Lockheed Martin Co. (NYSE:LMT) Shares Sold by Leisure Capital Management

Leisure Capital Management decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 13.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,165 shares of the aerospace company’s stock after selling 492 shares during the quarter. Leisure Capital Management’s holdings in Lockheed Martin were worth $1,435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Triumph Capital Management lifted its holdings in Lockheed Martin by 3.1% in the 3rd quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock valued at $296,000 after purchasing an additional 22 shares in the last quarter. Abbrea Capital LLC lifted its holdings in Lockheed Martin by 1.7% in the 3rd quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock valued at $571,000 after purchasing an additional 23 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in Lockheed Martin by 1.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock valued at $584,000 after purchasing an additional 23 shares in the last quarter. Duncker Streett & Co. Inc. lifted its holdings in Lockheed Martin by 1.2% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock valued at $823,000 after purchasing an additional 24 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA raised its holdings in shares of Lockheed Martin by 0.7% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 3,375 shares of the aerospace company’s stock worth $1,380,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Activity

In other news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction 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. In the last three months, insiders have sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Down 0.8 %

Shares of LMT traded down $3.49 during midday trading on Friday, reaching $461.29. The stock had a trading volume of 857,964 shares, compared to its average volume of 1,102,151. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The company’s fifty day simple moving average is $443.74 and its two-hundred day simple moving average is $444.46. The company has a market cap of $110.68 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 4.25 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 (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same period last year, the business earned $6.43 EPS. The company’s revenue was up 13.7% on a year-over-year basis. Equities research analysts expect that Lockheed Martin Co. will post 26.05 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup lifted their price target on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley cut their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Wells Fargo & Company lifted their target price on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday. Susquehanna reduced their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $485.40.

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.