Lockheed Martin Co. (NYSE:LMT) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in Lockheed Martin Co. (NYSE:LMT) by 6.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 54,937 shares of the aerospace company’s stock after selling 3,828 shares during the period. Amalgamated Bank’s holdings in Lockheed Martin were worth $24,900,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LMT. Herold Advisors Inc. grew its position in shares of Lockheed Martin by 8.6% in the third quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock valued at $1,410,000 after purchasing an additional 274 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Lockheed Martin by 3.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock worth $8,624,000 after acquiring an additional 770 shares in the last quarter. Alethea Capital Management LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $415,000. New Mexico Educational Retirement Board increased its position in shares of Lockheed Martin by 6.4% in the 3rd quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock worth $4,784,000 after purchasing an additional 700 shares during the last quarter. Finally, Gilbert & Cook Inc. boosted its stake in Lockheed Martin by 22.8% during the 3rd quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company’s stock valued at $521,000 after purchasing an additional 237 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the subject of a number of analyst reports. Citigroup boosted their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Susquehanna lowered their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. Wells Fargo & Company raised their price objective on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $485.40.

Lockheed Martin Trading Up 0.3 %

Shares of LMT stock traded up $1.47 during mid-day trading on Thursday, hitting $463.20. The company’s stock had a trading volume of 999,205 shares, compared to its average volume of 1,156,060. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50. The company’s fifty day simple moving average is $446.11 and its 200-day simple moving average is $445.10. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The company has a market cap of $111.14 billion, a PE ratio of 16.83, a P/E/G ratio of 4.26 and a beta of 0.46.

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, beating the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion during 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%. Lockheed Martin’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $6.43 earnings per share. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is owned by company insiders.

Lockheed Martin Company 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.