Wedge Capital Management L L P NC Takes Position in Lockheed Martin Co. (NYSE:LMT)

Wedge Capital Management L L P NC acquired a new stake in Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 454 shares of the aerospace company’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently added to or reduced their stakes in LMT. Foster & Motley Inc. lifted its stake in shares of Lockheed Martin by 9.7% in the 4th quarter. Foster & Motley Inc. now owns 10,148 shares of the aerospace company’s stock valued at $4,599,000 after acquiring an additional 900 shares during the last quarter. Burt Wealth Advisors acquired a new stake in shares of Lockheed Martin during the fourth quarter valued at about $203,000. RWA Wealth Partners LLC increased its stake in shares of Lockheed Martin by 130.1% in the fourth quarter. RWA Wealth Partners LLC now owns 41,815 shares of the aerospace company’s stock valued at $18,952,000 after buying an additional 23,641 shares during the period. Sage Mountain Advisors LLC boosted its position in Lockheed Martin by 14.2% during the 4th quarter. Sage Mountain Advisors LLC now owns 1,161 shares of the aerospace company’s stock worth $526,000 after buying an additional 144 shares during the period. Finally, Greenwich Wealth Management LLC bought a new stake in Lockheed Martin during the 4th quarter worth approximately $214,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.8 %

LMT stock opened at $461.28 on Friday. The stock has a 50-day simple moving average of $443.74 and a two-hundred day simple moving average of $444.46. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The firm has a market capitalization of $110.68 billion, a PE ratio of 16.88, a PEG ratio of 4.25 and a beta of 0.48. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter 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, equities analysts predict that Lockheed Martin Co. will post 26.05 EPS for the current fiscal year.

Insider Transactions at Lockheed Martin

In related news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred 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 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. 0.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday. 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 for the company in a report on Wednesday, January 24th. Susquehanna reduced their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Morgan Stanley lowered their price objective 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 research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average price target 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.