ICW Investment Advisors LLC Increases Stock Position in Lockheed Martin Co. (NYSE:LMT)

ICW Investment Advisors LLC increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,570 shares of the aerospace company’s stock after buying an additional 26 shares during the period. Lockheed Martin accounts for 1.2% of ICW Investment Advisors LLC’s investment portfolio, making the stock its 21st biggest position. ICW Investment Advisors LLC’s holdings in Lockheed Martin were worth $2,525,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Triumph Capital Management grew its stake in shares of Lockheed Martin by 3.1% in the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock worth $296,000 after acquiring an additional 22 shares during the period. Abbrea Capital LLC grew its holdings in shares of Lockheed Martin by 1.7% in the third quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock worth $571,000 after acquiring an additional 23 shares during the period. Pinnacle Wealth Planning Services Inc. increased its position in Lockheed Martin by 1.6% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock valued at $584,000 after acquiring an additional 23 shares during the last quarter. Duncker Streett & Co. Inc. lifted its holdings in Lockheed Martin by 1.2% in the third quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock valued at $823,000 after acquiring an additional 24 shares during the period. Finally, Norris Perne & French LLP MI boosted its position in Lockheed Martin by 2.8% in the fourth quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock worth $410,000 after purchasing an additional 25 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO John Frank A. St sold 6,648 shares of the business’s 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 document filed with the SEC, which is accessible through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were 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. Insiders sold 16,874 shares of company stock worth $7,249,946 in the last three months. 0.14% of the stock is owned by insiders.

Lockheed Martin Stock Down 0.2 %

Lockheed Martin stock traded down $0.97 during midday trading on Wednesday, hitting $463.96. 385,409 shares of the company’s stock were exchanged, compared to its average volume of 1,150,309. 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 $111.32 billion, a PE ratio of 16.94, a P/E/G ratio of 4.28 and a beta of 0.48. The firm has a 50-day moving average of $445.43 and a two-hundred day moving average of $444.99. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. Lockheed Martin’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company posted $6.43 earnings per share. As a group, analysts expect that Lockheed Martin Co. will post 26.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LMT. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” 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 raised their price objective for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. Wells Fargo & Company boosted their price objective on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Citigroup increased their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Susquehanna reduced their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $485.40.

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.