Linden Thomas Advisory Services LLC Has $3.66 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Linden Thomas Advisory Services LLC raised its position in Lockheed Martin Co. (NYSE:LMT) by 2.1% during the fourth quarter, Holdings Channel reports. The firm owned 8,067 shares of the aerospace company’s stock after purchasing an additional 163 shares during the period. Lockheed Martin comprises 0.7% of Linden Thomas Advisory Services LLC’s portfolio, making the stock its 11th largest holding. Linden Thomas Advisory Services LLC’s holdings in Lockheed Martin were worth $3,656,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Masso Torrence Wealth Management Inc. lifted its position in shares of Lockheed Martin by 26.9% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 962 shares of the aerospace company’s stock valued at $436,000 after acquiring an additional 204 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Lockheed Martin by 10.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,866 shares of the aerospace company’s stock valued at $846,000 after acquiring an additional 172 shares during the period. SlateStone Wealth LLC lifted its position in shares of Lockheed Martin by 8.4% during the 4th quarter. SlateStone Wealth LLC now owns 9,374 shares of the aerospace company’s stock valued at $4,249,000 after acquiring an additional 725 shares during the period. Stockman Wealth Management Inc. lifted its position in shares of Lockheed Martin by 1.8% during the 4th quarter. Stockman Wealth Management Inc. now owns 16,599 shares of the aerospace company’s stock valued at $7,523,000 after acquiring an additional 292 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Lockheed Martin by 36.9% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,346 shares of the aerospace company’s stock valued at $1,437,000 after acquiring an additional 902 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,874 shares of company stock worth $7,249,946. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LMT shares. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Susquehanna decreased their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Morgan Stanley decreased their price target on shares of 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. Royal Bank of Canada decreased their price target on shares of 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. Finally, Citigroup decreased their price target on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $475.80.

Lockheed Martin Stock Performance

LMT traded down $1.62 during trading on Tuesday, hitting $459.71. 1,376,726 shares of the company traded hands, compared to its average volume of 1,171,062. The firm has a market cap of $110.56 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 4.23 and a beta of 0.48. The stock’s fifty day moving average is $440.67 and its 200 day moving average is $443.62. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $483.53.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating the consensus estimate of $7.26 by $0.64. The company had revenue of $18.87 billion during the quarter, compared to analyst estimates of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.79 earnings per share. As a group, equities analysts predict that Lockheed Martin Co. will post 26.13 EPS 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.