Northern Trust Corp Has $1.10 Billion Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Northern Trust Corp lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,260,910 shares of the aerospace company’s stock after purchasing an additional 134,662 shares during the period. Northern Trust Corp owned 0.96% of Lockheed Martin worth $1,098,667,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LMT. Morse Asset Management Inc grew its stake in Lockheed Martin by 1.0% in the 3rd quarter. Morse Asset Management Inc now owns 3,058 shares of the aerospace company’s stock valued at $1,788,000 after buying an additional 31 shares during the last quarter. Tudor Financial Inc. acquired a new position in Lockheed Martin in the 3rd quarter valued at about $557,000. Anchor Investment Management LLC grew its stake in Lockheed Martin by 8.4% in the 3rd quarter. Anchor Investment Management LLC now owns 4,125 shares of the aerospace company’s stock valued at $2,411,000 after buying an additional 320 shares during the last quarter. Fulcrum Equity Management grew its stake in Lockheed Martin by 4.7% in the 3rd quarter. Fulcrum Equity Management now owns 900 shares of the aerospace company’s stock valued at $526,000 after buying an additional 40 shares during the last quarter. Finally, Sculati Wealth Management LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at about $258,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now owns 2,000 shares in the company, valued at approximately $884,840. The trade was a 61.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock worth $3,155,916 in the last 90 days. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

LMT has been the topic of several recent research reports. Melius cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Citigroup dropped their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. StockNews.com raised Lockheed Martin from a “hold” rating to a “buy” rating in a report on Wednesday, April 23rd. Baird R W raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $544.79.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $476.50 on Tuesday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95. The stock has a market capitalization of $111.64 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The stock has a fifty day moving average of $456.67 and a 200-day moving average of $490.01.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, sell-side analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

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.