Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Beaumont Asset Management L.L.C.

Beaumont Asset Management L.L.C. lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,808 shares of the aerospace company’s stock after purchasing an additional 124 shares during the period. Lockheed Martin accounts for about 0.9% of Beaumont Asset Management L.L.C.’s portfolio, making the stock its 24th largest position. Beaumont Asset Management L.L.C.’s holdings in Lockheed Martin were worth $1,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LMT. Herold Advisors Inc. lifted its holdings in shares of Lockheed Martin by 8.6% during the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock worth $1,410,000 after acquiring an additional 274 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Lockheed Martin by 3.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock valued at $8,624,000 after acquiring an additional 770 shares during the period. Alethea Capital Management LLC acquired a new position in shares of Lockheed Martin during the third quarter valued at $415,000. Meridian Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 149.0% during the third quarter. Meridian Wealth Management LLC now owns 11,960 shares of the aerospace company’s stock valued at $4,892,000 after acquiring an additional 7,156 shares during the period. Finally, New Mexico Educational Retirement Board raised its stake in shares of Lockheed Martin by 6.4% during the third quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock valued at $4,784,000 after purchasing an additional 700 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Maryanne Lavan sold 4,022 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were 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 have sold a total of 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LMT. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Susquehanna cut their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Morgan Stanley cut their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Finally, UBS Group cut their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $475.80.

Lockheed Martin Trading Down 0.3 %

NYSE LMT traded down $1.25 on Tuesday, hitting $460.08. 1,759,244 shares of the company were exchanged, compared to its average volume of 1,172,661. The company’s 50 day moving average price is $440.67 and its 200-day moving average price is $443.62. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The firm has a market capitalization of $110.64 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 4.23 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $483.53.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.26 by $0.64. The firm had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.79 EPS. Analysts predict that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

About Lockheed Martin

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.