Stevens Capital Management LP Has $1.43 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Stevens Capital Management LP reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 87.6% in the 4th quarter, Holdings Channel reports. The firm owned 3,151 shares of the aerospace company’s stock after selling 22,178 shares during the quarter. Stevens Capital Management LP’s holdings in Lockheed Martin were worth $1,428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LMT. Abbrea Capital LLC raised its stake in Lockheed Martin by 2.5% during the 4th quarter. Abbrea Capital LLC now owns 1,432 shares of the aerospace company’s stock worth $649,000 after buying an additional 35 shares during the period. Syon Capital LLC grew its position in shares of Lockheed Martin by 33.3% during the 4th quarter. Syon Capital LLC now owns 2,394 shares of the aerospace company’s stock valued at $1,085,000 after acquiring an additional 598 shares during the period. Meritage Portfolio Management purchased a new stake in Lockheed Martin in the fourth quarter worth $296,000. Bank of New Hampshire boosted its position in Lockheed Martin by 5.2% during the fourth quarter. Bank of New Hampshire now owns 943 shares of the aerospace company’s stock worth $427,000 after purchasing an additional 47 shares during the period. Finally, Bailard Inc. purchased a new position in shares of Lockheed Martin in the fourth quarter worth about $220,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insiders Place Their Bets

In related news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the business’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 disclosure for this sale can be found here. In the last ninety days, insiders sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Trading Down 0.8 %

Shares of NYSE:LMT traded down $3.49 on Friday, reaching $461.29. 857,537 shares of the company traded hands, compared to its average volume of 1,167,992. The company has a current ratio of 1.30, a quick ratio of 1.03 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 business’s 50-day simple moving average is $443.00 and its 200 day simple moving average is $444.29. The stock has a market capitalization of $110.68 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 4.20 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data 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 business had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter last year, the business posted $6.43 EPS. The business’s revenue was up 13.7% on a year-over-year basis. As a group, equities analysts anticipate that Lockheed Martin Co. will post 26.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on LMT shares. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Citigroup raised their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday. Susquehanna reduced their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and a consensus target price of $485.40.

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.