VCI Wealth Management LLC Acquires New Position in Lockheed Martin Co. (NYSE:LMT)

VCI Wealth Management LLC purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 552 shares of the aerospace company’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Lockheed Martin by 1.3% in the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after buying an additional 279,162 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Lockheed Martin by 1.8% during 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 acquiring an additional 97,916 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Lockheed Martin by 4.0% during the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock valued at $1,291,816,000 after acquiring an additional 121,358 shares in the last quarter. Northern Trust Corp boosted its position 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 valued at $976,751,000 after buying an additional 91,109 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Lockheed Martin by 2.4% during 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 institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LMT. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Citigroup boosted their target price on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday. Susquehanna lowered their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Finally, Morgan Stanley reduced their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $485.40.

Insider Activity

In other news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction that occurred 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 SEC, which is available 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. Insiders sold 16,874 shares of company stock worth $7,249,946 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Performance

LMT stock traded down $3.50 during trading on Friday, hitting $461.28. The company had a trading volume of 857,663 shares, compared to its average volume of 1,167,992. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The firm has a 50-day moving average price of $443.00 and a 200-day moving average price of $444.29. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The firm has a market cap of $110.68 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 4.20 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The firm had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.43 EPS. On average, analysts expect that Lockheed Martin Co. will post 26.04 earnings per share for the current year.

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.