Magnus Financial Group LLC Buys 344 Shares of Lockheed Martin Co. (NYSE:LMT)

Magnus Financial Group LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,607 shares of the aerospace company’s stock after purchasing an additional 344 shares during the period. Magnus Financial Group LLC’s holdings in Lockheed Martin were worth $2,088,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Lockheed Martin by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after purchasing an additional 279,162 shares during the period. Charles Schwab Investment Management Inc. raised its position in Lockheed Martin by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company’s stock worth $2,302,388,000 after acquiring an additional 97,916 shares during the period. Wellington Management Group LLP boosted its stake in shares of Lockheed Martin by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock worth $1,291,816,000 after acquiring an additional 121,358 shares during the last quarter. Northern Trust Corp grew its position in shares of Lockheed Martin by 4.0% during the 3rd quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company’s stock valued at $976,751,000 after acquiring an additional 91,109 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Lockheed Martin by 2.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,973,771 shares of the aerospace company’s stock worth $807,193,000 after purchasing an additional 46,890 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

NYSE LMT traded down $3.49 on Friday, reaching $461.29. The company had a trading volume of 857,964 shares, compared to its average volume of 1,102,151. The firm’s 50 day moving average price is $443.74 and its 200 day moving average price is $444.53. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50. The stock has a market capitalization of $110.68 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 4.22 and a beta of 0.48. 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 (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $6.43 earnings per share. As a group, equities analysts predict that Lockheed Martin Co. will post 26.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LMT shares. 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 report on Thursday. Susquehanna reduced their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Royal Bank of Canada lowered their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average target price of $485.40.

Insider Activity

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction that occurred 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 transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the company’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. In the last 90 days, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by insiders.

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.