Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $1.44 Million Position in Lockheed Martin Co. (NYSE:LMT)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 36.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,346 shares of the aerospace company’s stock after purchasing an additional 902 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Lockheed Martin were worth $1,437,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of Lockheed Martin by 10,526.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock valued at $617,416,000 after acquiring an additional 1,349,409 shares during the period. Vanguard Group Inc. lifted its position in Lockheed Martin by 1.3% in the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after purchasing an additional 279,162 shares during the period. Envestnet Asset Management Inc. lifted its position in Lockheed Martin by 28.5% in the third quarter. Envestnet Asset Management Inc. now owns 707,696 shares of the aerospace company’s stock worth $289,419,000 after purchasing an additional 156,842 shares during the period. Wellington Management Group LLP lifted its position in Lockheed Martin by 4.0% in the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock worth $1,291,816,000 after purchasing an additional 121,358 shares during the period. Finally, AQR Capital Management LLC lifted its position in Lockheed Martin by 32.4% in the third quarter. AQR Capital Management LLC now owns 449,167 shares of the aerospace company’s stock worth $183,691,000 after purchasing an additional 110,021 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.0 %

Shares of NYSE:LMT traded up $0.11 during trading on Tuesday, hitting $461.44. 1,110,277 shares of the company’s stock traded hands, compared to its average volume of 1,167,643. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $483.53. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The company has a market cap of $110.97 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 4.23 and a beta of 0.48. The company has a 50-day moving average price of $440.67 and a 200-day moving average price of $443.62.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating the consensus estimate of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. During the same quarter in the previous year, the business posted $7.79 EPS. Lockheed Martin’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts forecast that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. The Goldman Sachs Group dropped their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday. Citigroup dropped their price objective on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Morgan Stanley lowered their target price on 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. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $475.80.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin 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 sale was disclosed in a document filed with the SEC, which is available at this link. In other Lockheed Martin news, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $2,827,726.80. 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. 0.14% of the stock is owned by 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.