Lockheed Martin Co. (NYSE:LMT) Shares Sold by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,275 shares of the aerospace company’s stock after selling 267 shares during the period. Tandem Capital Management Corp ADV’s holdings in Lockheed Martin were worth $1,031,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Lockheed Martin by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after buying an additional 279,162 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Lockheed Martin by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company’s stock valued at $2,302,388,000 after purchasing an additional 97,916 shares during the period. Wellington Management Group LLP raised its stake in shares of Lockheed Martin by 4.0% in the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock worth $1,291,816,000 after purchasing an additional 121,358 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Lockheed Martin by 4.0% during the third quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company’s stock worth $976,751,000 after purchasing an additional 91,109 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Lockheed Martin by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 1,973,771 shares of the aerospace company’s stock valued at $807,193,000 after buying an additional 46,890 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

NYSE:LMT traded up $6.05 during trading hours on Thursday, reaching $465.19. 927,138 shares of the company were exchanged, compared to its average volume of 1,171,864. The stock’s 50-day moving average is $443.00 and its 200-day moving average is $444.29. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The firm has a market cap of $111.87 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.03 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, beating 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 firm had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same period last year, the company posted $6.43 EPS. Lockheed Martin’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 26.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on LMT. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. Wells Fargo & Company raised their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday. UBS Group upped their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday. Morgan Stanley reduced their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $485.40.

Insider Transactions at Lockheed Martin

In other news, insider Gregory M. Ulmer sold 6,204 shares of the company’s 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 completion of the sale, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly 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 have sold 16,874 shares of company stock valued at $7,249,946 over the last ninety days. Insiders own 0.17% of the company’s stock.

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.