Kovack Advisors Inc. Purchases 294 Shares of Lockheed Martin Co. (NYSE:LMT)

Kovack Advisors Inc. raised its position in Lockheed Martin Co. (NYSE:LMT) by 11.3% during the fourth quarter, Holdings Channel reports. The fund owned 2,907 shares of the aerospace company’s stock after acquiring an additional 294 shares during the period. Kovack Advisors Inc.’s holdings in Lockheed Martin were worth $1,317,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of LMT. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after buying an additional 27 shares during the period. Activest Wealth Management raised its stake in shares of Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after buying an additional 60 shares during the period. Milestone Investment Advisors LLC bought a new position in shares of Lockheed Martin in the third quarter worth about $33,000. Iron Horse Wealth Management LLC raised its stake in shares of Lockheed Martin by 1,925.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after buying an additional 77 shares during the period. Finally, Providence Capital Advisors LLC bought a new stake in Lockheed Martin during the 3rd quarter valued at approximately $35,000. Institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In other news, insider Gregory M. Ulmer sold 6,204 shares of the business’s 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 completion of the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. In the last three months, insiders sold 16,874 shares of company stock valued at $7,249,946. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Trading Down 0.8 %

LMT traded down $3.49 during trading hours on Friday, reaching $461.29. 857,964 shares of the company’s stock traded hands, compared to its average volume of 1,102,151. The firm has a 50-day moving average price of $443.74 and a 200 day moving average price of $444.46. 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 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.

Lockheed Martin (NYSE:LMT) last issued 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. The business had revenue of $17.20 billion during the quarter, compared to analyst estimates 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 was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $6.43 EPS. As a group, sell-side analysts predict that Lockheed Martin Co. will post 26.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday. Wells Fargo & Company lifted their target price on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday. Susquehanna decreased their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada decreased their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $485.40.

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.