Cercano Management LLC Buys Shares of 64,985 Lockheed Martin Co. (NYSE:LMT)

Cercano Management LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 64,985 shares of the aerospace company's stock, valued at approximately $29,454,000. Lockheed Martin makes up approximately 1.0% of Cercano Management LLC's holdings, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in LMT. Triumph Capital Management raised its position in Lockheed Martin by 3.1% in the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company's stock valued at $296,000 after purchasing an additional 22 shares during the period. Abbrea Capital LLC raised its position in Lockheed Martin by 1.7% in the third quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company's stock valued at $571,000 after purchasing an additional 23 shares during the period. Pinnacle Wealth Planning Services Inc. raised its position in Lockheed Martin by 1.6% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company's stock valued at $584,000 after purchasing an additional 23 shares during the period. Duncker Streett & Co. Inc. raised its position in Lockheed Martin by 1.2% in the third quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company's stock valued at $823,000 after purchasing an additional 24 shares during the period. Finally, Compagnie Lombard Odier SCmA raised its position in Lockheed Martin by 0.7% in the third quarter. Compagnie Lombard Odier SCmA now owns 3,375 shares of the aerospace company's stock valued at $1,380,000 after purchasing an additional 25 shares during the period. Institutional investors own 74.19% of the company's stock.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research analyst reports. UBS Group lifted their target price on Lockheed Martin from $482.00 to $499.00 and gave the company a "neutral" rating in a research report on Wednesday. Susquehanna cut their price objective on Lockheed Martin from $550.00 to $540.00 and set a "positive" rating on the stock in a report on Wednesday, January 24th. Citigroup boosted their price objective on Lockheed Martin from $508.00 to $525.00 and gave the company a "buy" rating in a report on Wednesday. Morgan Stanley cut their price objective on Lockheed Martin from $513.00 to $503.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 24th. Finally, Royal Bank of Canada cut their price objective on Lockheed Martin from $475.00 to $470.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $485.40.

Lockheed Martin Stock Down 0.8 %

NYSE LMT traded down $3.49 during trading hours on Friday, hitting $461.29. 857,964 shares of the company were exchanged, compared to its average volume of 1,102,151. The company has a 50 day moving average of $443.74 and a two-hundred day moving average of $444.58. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The firm has a market cap of $110.68 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 4.22 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter in the prior year, the business earned $6.43 EPS. Lockheed Martin's revenue was up 13.7% on a year-over-year basis. Equities research analysts anticipate that Lockheed Martin Co. will post 26.16 earnings per share for the current year.

Insider Transactions at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Gregory M. Ulmer sold 6,204 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the transaction, the insider now directly owns 12,604 shares of the company's stock, valued at approximately $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by corporate insiders.

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.