Perfromance Wealth Partners LLC Raises Position in Lockheed Martin Co. (NYSE:LMT)

Perfromance Wealth Partners LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMTGet Rating) by 11.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 870 shares of the aerospace company’s stock after buying an additional 91 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Lockheed Martin were worth $374,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Gamco Investors INC. ET AL lifted its holdings in shares of Lockheed Martin by 69.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,876 shares of the aerospace company’s stock worth $1,022,000 after acquiring an additional 1,175 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Lockheed Martin by 0.4% during the fourth quarter. Blair William & Co. IL now owns 25,313 shares of the aerospace company’s stock worth $8,997,000 after acquiring an additional 109 shares in the last quarter. Mmbg Investment Advisors CO. purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at $384,000. LPL Financial LLC grew its holdings in shares of Lockheed Martin by 8.2% during the 4th quarter. LPL Financial LLC now owns 371,376 shares of the aerospace company’s stock valued at $131,991,000 after purchasing an additional 28,198 shares during the last quarter. Finally, William Allan LLC purchased a new position in Lockheed Martin in the 4th quarter worth $790,000. Hedge funds and other institutional investors own 75.50% of the company’s stock.

Insider Buying and Selling

In related news, Director John Donovan bought 632 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were bought at an average cost of $396.16 per share, with a total value of $250,373.12. Following the acquisition, the director now owns 1,200 shares in the company, valued at $475,392. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Lockheed Martin news, EVP Gregory M. Ulmer sold 6,929 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total value of $2,936,995.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Donovan purchased 632 shares of the business’s stock in a transaction on Wednesday, July 20th. The stock was acquired at an average price of $396.16 per share, with a total value of $250,373.12. Following the purchase, the director now directly owns 1,200 shares in the company, valued at approximately $475,392. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.

Lockheed Martin Stock Down 2.1 %

LMT stock traded down $8.96 during midday trading on Friday, hitting $413.12. The company’s stock had a trading volume of 56,788 shares, compared to its average volume of 1,094,717. The company has a market cap of $109.54 billion, a PE ratio of 24.43, a P/E/G ratio of 2.88 and a beta of 0.66. Lockheed Martin Co. has a 12 month low of $324.23 and a 12 month high of $479.99. The company has a current ratio of 1.27, a quick ratio of 1.06 and a debt-to-equity ratio of 1.02. The firm’s 50-day moving average is $419.75 and its 200-day moving average is $431.25.

Lockheed Martin (NYSE:LMTGet Rating) last released its quarterly earnings results on Tuesday, July 19th. The aerospace company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $6.39 by ($5.23). Lockheed Martin had a net margin of 7.33% and a return on equity of 69.02%. The firm had revenue of $15.45 billion for the quarter, compared to the consensus estimate of $16.02 billion. During the same period in the previous year, the company earned $7.13 earnings per share. Lockheed Martin’s quarterly revenue was down 9.3% compared to the same quarter last year. On average, equities research analysts forecast that Lockheed Martin Co. will post 26.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on Lockheed Martin from $496.00 to $406.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 20th. Morgan Stanley decreased their target price on shares of Lockheed Martin from $525.00 to $522.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Finally, Royal Bank of Canada began coverage on shares of Lockheed Martin in a report on Monday, August 29th. They issued a “sector perform” rating and a $460.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average price target of $448.92.

Lockheed Martin Profile

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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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

See Also

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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