Lockheed Martin Co. (NYSE:LMT) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,260,910 shares of the aerospace company's stock after purchasing an additional 134,662 shares during the quarter. Northern Trust Corp owned 0.96% of Lockheed Martin worth $1,098,667,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of Lockheed Martin by 51.7% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock valued at $4,630,000 after purchasing an additional 3,247 shares during the period. Capital Investment Advisors LLC boosted its holdings in Lockheed Martin by 2.2% during the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock worth $44,770,000 after buying an additional 2,011 shares in the last quarter. Brady Martz Wealth Solutions LLC acquired a new stake in Lockheed Martin during the fourth quarter valued at $1,266,000. World Investment Advisors LLC increased its holdings in Lockheed Martin by 55.1% in the third quarter. World Investment Advisors LLC now owns 6,468 shares of the aerospace company's stock valued at $3,781,000 after buying an additional 2,297 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $33,294,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was 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 of the company's stock, valued at $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the sale, the vice president now owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

LMT has been the topic of a number of analyst reports. Citigroup dropped their target price on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price on the stock in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company lowered their price objective 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. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of "Moderate Buy" and an average target price of $544.79.

Lockheed Martin Stock Performance

LMT traded up $1.72 on Wednesday, hitting $477.60. 1,094,845 shares of the company traded hands, compared to its average volume of 1,253,811. 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 200-day moving average of $489.83. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $111.90 billion, a PE ratio of 21.46, a PEG ratio of 2.07 and a beta of 0.39.

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, topping the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Company Profile

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.