Nebula Research & Development LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 719 shares of the aerospace company's stock, valued at approximately $349,000.
Other hedge funds have also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in Lockheed Martin during the fourth quarter worth approximately $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin during the 4th quarter worth $34,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth $35,000. Redwood Park Advisors LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Lockheed Martin during the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 74.19% of the company's stock.
Lockheed Martin Stock Up 0.2 %
NYSE LMT traded up $0.87 during trading hours on Thursday, reaching $478.62. 985,935 shares of the company traded hands, compared to its average volume of 1,253,777. The stock has a market capitalization of $112.14 billion, a PE ratio of 21.50, a PEG ratio of 2.07 and a beta of 0.39. 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 Co. has a 12 month low of $418.88 and a 12 month high of $618.95. The company 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 issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. The business had revenue of $17.96 billion for the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, equities analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on LMT. Citigroup decreased their target price on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a research report on Wednesday, April 23rd. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. 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 data from MarketBeat.com, Lockheed Martin currently has an average rating of "Moderate Buy" and a consensus target price of $544.79.
Get Our Latest Analysis on Lockheed Martin
Insider Transactions at Lockheed Martin
In other news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares of the company's stock, valued at $884,840. This represents a 61.63 % decrease in their position. 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. 0.14% of the stock is currently owned by corporate insiders.
Lockheed Martin Profile
(
Free Report)
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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