Intellectus Partners LLC Cuts Position in Lockheed Martin Co. (NYSE:LMT)

Intellectus Partners LLC reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,929 shares of the aerospace company’s stock after selling 1,140 shares during the period. Lockheed Martin accounts for about 1.7% of Intellectus Partners LLC’s investment portfolio, making the stock its 6th largest holding. Intellectus Partners LLC’s holdings in Lockheed Martin were worth $5,860,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Herold Advisors Inc. raised its holdings in Lockheed Martin by 8.6% in the third quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock worth $1,410,000 after buying an additional 274 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Lockheed Martin by 3.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock worth $8,624,000 after buying an additional 770 shares during the last quarter. Alethea Capital Management LLC purchased a new position in Lockheed Martin in the third quarter worth about $415,000. New Mexico Educational Retirement Board raised its holdings in Lockheed Martin by 6.4% in the third quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock worth $4,784,000 after buying an additional 700 shares during the last quarter. Finally, Gilbert & Cook Inc. raised its holdings in Lockheed Martin by 22.8% in the third quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company’s stock worth $521,000 after buying an additional 237 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LMT has been the subject of several research reports. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday. Susquehanna cut their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company upped their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Trading Down 0.8 %

Shares of LMT traded down $3.49 during midday trading on Friday, hitting $461.29. The stock had a trading volume of 857,964 shares, compared to its average volume of 1,102,151. 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 16.88, a price-to-earnings-growth ratio of 4.22 and a beta of 0.48. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.03. The stock’s 50 day moving average is $443.74 and its 200 day moving average is $444.53.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share 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 business had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter in the prior year, the firm posted $6.43 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, analysts forecast that Lockheed Martin Co. will post 26.16 EPS for the current fiscal year.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the 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 transaction, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the 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 transaction, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,874 shares of company stock worth $7,249,946. Insiders own 0.17% of the company’s stock.

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.