Capital Advantage Inc. Invests $322,000 in Lockheed Martin Co. (NYSE:LMT)

Capital Advantage Inc. purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 662 shares of the aerospace company's stock, valued at approximately $322,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of LMT. Principal Financial Group Inc. grew its holdings in shares of Lockheed Martin by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 270,879 shares of the aerospace company's stock worth $158,345,000 after acquiring an additional 10,358 shares during the last quarter. Silverleafe Capital Partners LLC boosted its holdings in shares of Lockheed Martin by 3.0% in the fourth quarter. Silverleafe Capital Partners LLC now owns 6,396 shares of the aerospace company's stock worth $3,108,000 after buying an additional 189 shares during the period. Fortem Financial Group LLC boosted its holdings in shares of Lockheed Martin by 2.3% in the fourth quarter. Fortem Financial Group LLC now owns 1,875 shares of the aerospace company's stock worth $911,000 after buying an additional 43 shares during the period. Diversified Trust Co increased its position in shares of Lockheed Martin by 6.0% in the fourth 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. Finally, Bath Savings Trust Co raised its holdings in shares of Lockheed Martin by 7.5% during the fourth quarter. Bath Savings Trust Co now owns 10,820 shares of the aerospace company's stock valued at $5,258,000 after acquiring an additional 758 shares during the period. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 0.7 %

LMT traded up $3.14 during trading on Thursday, reaching $474.46. 1,092,468 shares of the stock traded hands, compared to its average volume of 1,264,309. 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 stock's 50-day moving average is $460.89 and its 200 day moving average is $485.07. Lockheed Martin Co. has a 12 month low of $418.88 and a 12 month high of $618.95. The stock has a market capitalization of $111.16 billion, a PE ratio of 21.31, a P/E/G ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued 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 business had revenue of $17.96 billion for 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%. Equities analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Insider Buying and Selling at Lockheed Martin

In other news, 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 transaction of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin 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 transaction, the insider now 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 quarter, insiders sold 7,133 shares of company stock worth $3,155,916. Insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on LMT shares. JPMorgan Chase & Co. lowered their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. 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 research report on Wednesday, April 16th. 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 report on Wednesday, April 23rd. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Jefferies Financial Group decreased their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $541.80.

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.