Cognios Beta Neutral Large Cap Fund LP Cuts Position in Lockheed Martin Co. (NYSE:LMT)

Cognios Beta Neutral Large Cap Fund LP lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 10.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,372 shares of the aerospace company’s stock after selling 162 shares during the quarter. Lockheed Martin comprises about 0.8% of Cognios Beta Neutral Large Cap Fund LP’s holdings, making the stock its 29th biggest position. Cognios Beta Neutral Large Cap Fund LP’s holdings in Lockheed Martin were worth $622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LMT. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Activest Wealth Management increased its stake in shares of Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares in the last quarter. Milestone Investment Advisors LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at about $33,000. Providence Capital Advisors LLC purchased a new stake in Lockheed Martin during the 3rd quarter worth approximately $35,000. Finally, Iron Horse Wealth Management LLC increased its stake in Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Activity at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction on 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 in the company, valued at $5,434,718.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction on 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. Over the last three months, insiders have sold 16,874 shares of company stock worth $7,249,946. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LMT shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. The Goldman Sachs Group cut their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday. UBS Group boosted their price objective on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Susquehanna cut their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $479.90.

Lockheed Martin Trading Down 0.2 %

LMT traded down $0.95 during trading hours on Wednesday, reaching $459.13. The company’s stock had a trading volume of 1,018,454 shares, compared to its average volume of 1,174,945. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $480.92. The stock has a market cap of $110.42 billion, a PE ratio of 16.72, a P/E/G ratio of 4.21 and a beta of 0.48. The business’s 50-day moving average is $441.34 and its 200-day moving average is $444.04. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. During the same period in the prior year, the firm posted $6.43 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, equities research analysts predict that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal 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.