PFG Advisors lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT – Get Rating) by 9.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,520 shares of the aerospace company's stock after selling 151 shares during the quarter. PFG Advisors' holdings in Lockheed Martin were worth $653,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Western Pacific Wealth Management LP acquired a new position in Lockheed Martin during the 4th quarter valued at approximately $25,000. Capital Advisory Group Advisory Services LLC acquired a new position in Lockheed Martin during the 1st quarter valued at approximately $38,000. Simon Quick Advisors LLC boosted its position in Lockheed Martin by 1,940.0% during the 1st quarter. Simon Quick Advisors LLC now owns 102 shares of the aerospace company's stock valued at $45,000 after purchasing an additional 97 shares during the period. Baltimore Washington Financial Advisors Inc. acquired a new position in Lockheed Martin during the 4th quarter valued at approximately $249,000. Finally, Nauset Wealth Management. LLC acquired a new position in Lockheed Martin during the 1st quarter valued at approximately $48,000. Institutional investors and hedge funds own 75.50% of the company's stock.
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Insider Transactions at Lockheed Martin
In related news, Director John Donovan bought 632 shares of the business's stock in a transaction dated Wednesday, July 20th. The shares were bought at an average cost of $396.16 per share, with a total value of $250,373.12. Following the completion of the transaction, the director now directly owns 1,200 shares of the company's stock, valued at $475,392. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Gregory M. Ulmer sold 6,929 shares of Lockheed Martin stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total transaction of $2,936,995.23. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John Donovan purchased 632 shares of the stock in a transaction dated Wednesday, July 20th. The shares were acquired at an average price of $396.16 per share, for a total transaction of $250,373.12. Following the acquisition, the director now directly owns 1,200 shares of the company's stock, valued at approximately $475,392. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.
Lockheed Martin Stock Up 0.4 %
LMT opened at $422.08 on Friday. Lockheed Martin Co. has a one year low of $324.23 and a one year high of $479.99. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.06 and a current ratio of 1.27. The stock's fifty day moving average is $419.75 and its 200-day moving average is $431.25. The company has a market capitalization of $111.92 billion, a PE ratio of 24.43, a P/E/G ratio of 2.88 and a beta of 0.66.
Lockheed Martin (NYSE:LMT – Get Rating) last posted its quarterly earnings data on Tuesday, July 19th. The aerospace company reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $6.39 by ($5.23). The firm had revenue of $15.45 billion during the quarter, compared to the consensus estimate of $16.02 billion. Lockheed Martin had a return on equity of 69.02% and a net margin of 7.33%. The firm's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $7.13 EPS. On average, equities analysts predict that Lockheed Martin Co. will post 26.8 EPS for the current fiscal year.
Analyst Ratings Changes
LMT has been the topic of several recent analyst reports. Royal Bank of Canada initiated coverage on Lockheed Martin in a research note on Monday, August 29th. They set a "sector perform" rating and a $460.00 target price on the stock. Wells Fargo & Company cut their target price on Lockheed Martin from $496.00 to $406.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 20th. Finally, Morgan Stanley cut their target price on Lockheed Martin from $525.00 to $522.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 20th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of "Moderate Buy" and a consensus target price of $448.92.
Lockheed Martin Company Profile
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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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
Further Reading
- Get a free copy of the StockNews.com research report on Lockheed Martin (LMT)
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