FWL Investment Management LLC Grows Holdings in Lockheed Martin Co. (NYSE:LMT)

FWL Investment Management LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,104 shares of the aerospace company's stock after acquiring an additional 970 shares during the quarter. Lockheed Martin accounts for about 3.2% of FWL Investment Management LLC's holdings, making the stock its 10th largest position. FWL Investment Management LLC's holdings in Lockheed Martin were worth $8,797,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LMT. Millstone Evans Group LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter worth approximately $32,000. Mizuho Securities Co. Ltd. acquired a new position in Lockheed Martin in the 4th quarter valued at approximately $34,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter worth approximately $35,000. Redwood Park Advisors LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Lockheed Martin during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LMT shares. Royal Bank of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Susquehanna dropped their price objective on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a research report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $541.80.

Insider Transactions at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,133 shares of company stock valued at $3,155,916. Corporate insiders own 0.14% of the company's stock.

Lockheed Martin Price Performance

Shares of LMT traded down $0.87 during mid-day trading on Friday, reaching $473.66. The company had a trading volume of 978,811 shares, compared to its average volume of 1,265,846. The company's 50-day moving average is $461.84 and its 200-day moving average is $483.39. 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 company has a market capitalization of $110.98 billion, a P/E ratio of 21.28, a P/E/G 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.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. The company had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, equities 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.