Paradigm Financial Partners LLC Boosts Stake in Lockheed Martin Co. (NYSE:LMT)

Paradigm Financial Partners LLC raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,308 shares of the aerospace company’s stock after buying an additional 335 shares during the quarter. Paradigm Financial Partners LLC’s holdings in Lockheed Martin were worth $2,406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Transcend Capital Advisors LLC boosted its holdings in shares of Lockheed Martin by 7.8% in the 4th quarter. Transcend Capital Advisors LLC now owns 1,489 shares of the aerospace company’s stock worth $675,000 after purchasing an additional 108 shares in the last quarter. Opinicus Capital Inc. bought a new position in Lockheed Martin during the 4th quarter valued at approximately $396,000. Matrix Trust Co raised its position in Lockheed Martin by 54.6% during the 4th quarter. Matrix Trust Co now owns 3,681 shares of the aerospace company’s stock valued at $1,668,000 after purchasing an additional 1,300 shares during the last quarter. Unique Wealth Strategies LLC bought a new position in Lockheed Martin during the 4th quarter valued at approximately $596,000. Finally, Russell Investments Group Ltd. raised its position in Lockheed Martin by 72.4% during the 4th quarter. Russell Investments Group Ltd. now owns 49,054 shares of the aerospace company’s stock valued at $22,230,000 after purchasing an additional 20,594 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on LMT. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday. Morgan Stanley reduced their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. UBS Group upped their target price on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup upped their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group reduced their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $485.40.

Insider Buying and Selling at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was 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 a total of 16,874 shares of company stock valued at $7,249,946 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Stock Down 0.8 %

Shares of Lockheed Martin stock traded down $3.49 during midday trading on Friday, hitting $461.29. The company had a trading volume of 857,964 shares, compared to its average volume of 1,102,151. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.03 and a current ratio of 1.30. The stock has a market capitalization of $110.68 billion, a P/E ratio of 16.88, a P/E/G ratio of 4.22 and a beta of 0.48. The company has a 50 day moving average of $443.74 and a 200 day moving average of $444.53. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50.

Lockheed Martin (NYSE:LMT) last issued its 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. The business had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $6.43 EPS. On average, equities analysts predict that Lockheed Martin Co. will post 26.16 earnings per share for the current fiscal 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.