Castlekeep Investment Advisors LLC Buys New Holdings in Lockheed Martin Co. (NYSE:LMT)

Castlekeep Investment Advisors LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,083,646 shares of the aerospace company's stock, valued at approximately $526,587,000. Lockheed Martin comprises 3.5% of Castlekeep Investment Advisors LLC's holdings, making the stock its 6th largest position. Castlekeep Investment Advisors LLC owned approximately 0.46% of Lockheed Martin as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Lockheed Martin by 4.0% during the third 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 period. Versant Capital Management Inc lifted its stake in Lockheed Martin by 50.3% during the fourth quarter. Versant Capital Management Inc now owns 236 shares of the aerospace company's stock worth $115,000 after purchasing an additional 79 shares during the last quarter. Central Pacific Bank Trust Division grew its stake in shares of Lockheed Martin by 15.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 567 shares of the aerospace company's stock worth $276,000 after buying an additional 77 shares during the last quarter. Silverleafe Capital Partners LLC raised its holdings in Lockheed Martin by 3.0% in the 4th quarter. Silverleafe Capital Partners LLC now owns 6,396 shares of the aerospace company's stock valued at $3,108,000 after buying an additional 189 shares during the last quarter. Finally, Fortem Financial Group LLC increased its stake 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 valued at $911,000 after buying an additional 43 shares during the period. Institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

LMT has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target 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. Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Barclays dropped their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group dropped their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Insider Activity

In other news, VP Harry Edward Paul III sold 707 shares of the company'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 transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were 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 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 three months, insiders have sold 7,133 shares of company stock worth $3,155,916. Corporate insiders own 0.14% of the company's stock.

Lockheed Martin Stock Performance

Shares of LMT stock traded down $3.36 on Tuesday, hitting $468.20. 1,133,637 shares of the stock traded hands, compared to its average volume of 1,260,407. The company has a market capitalization of $109.70 billion, a PE ratio of 21.03, a PEG ratio of 2.07 and a beta of 0.29. The company's fifty day moving average is $460.48 and its 200 day moving average is $485.17. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. 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 (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, equities research analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin 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.