Demars Financial Group LLC Cuts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Demars Financial Group LLC trimmed its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 75.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,471 shares of the aerospace company’s stock after selling 7,736 shares during the period. Lockheed Martin comprises approximately 0.6% of Demars Financial Group LLC’s portfolio, making the stock its 18th largest position. Demars Financial Group LLC’s holdings in Lockheed Martin were worth $1,120,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Stockman Wealth Management Inc. boosted its position in Lockheed Martin by 1.8% during the fourth quarter. Stockman Wealth Management Inc. now owns 16,599 shares of the aerospace company’s stock valued at $7,523,000 after buying an additional 292 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Lockheed Martin by 36.9% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,346 shares of the aerospace company’s stock worth $1,437,000 after purchasing an additional 902 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Lockheed Martin by 364.0% during the fourth quarter. Larson Financial Group LLC now owns 116 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 91 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of Lockheed Martin during the fourth quarter worth about $206,000. Finally, Foster & Motley Inc. boosted its holdings in shares of Lockheed Martin by 9.7% during the fourth quarter. Foster & Motley Inc. now owns 10,148 shares of the aerospace company’s stock worth $4,599,000 after purchasing an additional 900 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Gregory M. Ulmer sold 6,204 shares of the firm’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 completion of the sale, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,874 shares of company stock valued at $7,249,946. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $458.27 on Wednesday. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $480.92. The company has a 50 day simple moving average of $441.34 and a two-hundred day simple moving average of $444.04. The company has a market capitalization of $110.21 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 4.21 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21.

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 analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter last year, the firm earned $6.43 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. Analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LMT. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. The Goldman Sachs Group dropped their target price on shares of 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 objective 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. Citigroup lowered their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Finally, Morgan Stanley lowered their price objective 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 issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus target price of $475.80.

About Lockheed Martin

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.