Bolthouse Investments LLC Invests $535,000 in Lockheed Martin Co. (NYSE:LMT)

Bolthouse Investments LLC bought a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,100 shares of the aerospace company's stock, valued at approximately $535,000.

A number of other hedge funds have also bought and sold shares of the company. Boothbay Fund Management LLC bought a new stake in Lockheed Martin in the fourth quarter valued at $398,000. Susquehanna Fundamental Investments LLC bought a new stake in Lockheed Martin in the fourth quarter valued at $21,936,000. Coldstream Capital Management Inc. increased its stake in Lockheed Martin by 2.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 12,452 shares of the aerospace company's stock valued at $6,051,000 after purchasing an additional 354 shares in the last quarter. Nebula Research & Development LLC bought a new stake in Lockheed Martin in the fourth quarter valued at $349,000. Finally, Lord Abbett & CO. LLC increased its stake in Lockheed Martin by 14.6% in the fourth quarter. Lord Abbett & CO. LLC now owns 63,246 shares of the aerospace company's stock valued at $30,734,000 after purchasing an additional 8,059 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Down 0.2 %

Shares of NYSE:LMT traded down $1.01 on Wednesday, reaching $474.87. 330,878 shares of the company traded hands, compared to its average volume of 1,652,247. The business's 50-day simple moving average is $457.45 and its 200 day simple moving average is $489.91. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95. The stock has a market capitalization of $111.26 billion, a P/E ratio of 21.33, a price-to-earnings-growth 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.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.34 by $0.94. The company had revenue of $17.96 billion for 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%. As a group, equities analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a research note on Wednesday, April 23rd. Melius Research cut shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. StockNews.com upgraded shares of Lockheed Martin from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price objective 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. Finally, Susquehanna reduced their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a report on Wednesday, January 29th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $544.79.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the transaction, the vice president now owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock worth $3,155,916 over the last quarter. 0.14% of the stock is owned by corporate insiders.

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.