Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Bank of New Hampshire

Bank of New Hampshire increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 943 shares of the aerospace company’s stock after purchasing an additional 47 shares during the period. Bank of New Hampshire’s holdings in Lockheed Martin were worth $427,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Triumph Capital Management raised its stake in shares of Lockheed Martin by 3.1% during the 3rd quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock worth $296,000 after purchasing an additional 22 shares in the last quarter. Abbrea Capital LLC raised its stake in shares of Lockheed Martin by 1.7% in the 3rd quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock valued at $571,000 after acquiring an additional 23 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in Lockheed Martin by 1.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock valued at $584,000 after buying an additional 23 shares during the last quarter. Duncker Streett & Co. Inc. grew its holdings in Lockheed Martin by 1.2% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock valued at $823,000 after buying an additional 24 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA grew its holdings in Lockheed Martin by 0.7% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 3,375 shares of the aerospace company’s stock valued at $1,380,000 after buying an additional 25 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 1.2 %

NYSE LMT traded up $5.64 on Thursday, reaching $464.78. The company had a trading volume of 926,769 shares, compared to its average volume of 1,171,860. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The stock has a market cap of $111.77 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 4.21 and a beta of 0.48. The stock’s 50 day moving average is $442.16 and its 200-day moving average is $444.14.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.43 earnings per share. Equities analysts predict that Lockheed Martin Co. will post 26.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Susquehanna lowered their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. UBS Group boosted their price target on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday. Citigroup boosted their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Wells Fargo & Company lifted their price objective on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $485.40.

Insider Transactions at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock valued at $7,249,946 over the last three months. Company insiders own 0.17% of the company’s stock.

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.