Alpha Cubed Investments LLC Has $18.79 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Alpha Cubed Investments LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,449 shares of the aerospace company’s stock after buying an additional 2,194 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Lockheed Martin were worth $18,787,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Lockheed Martin by 1.3% in the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after purchasing an additional 279,162 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Lockheed Martin by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company’s stock valued at $2,302,388,000 after buying an additional 97,916 shares during the period. Wellington Management Group LLP boosted its stake in shares of Lockheed Martin by 4.0% in the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock valued at $1,291,816,000 after buying an additional 121,358 shares during the period. Northern Trust Corp boosted its stake in shares of Lockheed Martin by 4.0% in the third quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company’s stock valued at $976,751,000 after buying an additional 91,109 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Lockheed Martin by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 1,973,771 shares of the aerospace company’s stock valued at $807,193,000 after buying an additional 46,890 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock worth $7,249,946 over the last three months. Company insiders own 0.14% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT traded down $2.62 during trading hours on Tuesday, reaching $464.93. The stock had a trading volume of 707,768 shares, compared to its average volume of 1,159,886. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50. The stock has a market capitalization of $111.56 billion, a PE ratio of 17.02, a PEG ratio of 4.22 and a beta of 0.48. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The company’s 50-day moving average is $444.61 and its two-hundred day moving average is $444.82.

Lockheed Martin (NYSE:LMT) last announced 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. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same period in the prior year, the company earned $6.43 EPS. Lockheed Martin’s revenue was up 13.7% compared to the same quarter last year. Research analysts expect that Lockheed Martin Co. will post 26.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LMT shares. Citigroup boosted their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. UBS Group boosted their price target on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Morgan Stanley cut their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. Finally, The Goldman Sachs Group cut their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.