Cypress Advisory Group LLC Takes Position in Lockheed Martin Co. (NYSE:LMT)

Cypress Advisory Group LLC purchased a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,747 shares of the aerospace company's stock, valued at approximately $3,279,000. Lockheed Martin makes up 3.0% of Cypress Advisory Group LLC's investment portfolio, making the stock its 7th largest holding.

A number of other large investors also recently bought and sold shares of LMT. CFS Investment Advisory Services LLC lifted its holdings in Lockheed Martin by 2.0% during the fourth quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company's stock valued at $530,000 after purchasing an additional 21 shares in the last quarter. Wynn Capital LLC raised its position in shares of Lockheed Martin by 1.0% during the 4th quarter. Wynn Capital LLC now owns 2,185 shares of the aerospace company's stock worth $1,062,000 after purchasing an additional 22 shares during the last quarter. PBMares Wealth Management LLC lifted its stake in Lockheed Martin by 0.6% in the 4th quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company's stock valued at $1,820,000 after buying an additional 22 shares in the last quarter. Nvwm LLC boosted its holdings in Lockheed Martin by 2.5% in the 4th quarter. Nvwm LLC now owns 908 shares of the aerospace company's stock worth $441,000 after buying an additional 22 shares during the last quarter. Finally, Schear Investment Advisers LLC increased its stake in Lockheed Martin by 2.0% during the 4th quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company's stock worth $557,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Insider Activity at Lockheed Martin

In related 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 transaction of $312,925.27. Following the sale, the vice president now directly owns 2,278 shares in the company, valued at approximately $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 accessible through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,133 shares of company stock worth $3,155,916. Company insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LMT shares. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Wells Fargo & Company reduced their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Susquehanna lowered their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research report on Wednesday, January 29th. Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, 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 note on Monday, January 6th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and an average price target of $544.79.

Lockheed Martin Stock Performance

NYSE LMT opened at $477.60 on Thursday. The company has a market cap of $111.90 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.07 and a beta of 0.39. 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. The stock has a 50-day moving average of $458.18 and a two-hundred day moving average of $489.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The company 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%. As a group, analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current 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.

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