Lockheed Martin Co. (NYSE:LMT) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lowered its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 24.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,494 shares of the aerospace company's stock after selling 9,418 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Lockheed Martin were worth $13,847,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Topsail Wealth Management LLC bought a new position in Lockheed Martin during the 4th quarter valued at approximately $370,000. Keyvantage Wealth LLC bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $644,000. Stonebridge Capital Advisors LLC increased its stake in shares of Lockheed Martin by 5.4% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 647 shares of the aerospace company's stock worth $314,000 after acquiring an additional 33 shares in the last quarter. Voya Investment Management LLC raised its stake in Lockheed Martin by 7.8% during the fourth quarter. Voya Investment Management LLC now owns 90,717 shares of the aerospace company's stock valued at $44,083,000 after buying an additional 6,601 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Lockheed Martin by 16.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 13,389 shares of the aerospace company's stock valued at $6,506,000 after acquiring an additional 1,928 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Insider Buying and Selling at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction on 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 directly owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction 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 owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LMT has been the topic of several analyst reports. Susquehanna dropped their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Wells Fargo & Company lowered their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a report on Wednesday, April 16th. Finally, Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Eight research 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's stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and a consensus target price of $544.79.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded down $0.44 during mid-day trading on Wednesday, hitting $475.45. The stock had a trading volume of 262,578 shares, compared to its average volume of 1,248,430. The company has a 50 day moving average of $457.45 and a two-hundred day moving average of $489.91. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The firm has a market cap of $111.39 billion, a PE ratio of 21.36, a PEG ratio of 2.07 and a beta of 0.39.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping 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 firm had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Research analysts predict that Lockheed Martin Co. will post 27.15 EPS 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.