Bailard Inc. Purchases New Holdings in Lockheed Martin Co. (NYSE:LMT)

Bailard Inc. acquired a new position in Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 485 shares of the aerospace company’s stock, valued at approximately $220,000.

A number of other institutional investors have also recently bought and sold shares of LMT. Capital Advisors Ltd. LLC boosted its holdings in shares of Lockheed Martin by 5.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 970 shares of the aerospace company’s stock worth $439,000 after buying an additional 50 shares during the last quarter. Carret Asset Management LLC boosted its stake in Lockheed Martin by 8.4% in the fourth quarter. Carret Asset Management LLC now owns 1,816 shares of the aerospace company’s stock valued at $823,000 after acquiring an additional 141 shares during the last quarter. Wynn Capital LLC bought a new position in shares of Lockheed Martin during the 4th quarter valued at approximately $931,000. Hartline Investment Corp increased its stake in shares of Lockheed Martin by 218.0% during the 4th quarter. Hartline Investment Corp now owns 2,156 shares of the aerospace company’s stock worth $977,000 after purchasing an additional 1,478 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of Lockheed Martin by 241.9% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 547 shares of the aerospace company’s stock worth $248,000 after purchasing an additional 387 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $467.56 on Tuesday. The company has a 50 day moving average of $444.61 and a 200 day moving average of $444.82. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The stock has a market cap of $112.19 billion, a P/E ratio of 17.11, a P/E/G ratio of 4.22 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. 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 firm earned $6.43 EPS. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 26.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LMT has been the subject of several research reports. Royal Bank of Canada reduced 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. Deutsche Bank Aktiengesellschaft increased their price target on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. The Goldman Sachs Group lowered their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. UBS Group increased their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Citigroup boosted their price target 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus target price of $485.40.

Insider Transactions at Lockheed Martin

In other news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.14% of the stock is owned by corporate 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.