Caisse DE Depot ET Placement DU Quebec Buys 148,138 Shares of Lockheed Martin Co. (NYSE:LMT)

Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 183.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 228,692 shares of the aerospace company's stock after purchasing an additional 148,138 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.10% of Lockheed Martin worth $111,131,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Morse Asset Management Inc boosted its position in Lockheed Martin by 1.0% in the third quarter. Morse Asset Management Inc now owns 3,058 shares of the aerospace company's stock worth $1,788,000 after purchasing an additional 31 shares during the last quarter. Tudor Financial Inc. purchased a new stake in Lockheed Martin during the third quarter valued at approximately $557,000. Anchor Investment Management LLC boosted its stake in shares of Lockheed Martin by 8.4% during the 3rd quarter. Anchor Investment Management LLC now owns 4,125 shares of the aerospace company's stock worth $2,411,000 after acquiring an additional 320 shares during the last quarter. Fulcrum Equity Management increased its stake in shares of Lockheed Martin by 4.7% in the 3rd quarter. Fulcrum Equity Management now owns 900 shares of the aerospace company's stock worth $526,000 after purchasing an additional 40 shares in the last quarter. Finally, Sculati Wealth Management LLC purchased a new position in Lockheed Martin during the third quarter valued at $258,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Down 1.2 %

Shares of NYSE:LMT traded down $5.58 during trading on Friday, hitting $472.14. The company had a trading volume of 2,089,571 shares, compared to its average volume of 1,259,489. The stock has a market cap of $110.62 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth 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 company has a fifty day simple moving average of $459.44 and a two-hundred day simple moving average of $487.13. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95.

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

Insider Buying and Selling

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction that occurred 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 sale, the insider now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the business'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 transaction, the vice president now owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock valued at $3,155,916 in the last ninety days. 0.14% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LMT shares. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Citigroup lowered their price objective on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Eight 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 company's stock. According to MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and a consensus target price of $544.79.

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.