Sage Mountain Advisors LLC Raises Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Sage Mountain Advisors LLC boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 14.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,161 shares of the aerospace company’s stock after buying an additional 144 shares during the period. Sage Mountain Advisors LLC’s holdings in Lockheed Martin were worth $526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenwich Wealth Management LLC purchased a new stake in Lockheed Martin during the fourth quarter worth about $214,000. GUNN & Co INVESTMENT MANAGEMENT INC. increased its stake in Lockheed Martin by 1,454.4% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 80,329 shares of the aerospace company’s stock worth $36,408,000 after purchasing an additional 75,161 shares during the period. Criterion Capital Advisors LLC purchased a new stake in Lockheed Martin during the fourth quarter worth about $41,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Lockheed Martin by 1.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,491 shares of the aerospace company’s stock worth $9,741,000 after purchasing an additional 403 shares during the period. Finally, Gradient Capital Advisors LLC increased its stake in Lockheed Martin by 1.4% during the fourth quarter. Gradient Capital Advisors LLC now owns 1,947 shares of the aerospace company’s stock worth $883,000 after purchasing an additional 26 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

LMT stock opened at $461.54 on Tuesday. The company has a market capitalization of $111.00 billion, a P/E ratio of 16.75, a PEG ratio of 4.23 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $483.53. The business has a 50 day simple moving average of $440.67 and a 200-day simple moving average of $443.62. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating the consensus estimate of $7.26 by $0.64. The business had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $7.79 earnings per share. As a group, equities analysts anticipate that Lockheed Martin Co. will post 26.13 EPS for the current year.

Insider Activity

In related news, COO John Frank A. St sold 6,648 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Maryanne Lavan sold 4,022 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. Royal Bank of Canada cut their target price on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 24th. Susquehanna lowered their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Citigroup lowered their price target on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Finally, Morgan Stanley lowered their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $486.78.

Lockheed Martin Company 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.