Lockheed Martin Co. (NYSE:LMT) Position Boosted by Norden Group LLC

Norden Group LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 605 shares of the aerospace company’s stock after buying an additional 29 shares during the period. Norden Group LLC’s holdings in Lockheed Martin were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after buying an additional 27 shares in the last quarter. Activest Wealth Management raised its stake in shares of Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after buying an additional 60 shares in the last quarter. Milestone Investment Advisors LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $33,000. Iron Horse Wealth Management LLC boosted its stake in Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after buying an additional 77 shares in the last quarter. Finally, Providence Capital Advisors LLC bought a new position in shares of Lockheed Martin during the third quarter valued at $35,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $2,827,726.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the 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 disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 in the last 90 days. 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

LMT has been the subject of several analyst reports. Susquehanna cut their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Finally, Citigroup boosted 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, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Price Performance

LMT opened at $461.73 on Thursday. The company has a fifty day moving average price of $446.11 and a two-hundred day moving average price of $445.10. The firm has a market capitalization of $110.79 billion, a PE ratio of 16.89, a P/E/G ratio of 4.26 and a beta of 0.46. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same quarter in the prior year, the firm posted $6.43 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, analysts anticipate that Lockheed Martin Co. will post 26.12 earnings per share for the current year.

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.