Lockheed Martin Co. (NYSE:LMT) Shares Bought by Matrix Trust Co

Matrix Trust Co boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 54.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,681 shares of the aerospace company’s stock after purchasing an additional 1,300 shares during the period. Matrix Trust Co’s holdings in Lockheed Martin were worth $1,668,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Unique Wealth Strategies LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $596,000. Russell Investments Group Ltd. raised its position in shares of Lockheed Martin by 72.4% in the fourth quarter. Russell Investments Group Ltd. now owns 49,054 shares of the aerospace company’s stock valued at $22,230,000 after buying an additional 20,594 shares during the last quarter. Valmark Advisers Inc. raised its position in shares of Lockheed Martin by 2.1% in the fourth quarter. Valmark Advisers Inc. now owns 3,477 shares of the aerospace company’s stock valued at $1,576,000 after buying an additional 70 shares during the last quarter. Cercano Management LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $29,454,000. Finally, Citizens Financial Group Inc. RI raised its position in shares of Lockheed Martin by 3.2% in the fourth quarter. Citizens Financial Group Inc. RI now owns 10,619 shares of the aerospace company’s stock valued at $4,813,000 after buying an additional 328 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 0.8 %

LMT stock traded down $3.49 during mid-day trading on Friday, hitting $461.29. 857,964 shares of the company were exchanged, compared to its average volume of 1,102,151. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $110.68 billion, a P/E ratio of 16.88, a PEG ratio of 4.25 and a beta of 0.48. The business has a fifty day simple moving average of $443.74 and a 200-day simple moving average of $444.46. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $479.50.

Lockheed Martin (NYSE:LMT) last posted 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. 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 during the quarter, compared to analyst estimates of $16.04 billion. During the same quarter last year, the firm posted $6.43 earnings per share. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities research analysts predict that Lockheed Martin Co. will post 26.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday. The Goldman Sachs Group cut 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 report on Tuesday. Citigroup raised their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group raised their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Wells Fargo & Company raised their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $485.40.

Insider Activity

In other news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Maryanne Lavan sold 4,022 shares of the firm’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 SEC, which is available through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the business’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. Over the last quarter, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by company insiders.

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.