Lockheed Martin Co. (NYSE:LMT) Stake Cut by Caxton Associates LP

Caxton Associates LP cut its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 33.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,050 shares of the aerospace company's stock after selling 1,529 shares during the period. Caxton Associates LP's holdings in Lockheed Martin were worth $1,482,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. Kentucky Retirement Systems Insurance Trust Fund grew its stake in Lockheed Martin by 51.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock worth $4,630,000 after buying an additional 3,247 shares in the last quarter. Capital Investment Advisors LLC increased its stake in shares of Lockheed Martin by 2.2% in the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock valued at $44,770,000 after buying an additional 2,011 shares during the period. Brady Martz Wealth Solutions LLC acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $1,266,000. Aquatic Capital Management LLC acquired a new position in Lockheed Martin in the fourth quarter valued at $33,294,000. Finally, Private Advisor Group LLC lifted its stake in shares of Lockheed Martin by 11.0% in the 4th quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company's stock valued at $24,906,000 after purchasing an additional 5,075 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin 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 $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Harry Edward Paul III sold 707 shares of the business's 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 sale, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. 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. Corporate insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. 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. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a report on Wednesday, April 23rd. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. StockNews.com lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Finally, UBS Group upped their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin has a consensus rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Price Performance

NYSE LMT traded up $3.14 during mid-day trading on Thursday, hitting $474.46. The stock had a trading volume of 1,092,468 shares, compared to its average volume of 1,264,309. The stock has a market capitalization of $111.16 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The firm's 50 day moving average is $460.89 and its 200 day moving average is $485.07. 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 issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.94. The firm 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 research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

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.