Bank of New Hampshire Raises Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Bank of New Hampshire increased its position in Lockheed Martin Co. (NYSE:LMT) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 943 shares of the aerospace company’s stock after buying an additional 47 shares during the quarter. Bank of New Hampshire’s holdings in Lockheed Martin were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LMT. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Lockheed Martin by 73.0% in the 3rd 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 in the last quarter. Activest Wealth Management boosted its stake in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares in the last quarter. Milestone Investment Advisors LLC bought a new position in Lockheed Martin in the 3rd quarter worth about $33,000. Providence Capital Advisors LLC bought a new position in Lockheed Martin during the third quarter valued at approximately $35,000. Finally, Iron Horse Wealth Management LLC increased its holdings in Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after buying an additional 77 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the company from $475.00 to $518.00 in a report on Monday, April 15th. Morgan Stanley reduced their price objective 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. The Goldman Sachs Group reduced their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday. Wells Fargo & Company increased their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Royal Bank of Canada cut their target price 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $485.40.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction that occurred on 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 owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock worth $7,249,946 in the last 90 days. 0.17% of the stock is owned by corporate insiders.

Lockheed Martin Trading Up 1.2 %

Shares of Lockheed Martin stock traded up $5.64 during trading on Thursday, hitting $464.78. The stock had a trading volume of 926,769 shares, compared to its average volume of 1,171,860. The firm’s fifty day simple moving average is $442.16 and its 200-day simple moving average is $444.14. The stock has a market cap of $111.77 billion, a PE ratio of 16.92, a PEG ratio of 4.21 and a beta of 0.48. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.03. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. During the same quarter last year, the business earned $6.43 EPS. The business’s revenue was up 13.7% on a year-over-year basis. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.04 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.