Bryn Mawr Capital Management LLC Has $1.44 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Bryn Mawr Capital Management LLC grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 36.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,171 shares of the aerospace company’s stock after acquiring an additional 847 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Lockheed Martin were worth $1,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in LMT. Spirit of America Management Corp NY lifted its holdings in Lockheed Martin by 33.3% during the 3rd quarter. Spirit of America Management Corp NY now owns 400 shares of the aerospace company’s stock worth $164,000 after purchasing an additional 100 shares during the last quarter. Connecticut Wealth Management LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth approximately $261,000. TFG Advisers LLC raised its holdings in Lockheed Martin by 1.2% in the 3rd quarter. TFG Advisers LLC now owns 2,967 shares of the aerospace company’s stock valued at $1,214,000 after acquiring an additional 34 shares in the last quarter. Zullo Investment Group Inc. raised its holdings in Lockheed Martin by 8.1% in the 3rd quarter. Zullo Investment Group Inc. now owns 1,488 shares of the aerospace company’s stock valued at $609,000 after acquiring an additional 112 shares in the last quarter. Finally, Solidarity Wealth LLC raised its holdings in Lockheed Martin by 85.6% in the 3rd quarter. Solidarity Wealth LLC now owns 8,400 shares of the aerospace company’s stock valued at $3,435,000 after acquiring an additional 3,875 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 0.8 %

Shares of LMT stock opened at $461.28 on Friday. The firm has a market capitalization of $110.68 billion, a P/E ratio of 16.88, a P/E/G ratio of 4.25 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The stock’s fifty day simple moving average is $443.74 and its 200 day simple moving average is $444.46. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. The firm 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 85.96% and a net margin of 9.73%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $6.43 EPS. As a group, sell-side analysts predict that Lockheed Martin Co. will post 26.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group lifted their price objective on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Company lifted their price target on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, The Goldman Sachs Group decreased their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average target price of $485.40.

Insider Activity

In other news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Maryanne Lavan sold 4,022 shares of the company’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 transaction was disclosed in a 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 that occurred on Friday, March 1st. The stock was 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 16,874 shares of company stock valued at $7,249,946 in the last ninety days. 0.17% of the stock is owned by company 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.