Magnus Financial Group LLC Boosts Holdings in Lockheed Martin Co. (NYSE:LMT)

Magnus Financial Group LLC increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,607 shares of the aerospace company’s stock after buying an additional 344 shares during the period. Magnus Financial Group LLC’s holdings in Lockheed Martin were worth $2,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $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 fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares in the last quarter. Milestone Investment Advisors LLC purchased a new position in shares of Lockheed Martin during the third quarter worth about $33,000. Iron Horse Wealth Management LLC increased its position in shares of 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 worth $37,000 after purchasing an additional 77 shares in the last quarter. Finally, Providence Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LMT shares. Susquehanna dropped their price target 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. The Goldman Sachs Group cut their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $485.40.

Insider Buying and Selling

In related news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO John Frank A. St sold 6,648 shares of the business’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 transaction of $2,827,726.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 over the last quarter. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $3.49 during midday trading on Friday, hitting $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 has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 2.89. The stock has a 50 day moving average price of $443.74 and a two-hundred day moving average price of $444.53. The company has a market capitalization of $110.68 billion, a PE ratio of 16.88, a P/E/G ratio of 4.22 and a beta of 0.48.

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. The company had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.43 EPS. As a group, equities analysts predict that Lockheed Martin Co. will post 26.16 earnings per share 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.