Logan Capital Management Inc. Grows Stock Position in Lockheed Martin Co. (NYSE:LMT)

Logan Capital Management Inc. raised its position in Lockheed Martin Co. (NYSE:LMT) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,739 shares of the aerospace company’s stock after acquiring an additional 125 shares during the quarter. Logan Capital Management Inc.’s holdings in Lockheed Martin were worth $5,704,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMT. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of Lockheed Martin by 51.7% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company’s stock valued at $4,630,000 after purchasing an additional 3,247 shares during the period. Capital Investment Advisors LLC grew its holdings in shares of Lockheed Martin by 2.2% during the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company’s stock valued at $44,770,000 after buying an additional 2,011 shares during the last quarter. Brady Martz Wealth Solutions LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth $1,266,000. Aquatic Capital Management LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth $33,294,000. Finally, Private Advisor Group LLC lifted its holdings in shares of Lockheed Martin by 11.0% during the fourth quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company’s stock valued at $24,906,000 after purchasing an additional 5,075 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LMT shares. Citigroup cut 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. UBS Group boosted their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 23rd. Bank of America cut Lockheed Martin from a “buy” rating to a “neutral” rating and cut their price target for the company from $685.00 to $485.00 in a report on Monday, March 24th. Melius downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, Jefferies Financial Group dropped their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a research note on Monday, April 28th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $541.80.

Lockheed Martin Stock Down 0.2%

Shares of NYSE LMT opened at $473.66 on Monday. Lockheed Martin Co. has a 12-month low of $418.88 and a 12-month high of $618.95. The stock’s fifty day simple moving average is $461.84 and its two-hundred day simple moving average is $482.21. The stock has a market capitalization of $110.98 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

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. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The firm had revenue of $17.96 billion during the quarter, compared to analysts’ expectations of $17.83 billion. As a group, analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. The trade was a 61.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares of the company’s stock, 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. Over the last three months, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.14% of the stock is currently owned by insiders.

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.