Capital Investment Counsel Inc Purchases 70 Shares of Lockheed Martin Co. (NYSE:LMT)

Capital Investment Counsel Inc raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.6% during the 4th quarter, Holdings Channel reports. The fund owned 12,055 shares of the aerospace company’s stock after purchasing an additional 70 shares during the period. Lockheed Martin makes up approximately 1.0% of Capital Investment Counsel Inc’s investment portfolio, making the stock its 19th biggest position. Capital Investment Counsel Inc’s holdings in Lockheed Martin were worth $5,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LMT. Herold Advisors Inc. raised its holdings in Lockheed Martin by 8.6% during the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock valued at $1,410,000 after buying an additional 274 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Lockheed Martin by 3.8% during 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 purchased a new position in shares of Lockheed Martin during the 3rd quarter worth about $415,000. New Mexico Educational Retirement Board grew its holdings in Lockheed Martin by 6.4% during the 3rd quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock valued at $4,784,000 after purchasing an additional 700 shares during the last quarter. Finally, Gilbert & Cook Inc. raised its position in Lockheed Martin by 22.8% in the 3rd quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company’s stock worth $521,000 after purchasing an additional 237 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 0.8 %

NYSE LMT traded up $3.62 during midday trading on Monday, hitting $464.91. 84,546 shares of the company traded hands, compared to its average volume of 1,154,305. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50. The company’s 50-day simple moving average is $443.74 and its 200-day simple moving average is $444.58. The company has a market cap of $111.55 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 4.22 and a beta of 0.48. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $6.43 earnings per share. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.16 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Susquehanna dropped their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. UBS Group increased their target price on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Citigroup upped their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Morgan Stanley reduced their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $485.40.

Insider Transactions at Lockheed Martin

In other news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink. In other news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated 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. Insiders sold 16,874 shares of company stock valued at $7,249,946 in the last quarter. 0.17% of the stock is currently owned by corporate insiders.

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.