PFG Investments LLC Boosts Stake in Lockheed Martin Co. (NYSE:LMT)

PFG Investments LLC raised its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 225.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,115 shares of the aerospace company's stock after buying an additional 4,926 shares during the period. PFG Investments LLC's holdings in Lockheed Martin were worth $3,237,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 27 shares during the period. Altshuler Shaham Ltd bought a new position in shares of Lockheed Martin during the 4th quarter valued at approximately $26,000. Activest Wealth Management grew its position in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 60 shares during the period. Milestone Investment Advisors LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $33,000. Finally, Providence Capital Advisors LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. StockNews.com raised shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research report on Thursday. Susquehanna cut their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a "positive" rating for the company in a report on Wednesday, January 24th. Wells Fargo & Company raised their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an "equal weight" rating in a report on Thursday. UBS Group raised their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Citigroup raised their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a "buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $485.40.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 6,648 shares of the firm's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Gregory M. Ulmer sold 6,204 shares of the firm's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John Frank A. St sold 6,648 shares of the firm's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock valued at $7,249,946 in the last three months. Company insiders own 0.17% of the company's stock.

Lockheed Martin Price Performance

NYSE:LMT traded down $3.49 during trading hours on Friday, hitting $461.29. The stock had a trading volume of 857,964 shares, compared to its average volume of 1,102,151. The company has a 50 day simple moving average of $443.74 and a two-hundred day simple moving average of $444.53. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.03. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The firm has a market capitalization of $110.68 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 4.25 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same period last year, the firm earned $6.43 EPS. The business's quarterly revenue was up 13.7% compared to the same quarter last year. Research analysts forecast that Lockheed Martin Co. will post 26.05 earnings per share for the current fiscal year.

Lockheed Martin 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.

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