Opinicus Capital Inc. Buys New Position in Lockheed Martin Co. (NYSE:LMT)

Opinicus Capital Inc. purchased a new stake in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 874 shares of the aerospace company’s stock, valued at approximately $396,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Matrix Trust Co grew its stake in Lockheed Martin by 54.6% in the fourth quarter. Matrix Trust Co now owns 3,681 shares of the aerospace company’s stock valued at $1,668,000 after purchasing an additional 1,300 shares in the last quarter. Unique Wealth Strategies LLC bought a new position in Lockheed Martin in the fourth quarter valued at approximately $596,000. Russell Investments Group Ltd. grew its stake in Lockheed Martin by 72.4% in the fourth quarter. Russell Investments Group Ltd. now owns 49,054 shares of the aerospace company’s stock valued at $22,230,000 after purchasing an additional 20,594 shares in the last quarter. Valmark Advisers Inc. grew its stake in Lockheed Martin by 2.1% in the fourth quarter. Valmark Advisers Inc. now owns 3,477 shares of the aerospace company’s stock valued at $1,576,000 after purchasing an additional 70 shares in the last quarter. Finally, Cercano Management LLC bought a new position in Lockheed Martin in the fourth quarter valued at approximately $29,454,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

LMT traded down $3.49 during trading 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 firm has a market cap 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. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.03. The company has a 50 day moving average price of $443.74 and a 200-day moving average price of $444.46. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.53. The firm had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.43 EPS. As a group, research analysts predict that Lockheed Martin Co. will post 26.05 EPS for the current year.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Gregory M. Ulmer sold 6,204 shares of the business’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 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 Securities & Exchange Commission, which is available through this link. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock valued at $7,249,946 in the last three months. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday. The Goldman Sachs Group reduced their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday. Morgan Stanley reduced their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company lifted their target price on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday. 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 given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $485.40.

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.