Crescent Sterling Ltd. Grows Position in Lockheed Martin Co. (NYSE:LMT)

Crescent Sterling Ltd. raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 26.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,481 shares of the aerospace company’s stock after buying an additional 312 shares during the quarter. Crescent Sterling Ltd.’s holdings in Lockheed Martin were worth $674,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LMT. Connecticut Wealth Management LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth $261,000. KG&L Capital Management LLC boosted its position in shares of Lockheed Martin by 53.1% during the 3rd quarter. KG&L Capital Management LLC now owns 718 shares of the aerospace company’s stock valued at $294,000 after acquiring an additional 249 shares during the last quarter. Oak Family Advisors LLC boosted its position in shares of Lockheed Martin by 20.4% during the 3rd quarter. Oak Family Advisors LLC now owns 1,657 shares of the aerospace company’s stock valued at $678,000 after acquiring an additional 281 shares during the last quarter. Plimoth Trust Co. LLC boosted its position in shares of Lockheed Martin by 3.6% during the 3rd quarter. Plimoth Trust Co. LLC now owns 4,636 shares of the aerospace company’s stock valued at $1,896,000 after acquiring an additional 161 shares during the last quarter. Finally, Lake Street Financial LLC boosted its position in shares of Lockheed Martin by 4.6% during the 3rd quarter. Lake Street Financial LLC now owns 2,801 shares of the aerospace company’s stock valued at $1,151,000 after acquiring an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.6 %

Shares of LMT traded down $2.62 during mid-day trading on Tuesday, hitting $464.93. 707,768 shares of the company’s stock were exchanged, compared to its average volume of 1,159,886. The company has a market cap of $111.56 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 4.22 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The stock’s 50-day moving average is $445.43 and its 200-day moving average is $444.99.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.53. The business had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.43 earnings per share. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 26.16 earnings per share for the current fiscal year.

Insider Transactions at Lockheed Martin

In related news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO John Frank A. St sold 6,648 shares of the company’s 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LMT has been the topic of several recent research reports. Morgan Stanley lowered their price target on shares of 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. Citigroup boosted their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada lowered their price target 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. The Goldman Sachs Group decreased their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. Finally, Wells Fargo & Company upped their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average target price of $485.40.

Lockheed Martin 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.