Joel Isaacson & Co. LLC Acquires 4,000 Shares of Lockheed Martin Corporation $LMT

Joel Isaacson & Co. LLC raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 347.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,152 shares of the aerospace company’s stock after purchasing an additional 4,000 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Lockheed Martin were worth $2,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in LMT. Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after buying an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $27,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $29,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $34,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LMT. The Goldman Sachs Group raised their target price on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Royal Bank Of Canada lifted their price objective on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating on the stock in a report on Wednesday, December 10th. Jefferies Financial Group lifted their target price on shares of Lockheed Martin from $500.00 to $540.00 and gave the stock a “hold” rating in a research note on Monday, January 12th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $586.00 price target on shares of Lockheed Martin in a research report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $543.82.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the transaction, the chief operating officer directly owned 1 shares of the company’s stock, valued at $491.04. This trade represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

Lockheed Martin Stock Down 1.2%

LMT stock opened at $575.65 on Wednesday. The stock has a 50-day simple moving average of $488.14 and a two-hundred day simple moving average of $473.50. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $586.85. The firm has a market capitalization of $133.20 billion, a PE ratio of 32.14, a PEG ratio of 1.66 and a beta of 0.24. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. The company had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. Lockheed Martin’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the business earned $6.84 earnings per share. On average, equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.