Kestra Private Wealth Services LLC Increases Holdings in Lockheed Martin Co. (NYSE:LMT)

Kestra Private Wealth Services LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 36,765 shares of the aerospace company’s stock after acquiring an additional 438 shares during the period. Kestra Private Wealth Services LLC’s holdings in Lockheed Martin were worth $16,663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of Lockheed Martin by 10,526.6% in the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock worth $617,416,000 after purchasing an additional 1,349,409 shares in the last quarter. Vanguard Group Inc. grew its holdings in Lockheed Martin by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after buying an additional 279,162 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Lockheed Martin by 28.5% in the third quarter. Envestnet Asset Management Inc. now owns 707,696 shares of the aerospace company’s stock worth $289,419,000 after buying an additional 156,842 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Lockheed Martin by 4.0% during the third 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. Finally, AQR Capital Management LLC grew its stake in Lockheed Martin by 32.4% during the third quarter. AQR Capital Management LLC now owns 449,167 shares of the aerospace company’s stock valued at $183,691,000 after acquiring an additional 110,021 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LMT shares. Citigroup raised their price objective on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Susquehanna decreased their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. UBS Group raised their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price target for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Finally, The Goldman Sachs Group dropped their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $485.40.

Insider Activity

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were 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. Over the last three months, insiders have sold 16,874 shares of company stock valued at $7,249,946. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Up 1.4 %

Shares of NYSE:LMT traded up $6.27 on Monday, reaching $467.56. The company had a trading volume of 951,408 shares, compared to its average volume of 1,165,355. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The firm’s 50 day simple moving average is $444.61 and its 200-day simple moving average is $444.82. The firm has a market capitalization of $112.19 billion, a PE ratio of 17.11, a PEG ratio of 4.22 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS 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 analyst estimates of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. Lockheed Martin’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm posted $6.43 EPS. As a group, analysts expect that Lockheed Martin Co. will post 26.16 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.