Jackson Hole Capital Partners LLC Has $4.34 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Jackson Hole Capital Partners LLC grew its position in Lockheed Martin Co. (NYSE:LMT) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,580 shares of the aerospace company’s stock after buying an additional 408 shares during the quarter. Lockheed Martin makes up approximately 1.1% of Jackson Hole Capital Partners LLC’s portfolio, making the stock its 20th largest position. Jackson Hole Capital Partners LLC’s holdings in Lockheed Martin were worth $4,342,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 27 shares during the period. Activest Wealth Management boosted its holdings in shares of 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 period. Milestone Investment Advisors LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth approximately $33,000. Providence Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth approximately $35,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 77 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on LMT. Susquehanna decreased 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. Morgan Stanley decreased their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” 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 raised their price objective for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Royal Bank of Canada cut their price objective on shares of 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, Citigroup raised their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $6.05 on Thursday, reaching $465.19. The stock had a trading volume of 927,138 shares, compared to its average volume of 1,171,864. The business’s 50-day moving average price is $443.00 and its two-hundred day moving average price is $444.29. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.03 and a current ratio of 1.30. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The stock has a market cap of $111.87 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 net margin of 9.73% and a return on equity of 85.96%. The business had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same period in the previous year, the company earned $6.43 earnings per share. Lockheed Martin’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, sell-side analysts forecast that Lockheed Martin Co. will post 26.04 EPS for the current year.

Insider Transactions at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO John Frank A. St sold 6,648 shares of the company’s 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is owned by 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.