Armstrong Fleming & Moore Inc Invests $220,000 in Lockheed Martin Co. (NYSE:LMT)

Armstrong Fleming & Moore Inc purchased a new position in Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 486 shares of the aerospace company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. RB Capital Management LLC grew its stake in shares of Lockheed Martin by 5.0% in the fourth quarter. RB Capital Management LLC now owns 3,975 shares of the aerospace company’s stock worth $1,802,000 after purchasing an additional 191 shares in the last quarter. Howe & Rusling Inc. boosted its stake in Lockheed Martin by 2.0% during the fourth quarter. Howe & Rusling Inc. now owns 2,579 shares of the aerospace company’s stock valued at $1,169,000 after buying an additional 50 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in Lockheed Martin during the fourth quarter valued at about $441,000. ICW Investment Advisors LLC boosted its stake in Lockheed Martin by 0.5% during the fourth quarter. ICW Investment Advisors LLC now owns 5,570 shares of the aerospace company’s stock valued at $2,525,000 after buying an additional 26 shares in the last quarter. Finally, Berry Wealth Group LP bought a new position in Lockheed Martin during the fourth quarter valued at about $488,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.7 %

Shares of NYSE LMT traded down $3.20 during mid-day trading on Wednesday, reaching $461.73. 994,509 shares of the company traded hands, compared to its average volume of 1,157,922. 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 stock has a market cap of $110.79 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 4.28 and a beta of 0.48. The company’s fifty day moving average is $445.43 and its two-hundred day moving average is $444.99. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.43 EPS. On average, analysts expect that Lockheed Martin Co. will post 26.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LMT. Royal Bank of Canada decreased their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their target price on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Morgan Stanley reduced 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. Citigroup upped their target price on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $485.40.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was 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 have sold 16,874 shares of company stock valued at $7,249,946 in the last 90 days. 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.