Wynn Capital LLC Makes New $931,000 Investment in Lockheed Martin Co. (NYSE:LMT)

Wynn Capital LLC bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,054 shares of the aerospace company’s stock, valued at approximately $931,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich grew its holdings 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 during the period. Activest Wealth Management grew its holdings in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 60 shares during the period. Milestone Investment Advisors LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $33,000. Iron Horse Wealth Management LLC grew its holdings 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 acquiring an additional 77 shares during the period. Finally, Providence Capital Advisors LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT traded down $0.95 during mid-day trading on Wednesday, reaching $459.13. 1,018,454 shares of the company traded hands, compared to its average volume of 1,174,945. The stock has a market capitalization of $110.42 billion, a P/E ratio of 16.72, a P/E/G ratio of 4.21 and a beta of 0.48. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. The company’s fifty day moving average price is $441.34 and its 200-day moving average price is $444.04. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $480.92.

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, beating analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $6.43 EPS. On average, sell-side analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current year.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. 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. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of analyst reports. Morgan Stanley dropped their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” 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 boosted their price target for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. The Goldman Sachs Group dropped their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday. Royal Bank of Canada lowered their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $479.90.

About Lockheed Martin

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.