Lockheed Martin Co. (NYSE:LMT) Stock Position Reduced by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. cut its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,899 shares of the aerospace company’s stock after selling 123 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Lockheed Martin were worth $2,220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC grew its position in Lockheed Martin by 5.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 970 shares of the aerospace company’s stock valued at $439,000 after purchasing an additional 50 shares in the last quarter. Carret Asset Management LLC grew its position in Lockheed Martin by 8.4% during the fourth quarter. Carret Asset Management LLC now owns 1,816 shares of the aerospace company’s stock valued at $823,000 after purchasing an additional 141 shares in the last quarter. Wynn Capital LLC purchased a new position in Lockheed Martin during the fourth quarter valued at approximately $931,000. Hartline Investment Corp lifted its stake in Lockheed Martin by 218.0% in the fourth quarter. Hartline Investment Corp now owns 2,156 shares of the aerospace company’s stock valued at $977,000 after acquiring an additional 1,478 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in Lockheed Martin by 241.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 547 shares of the aerospace company’s stock valued at $248,000 after acquiring an additional 387 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Susquehanna reduced their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Wells Fargo & Company boosted their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group cut their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday. Royal Bank of Canada cut their target price on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. Finally, UBS Group upped their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Price Performance

Shares of LMT traded up $3.25 during trading hours on Thursday, hitting $462.39. The stock had a trading volume of 402,576 shares, compared to its average volume of 1,164,906. The company’s fifty day moving average is $442.16 and its two-hundred day moving average is $444.14. 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 Co. has a 52 week low of $393.77 and a 52 week high of $479.50. The stock has a market capitalization of $111.20 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 4.21 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $6.43 EPS. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, analysts anticipate that Lockheed Martin Co. will post 26.04 EPS for the current year.

Insiders Place Their Bets

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’s 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’s 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 in the last 90 days. 0.17% of the stock is currently owned by 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.