Joel Isaacson & Co. LLC Has $2.57 Million Holdings in Lockheed Martin Corporation $LMT

Joel Isaacson & Co. LLC grew its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 347.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,152 shares of the aerospace company’s stock after purchasing an additional 4,000 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Lockheed Martin were worth $2,572,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Silver Coast Investments LLC lifted its holdings in Lockheed Martin by 13.5% in the third quarter. Silver Coast Investments LLC now owns 1,512 shares of the aerospace company’s stock valued at $755,000 after buying an additional 180 shares during the period. Boomfish Wealth Group LLC grew its stake in Lockheed Martin by 6.8% during the third quarter. Boomfish Wealth Group LLC now owns 5,737 shares of the aerospace company’s stock worth $2,864,000 after purchasing an additional 367 shares during the period. Grey Fox Wealth Advisors LLC acquired a new stake in Lockheed Martin during the third quarter worth approximately $27,000. Floyd Financial Group LLC bought a new stake in Lockheed Martin in the third quarter worth approximately $859,000. Finally, Bank of Stockton lifted its stake in Lockheed Martin by 37.3% in the third quarter. Bank of Stockton now owns 1,601 shares of the aerospace company’s stock valued at $799,000 after buying an additional 435 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the sale, the chief operating officer owned 1 shares in the company, valued at $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research analyst reports. BNP Paribas upgraded shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating on the stock in a report on Wednesday, December 10th. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Susquehanna reaffirmed a “positive” rating and set a $660.00 price target on shares of Lockheed Martin in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $515.00 price objective (up previously from $465.00) on shares of Lockheed Martin in a report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $543.82.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $575.65 on Wednesday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $586.85. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The business has a 50 day moving average price of $488.14 and a 200-day moving average price of $473.50. The company has a market cap of $133.20 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 1.66 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter in the prior year, the company posted $6.84 earnings per share. Lockheed Martin’s revenue was up 8.8% compared to the same quarter last year. Equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.