Smart Money Group LLC Raises Stake in Lockheed Martin Co. (NYSE:LMT)

Smart Money Group LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 15.7% in the fourth quarter, HoldingsChannel reports. The fund owned 714 shares of the aerospace company’s stock after acquiring an additional 97 shares during the period. Smart Money Group LLC’s holdings in Lockheed Martin were worth $324,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Herold Advisors Inc. raised its holdings in Lockheed Martin by 8.6% in the third quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock worth $1,410,000 after buying an additional 274 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake 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 worth $8,624,000 after acquiring an additional 770 shares during the period. Alethea Capital Management LLC bought a new stake in shares of Lockheed Martin in the third quarter worth approximately $415,000. New Mexico Educational Retirement Board grew its stake 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 worth $4,784,000 after acquiring an additional 700 shares during the period. Finally, Gilbert & Cook Inc. grew its stake 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 worth $521,000 after acquiring an additional 237 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Lockheed Martin stock traded up $1.47 during mid-day trading on Thursday, reaching $463.20. 999,205 shares of the company’s stock traded hands, compared to its average volume of 1,156,060. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $479.50. The company has a market cap of $111.14 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 4.26 and a beta of 0.46. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The stock has a 50 day moving average of $446.11 and a two-hundred day moving average of $445.10.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping 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%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $6.43 EPS. Equities analysts forecast that Lockheed Martin Co. will post 26.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. The Goldman Sachs Group dropped their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Susquehanna dropped 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. Finally, Royal Bank of Canada dropped their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $485.40.

Insider Buying and Selling at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the company’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 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. Company 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.