Berry Wealth Group LP Makes New $488,000 Investment in Lockheed Martin Co. (NYSE:LMT)

Berry Wealth Group LP acquired a new stake in Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,077 shares of the aerospace company’s stock, valued at approximately $488,000.

Other institutional investors have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich boosted its position 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 in the last quarter. Activest Wealth Management lifted its stake in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the last quarter. Milestone Investment Advisors LLC acquired a new position in Lockheed Martin in the third quarter valued at approximately $33,000. Providence Capital Advisors LLC acquired a new stake in Lockheed Martin during the third quarter worth approximately $35,000. Finally, Iron Horse Wealth Management LLC lifted its position 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 buying an additional 77 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 at this link. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm’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 Securities & Exchange Commission, which is available through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. In the last three months, insiders sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. Susquehanna dropped their price target 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. Royal Bank of Canada decreased their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of 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 report on Monday, April 15th. Finally, Wells Fargo & Company raised 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 report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $485.40.

Lockheed Martin Price Performance

Shares of LMT traded down $1.35 during mid-day trading on Wednesday, hitting $463.58. The company’s stock had a trading volume of 369,474 shares, compared to its average volume of 1,150,030. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The firm has a market capitalization of $111.23 billion, a P/E ratio of 16.94, a P/E/G ratio of 4.28 and a beta of 0.48. The firm has a 50-day simple moving average of $445.43 and a 200 day simple moving average of $444.99.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter last year, the company earned $6.43 earnings per share. Lockheed Martin’s quarterly revenue was up 13.7% compared to the same quarter last year. Analysts predict that Lockheed Martin Co. will post 26.16 EPS for the current fiscal year.

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.