Yacktman Asset Management LP Sells 1,053 Shares of Lockheed Martin Co. (NYSE:LMT)

Yacktman Asset Management LP decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 332,152 shares of the aerospace company’s stock after selling 1,053 shares during the quarter. Lockheed Martin comprises about 1.4% of Yacktman Asset Management LP’s investment portfolio, making the stock its 27th largest position. Yacktman Asset Management LP’s holdings in Lockheed Martin were worth $150,545,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Herold Advisors Inc. grew its position 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 acquiring an additional 274 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Lockheed Martin by 3.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock worth $8,624,000 after purchasing an additional 770 shares during the period. Alethea Capital Management LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $415,000. New Mexico Educational Retirement Board lifted its position in 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 buying an additional 700 shares during the last quarter. Finally, Gilbert & Cook Inc. boosted its stake in Lockheed Martin by 22.8% during the third quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company’s stock worth $521,000 after buying an additional 237 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.6 %

Shares of Lockheed Martin stock traded down $2.87 during trading on Friday, hitting $461.91. 551,978 shares of the stock traded hands, compared to its average volume of 1,164,037. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The stock’s fifty day simple moving average is $443.00 and its 200 day simple moving average is $444.29. The firm has a market cap of $110.83 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 4.20 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.03 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, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter last year, the firm posted $6.43 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities analysts predict that Lockheed Martin Co. will post 26.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin 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 sale was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Maryanne Lavan sold 4,022 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the transaction, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock worth $7,249,946 over the last 90 days. Company insiders own 0.17% of the company’s stock.

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.