Cambridge Investment Research Advisors Inc. Has $34.54 Million Position in Lockheed Martin Co. (NYSE:LMT)

Cambridge Investment Research Advisors Inc. trimmed its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,073 shares of the aerospace company's stock after selling 4,684 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Lockheed Martin were worth $34,537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in shares of Lockheed Martin by 4.0% in the third quarter. Principal Financial Group Inc. now owns 270,879 shares of the aerospace company's stock valued at $158,345,000 after purchasing an additional 10,358 shares in the last quarter. Diversified Trust Co grew its stake in shares of Lockheed Martin by 6.0% in the 4th quarter. Diversified Trust Co now owns 9,009 shares of the aerospace company's stock worth $4,378,000 after acquiring an additional 506 shares in the last quarter. Bath Savings Trust Co raised its holdings in shares of Lockheed Martin by 7.5% in the fourth quarter. Bath Savings Trust Co now owns 10,820 shares of the aerospace company's stock valued at $5,258,000 after purchasing an additional 758 shares during the last quarter. Range Financial Group LLC lifted its position in shares of Lockheed Martin by 158.2% during the fourth quarter. Range Financial Group LLC now owns 2,505 shares of the aerospace company's stock valued at $1,217,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Innova Wealth Partners purchased a new position in Lockheed Martin during the fourth quarter worth about $269,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Truist Financial started coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price objective for the company. Wells Fargo & Company cut their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. StockNews.com downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Stock Performance

NYSE LMT opened at $468.20 on Wednesday. The company's 50 day simple moving average is $460.48 and its two-hundred day simple moving average is $485.17. The stock has a market capitalization 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 debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. 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 posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping 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. Analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal 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.

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.