485 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by Bailard Inc.

Bailard Inc. acquired a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 485 shares of the aerospace company’s stock, valued at approximately $220,000.

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

Insider Buying and Selling at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 on 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 completion of the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Morgan Stanley decreased their price objective 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. Deutsche Bank Aktiengesellschaft increased 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, April 25th. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Finally, Royal Bank of Canada cut 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 research report on Wednesday, January 24th. One investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Price Performance

NYSE LMT opened at $467.56 on Tuesday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The business has a 50 day simple moving average of $444.61 and a 200 day simple moving average of $444.82. The stock has a market cap of $112.19 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 4.22 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 company had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.43 earnings per share. Analysts anticipate that Lockheed Martin Co. will post 26.16 earnings per share for the current fiscal year.

About Lockheed Martin

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.