SlateStone Wealth LLC Grows Stock Position in Lockheed Martin Co. (NYSE:LMT)

SlateStone Wealth LLC lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 8.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,374 shares of the aerospace company’s stock after buying an additional 725 shares during the quarter. SlateStone Wealth LLC’s holdings in Lockheed Martin were worth $4,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 27 shares during the last quarter. Activest Wealth Management raised its stake in shares of Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth approximately $33,000. Providence Capital Advisors LLC purchased a new position in Lockheed Martin in the third quarter worth $35,000. Finally, Iron Horse Wealth Management LLC raised its position in Lockheed Martin by 1,925.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LMT shares. Deutsche Bank Aktiengesellschaft upped their target price on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Citigroup lowered their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. The Goldman Sachs Group lowered their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday. Morgan Stanley lowered their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Finally, Susquehanna decreased their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. One equities research 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 presently has an average rating of “Hold” and a consensus target price of $475.80.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $458.89 on Wednesday. The company has a market cap of $110.36 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $480.92. The stock’s 50-day moving average is $441.34 and its 200-day moving average is $444.04.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. The business had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the business posted $6.43 EPS. Equities analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin 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 worth $7,249,946 in the last three months. 0.14% of the stock is owned by insiders.

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.