McAdam LLC Sells 85 Shares of Lockheed Martin Co. (NYSE:LMT)

McAdam LLC reduced its stake in Lockheed Martin Co. (NYSE:LMT) by 13.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 555 shares of the aerospace company’s stock after selling 85 shares during the period. McAdam LLC’s holdings in Lockheed Martin were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Hexagon Capital Partners LLC lifted its stake in Lockheed Martin by 17.3% during the third quarter. Hexagon Capital Partners LLC now owns 414 shares of the aerospace company’s stock worth $169,000 after purchasing an additional 61 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Lockheed Martin by 2.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 114,974 shares of the aerospace company’s stock worth $47,020,000 after purchasing an additional 3,006 shares during the last quarter. Joel Isaacson & Co. LLC lifted its stake in Lockheed Martin by 16.3% during the third quarter. Joel Isaacson & Co. LLC now owns 1,070 shares of the aerospace company’s stock worth $438,000 after purchasing an additional 150 shares during the last quarter. Sigma Investment Counselors Inc. lifted its stake in Lockheed Martin by 6.1% during the third quarter. Sigma Investment Counselors Inc. now owns 928 shares of the aerospace company’s stock worth $380,000 after purchasing an additional 53 shares during the last quarter. Finally, Mission Wealth Management LP lifted its stake in Lockheed Martin by 24.5% during the third quarter. Mission Wealth Management LP now owns 3,475 shares of the aerospace company’s stock worth $1,421,000 after purchasing an additional 684 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LMT shares. Royal Bank of Canada lowered their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. UBS Group upped their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $475.00 to $518.00 in a report on Monday, April 15th. Finally, Susquehanna lowered their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Stock Performance

NYSE LMT opened at $464.93 on Wednesday. The company has a market capitalization of $111.56 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 4.28 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The stock has a fifty day simple moving average of $445.43 and a 200 day simple moving average of $444.99. 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 issued its quarterly 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 during the quarter, compared to the consensus estimate of $16.04 billion. During the same period last year, the business posted $6.43 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. Sell-side analysts expect that Lockheed Martin Co. will post 26.16 EPS for the current year.

Insiders Place Their Bets

In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The stock was 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 directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 legal filing with the SEC, which is accessible through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.14% of the company’s stock.

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.