trading Down 0.7 %

Shares of LMT traded down $3.36 during mid-day trading on Tuesday, hitting $468.20. The company had a trading volume of 1,133,637 shares, compared to its average volume of 1,260,407. The stock has a market cap of $109.70 billion, a PE ratio of 21.03, a P/E/G ratio of 2.07 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The business's 50-day simple moving average is $460.04 and its 200-day simple moving average is $485.29. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95.

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

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.