16,357 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by FORA Capital LLC

FORA Capital LLC acquired a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,357 shares of the aerospace company's stock, valued at approximately $7,949,000. Lockheed Martin comprises 0.9% of FORA Capital LLC's investment portfolio, making the stock its 24th biggest holding.

A number of other large investors also recently added to or reduced their stakes in the business. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings 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 during the last quarter. Capital Investment Advisors LLC boosted its stake in Lockheed Martin by 2.2% during the 4th quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock worth $44,770,000 after acquiring an additional 2,011 shares during the last quarter. Brady Martz Wealth Solutions LLC acquired a new position in Lockheed Martin during the fourth quarter valued at approximately $1,266,000. Aquatic Capital Management LLC bought a new stake in Lockheed Martin in the fourth quarter valued at approximately $33,294,000. Finally, Private Advisor Group LLC raised its holdings in Lockheed Martin by 11.0% in the fourth quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company's stock worth $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.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded down $0.87 during trading on Friday, hitting $473.66. 978,811 shares of the stock were exchanged, compared to its average volume of 1,265,846. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. The stock has a market capitalization of $110.98 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a fifty day moving average price of $461.84 and a 200-day moving average price of $483.39. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The company had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. As a group, equities analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Insider Transactions at Lockheed Martin

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 transaction of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares of the company's stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction 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 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 7,133 shares of company stock worth $3,155,916. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on LMT shares. Jefferies Financial Group dropped their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a research report on Wednesday, April 16th. Royal Bank of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Finally, Bank of America cut shares of Lockheed Martin from a "buy" rating to a "neutral" rating and reduced their price target for the company from $685.00 to $485.00 in a report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.