Jackson Hole Capital Partners LLC Purchases 408 Shares of Lockheed Martin Co. (NYSE:LMT)

Jackson Hole Capital Partners LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 4.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,580 shares of the aerospace company’s stock after acquiring an additional 408 shares during the period. Lockheed Martin makes up about 1.1% of Jackson Hole Capital Partners LLC’s investment portfolio, making the stock its 20th largest position. Jackson Hole Capital Partners LLC’s holdings in Lockheed Martin were worth $4,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Van Cleef Asset Management Inc grew its stake in shares of Lockheed Martin by 20.0% in the fourth quarter. Van Cleef Asset Management Inc now owns 1,200 shares of the aerospace company’s stock valued at $544,000 after buying an additional 200 shares in the last quarter. VCI Wealth Management LLC acquired a new stake in Lockheed Martin during the 4th quarter valued at $250,000. Abbrea Capital LLC lifted its holdings in Lockheed Martin by 2.5% during the 4th quarter. Abbrea Capital LLC now owns 1,432 shares of the aerospace company’s stock valued at $649,000 after purchasing an additional 35 shares during the last quarter. Syon Capital LLC lifted its holdings in Lockheed Martin by 33.3% during the 4th quarter. Syon Capital LLC now owns 2,394 shares of the aerospace company’s stock valued at $1,085,000 after purchasing an additional 598 shares during the last quarter. Finally, Meritage Portfolio Management acquired a new stake in Lockheed Martin during the 4th quarter valued at $296,000. 74.19% of the stock is owned by institutional investors.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated 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 sold a total of 16,874 shares of company stock valued at $7,249,946 over the last quarter. 0.17% of the stock is owned by corporate insiders.

Lockheed Martin Price Performance

LMT stock traded up $6.05 during midday trading on Thursday, reaching $465.19. The company had a trading volume of 927,138 shares, compared to its average volume of 1,171,864. The company has a market capitalization of $111.87 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48. The stock has a 50 day moving average price of $443.00 and a 200-day moving average price of $444.29. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.03.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.43 earnings per share. Equities research analysts expect that Lockheed Martin Co. will post 26.04 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. UBS Group raised their price target on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday. Susquehanna cut their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Wells Fargo & Company raised their price target on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $475.00 to $518.00 in a report on Monday, April 15th. Finally, Morgan Stanley dropped their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $485.40.

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.