Citizens Financial Group Inc. RI Acquires 328 Shares of Lockheed Martin Co. (NYSE:LMT)

Citizens Financial Group Inc. RI lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,619 shares of the aerospace company’s stock after acquiring an additional 328 shares during the period. Citizens Financial Group Inc. RI’s holdings in Lockheed Martin were worth $4,813,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Spirit of America Management Corp NY lifted its position in shares of Lockheed Martin by 33.3% in the third quarter. Spirit of America Management Corp NY now owns 400 shares of the aerospace company’s stock worth $164,000 after buying an additional 100 shares in the last quarter. Connecticut Wealth Management LLC purchased a new stake in shares of Lockheed Martin in the third quarter worth about $261,000. TFG Advisers LLC lifted its position in shares of Lockheed Martin by 1.2% in the third quarter. TFG Advisers LLC now owns 2,967 shares of the aerospace company’s stock worth $1,214,000 after buying an additional 34 shares in the last quarter. Zullo Investment Group Inc. lifted its position in shares of Lockheed Martin by 8.1% in the third quarter. Zullo Investment Group Inc. now owns 1,488 shares of the aerospace company’s stock worth $609,000 after buying an additional 112 shares in the last quarter. Finally, Solidarity Wealth LLC lifted its position in shares of Lockheed Martin by 85.6% in the third quarter. Solidarity Wealth LLC now owns 8,400 shares of the aerospace company’s stock worth $3,435,000 after buying an additional 3,875 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Trading Down 0.8 %

NYSE:LMT traded down $3.49 during midday trading on Friday, hitting $461.29. The stock had a trading volume of 857,964 shares, compared to its average volume of 1,102,151. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The company has a market capitalization of $110.68 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 4.25 and a beta of 0.48. The stock has a 50-day moving average of $443.74 and a 200 day moving average of $444.46. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.53. The business had revenue of $17.20 billion for 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%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $6.43 EPS. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 26.05 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Wells Fargo & Company upped 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. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Morgan Stanley decreased their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus 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.