Van Cleef Asset Management Inc Buys 200 Shares of Lockheed Martin Co. (NYSE:LMT)

Van Cleef Asset Management Inc increased its stake in Lockheed Martin Co. (NYSE:LMT) by 20.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,200 shares of the aerospace company’s stock after acquiring an additional 200 shares during the period. Van Cleef Asset Management Inc’s holdings in Lockheed Martin were worth $544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Herold Advisors Inc. lifted its position in shares of Lockheed Martin by 8.6% during the third quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock worth $1,410,000 after purchasing an additional 274 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Lockheed Martin by 3.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock valued at $8,624,000 after acquiring an additional 770 shares in the last quarter. Alethea Capital Management LLC bought a new stake in shares of Lockheed Martin in the third quarter valued at about $415,000. New Mexico Educational Retirement Board raised its holdings in shares of Lockheed Martin by 6.4% in the third quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock valued at $4,784,000 after acquiring an additional 700 shares in the last quarter. Finally, Gilbert & Cook Inc. raised its holdings in shares of Lockheed Martin by 22.8% in the third quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company’s stock valued at $521,000 after acquiring an additional 237 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 1.3 %

Shares of LMT stock traded up $6.05 during trading hours on Thursday, reaching $465.19. 927,138 shares of the company’s stock were exchanged, compared to its average volume of 1,171,864. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50. The stock has a market cap of $111.87 billion, a PE ratio of 16.92, a PEG ratio of 4.21 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 2.89. The stock’s fifty day moving average price is $442.16 and its two-hundred day moving average price is $444.14.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The firm had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.43 earnings per share. Research analysts predict that Lockheed Martin Co. will post 26.04 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on LMT shares. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $475.00 to $518.00 in a report on Monday, April 15th. The Goldman Sachs Group decreased their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday. Wells Fargo & Company lifted their target price on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Citigroup lifted their target price on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $485.40.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 over the last quarter. Insiders own 0.17% of the company’s stock.

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.