Parkside Financial Bank & Trust Raises Position in Lockheed Martin Co. (NYSE:LMT)

Parkside Financial Bank & Trust raised its stake in Lockheed Martin Co. (NYSE:LMT) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,866 shares of the aerospace company’s stock after purchasing an additional 172 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Lockheed Martin were worth $846,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LMT. International Assets Investment Management LLC boosted its holdings 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 worth $617,416,000 after acquiring an additional 1,349,409 shares during the period. Vanguard Group Inc. raised its position in shares of 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 buying an additional 279,162 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of 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 buying an additional 156,842 shares in the last quarter. Wellington Management Group LLP raised its position in shares of 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 buying an additional 121,358 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of 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 buying an additional 110,021 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 0.2 %

Shares of LMT stock traded down $0.81 during midday trading on Tuesday, reaching $460.52. 1,265,517 shares of the stock were exchanged, compared to its average volume of 1,169,612. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $483.53. The company’s 50 day moving average is $440.67 and its two-hundred day moving average is $443.62. 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 firm has a market cap of $110.75 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 4.23 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, topping the consensus estimate of $7.26 by $0.64. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.79 EPS. On average, equities research analysts predict that Lockheed Martin Co. will post 26.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group lowered their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Citigroup lowered their target price 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. Susquehanna lowered their target price 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. Finally, Deutsche Bank Aktiengesellschaft boosted 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 issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $475.80.

Insider Activity at Lockheed Martin

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 value of $1,747,116.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Maryanne Lavan sold 4,022 shares of the 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction on Friday, March 1st. The shares were 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 three months, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.14% of the stock is owned by corporate 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.