Cornerstone Capital Inc. Buys 790 Shares of Lockheed Martin Co. (NYSE:LMT)

Cornerstone Capital Inc. grew its stake in Lockheed Martin Co. (NYSE:LMT) by 41.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,680 shares of the aerospace company’s stock after purchasing an additional 790 shares during the period. Cornerstone Capital Inc.’s holdings in Lockheed Martin were worth $1,215,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 27 shares during the last quarter. Activest Wealth Management lifted its stake in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 60 shares during the last quarter. Milestone Investment Advisors LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $33,000. Providence Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $35,000. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 77 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

LMT has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday. Morgan Stanley decreased their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research report on Thursday. UBS Group lifted their target price on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $475.00 to $518.00 in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Trading Down 0.8 %

Shares of NYSE:LMT opened at $461.29 on Friday. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $479.50. The business’s fifty day simple moving average is $443.74 and its 200-day simple moving average is $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. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last announced 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 return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same period in the previous year, the business earned $6.43 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, equities research analysts predict that Lockheed Martin Co. will post 26.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction 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 filing with the SEC, which can be accessed through the SEC website. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated 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 directly owns 12,604 shares of the company’s stock, valued at approximately $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 worth $7,249,946 in the last ninety days. 0.17% of the stock is 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.