Brighton Jones LLC Has $1.66 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Brighton Jones LLC grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,655 shares of the aerospace company’s stock after purchasing an additional 75 shares during the quarter. Brighton Jones LLC’s holdings in Lockheed Martin were worth $1,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Herold Advisors Inc. lifted its stake in shares of Lockheed Martin by 8.6% in the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock valued at $1,410,000 after purchasing an additional 274 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Lockheed Martin by 3.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock valued at $8,624,000 after buying an additional 770 shares in the last quarter. Alethea Capital Management LLC bought a new stake in Lockheed Martin in the 3rd quarter valued at about $415,000. New Mexico Educational Retirement Board increased its position in Lockheed Martin by 6.4% in the 3rd quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock valued at $4,784,000 after buying an additional 700 shares in the last quarter. Finally, Gilbert & Cook Inc. increased its position in Lockheed Martin by 22.8% in the 3rd quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company’s stock valued at $521,000 after buying an additional 237 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Royal Bank of Canada decreased their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. The Goldman Sachs Group decreased their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. 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 report on Monday, April 15th. Finally, Citigroup boosted their price objective on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $485.40.

Insider Transactions at Lockheed Martin

In other news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the transaction, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $7,249,946 in the last 90 days. Insiders own 0.14% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $464.93 on Wednesday. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The stock’s 50 day moving average price is $445.43 and its 200-day moving average price is $444.99. The company has a market capitalization of $111.56 billion, a PE ratio of 17.01, a PEG ratio of 4.28 and a beta of 0.48. The company has a quick ratio of 1.11, a current ratio of 1.30 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 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 firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter in the previous year, the business earned $6.43 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. On average, equities analysts anticipate that Lockheed Martin Co. will post 26.16 EPS for the current 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.