Guyasuta Investment Advisors Inc. Boosts Stake in Lockheed Martin Co. (NYSE:LMT)

Guyasuta Investment Advisors Inc. raised its position in Lockheed Martin Co. (NYSE:LMT) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,058 shares of the aerospace company’s stock after buying an additional 68 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Lockheed Martin were worth $2,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Activest Wealth Management raised its stake in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 60 shares during the period. Milestone Investment Advisors LLC acquired a new stake in Lockheed Martin during the third quarter worth about $33,000. Iron Horse Wealth Management LLC raised its stake in Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 77 shares during the period. Finally, Providence Capital Advisors LLC acquired a new stake in Lockheed Martin during the third quarter worth about $35,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

NYSE:LMT traded up $4.31 during midday trading on Monday, reaching $465.60. The stock had a trading volume of 321,900 shares, compared to its average volume of 1,157,403. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The firm’s fifty day simple moving average is $443.74 and its 200-day simple moving average is $444.58. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The stock has a market capitalization of $111.72 billion, a P/E ratio of 17.04, a PEG ratio of 4.22 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $16.04 billion. During the same period last year, the business posted $6.43 EPS. Lockheed Martin’s revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts forecast that Lockheed Martin Co. will post 26.16 EPS for the current fiscal year.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were 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 SEC, which can be accessed through this link. In other news, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin 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 sale, 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 is available through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated 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. In the last three months, insiders have sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LMT shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday. UBS Group increased their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Royal Bank of Canada reduced 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 report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $475.00 to $518.00 in a report on Monday, April 15th. Finally, Morgan Stanley reduced their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently 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.