Headlands Technologies LLC Sells 526 Shares of Lockheed Martin Co. (NYSE:LMT)

Headlands Technologies LLC lessened its position in Lockheed Martin Co. (NYSE:LMT) by 46.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 610 shares of the aerospace company’s stock after selling 526 shares during the period. Headlands Technologies LLC’s holdings in Lockheed Martin were worth $276,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Connecticut Wealth Management LLC acquired a new position in shares of Lockheed Martin in the third quarter valued at approximately $261,000. KG&L Capital Management LLC boosted its holdings in shares of Lockheed Martin by 53.1% in the third quarter. KG&L Capital Management LLC now owns 718 shares of the aerospace company’s stock valued at $294,000 after buying an additional 249 shares during the period. Oak Family Advisors LLC boosted its holdings in shares of Lockheed Martin by 20.4% in the third quarter. Oak Family Advisors LLC now owns 1,657 shares of the aerospace company’s stock valued at $678,000 after buying an additional 281 shares during the period. Plimoth Trust Co. LLC boosted its holdings in shares of Lockheed Martin by 3.6% in the third quarter. Plimoth Trust Co. LLC now owns 4,636 shares of the aerospace company’s stock valued at $1,896,000 after buying an additional 161 shares during the period. Finally, Lake Street Financial LLC boosted its holdings in shares of Lockheed Martin by 4.6% in the third quarter. Lake Street Financial LLC now owns 2,801 shares of the aerospace company’s stock valued at $1,151,000 after buying an additional 123 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $461.29 on Friday. The firm has a market capitalization of $110.68 billion, a PE ratio of 16.88, a PEG ratio of 4.22 and a beta of 0.48. The company’s 50-day moving average is $443.74 and its 200-day moving average is $444.53. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.03.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 company had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same period in the prior year, the firm earned $6.43 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. Equities analysts forecast that Lockheed Martin Co. will post 26.16 EPS for the current year.

Insider Buying and Selling

In related news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s 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 of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction dated 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. Also, insider Gregory M. Ulmer sold 6,204 shares of the firm’s 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 completion of the transaction, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on LMT. Susquehanna reduced their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” 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 increased their target price for the stock from $475.00 to $518.00 in a report on Monday, April 15th. UBS Group increased their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, Royal Bank of Canada cut their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company 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 issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.