Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC boosted its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 14.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,246 shares of the aerospace company's stock after acquiring an additional 8,059 shares during the period. Lord Abbett & CO. LLC's holdings in Lockheed Martin were worth $30,734,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LMT. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Lockheed Martin by 51.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock worth $4,630,000 after purchasing an additional 3,247 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in Lockheed Martin by 2.2% during the 4th quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock worth $44,770,000 after buying an additional 2,011 shares during the last quarter. Brady Martz Wealth Solutions LLC acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $1,266,000. World Investment Advisors LLC increased its holdings in shares of Lockheed Martin by 55.1% in the 3rd quarter. World Investment Advisors LLC now owns 6,468 shares of the aerospace company's stock valued at $3,781,000 after acquiring an additional 2,297 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Lockheed Martin by 11.0% during the 4th quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company's stock valued at $24,906,000 after acquiring an additional 5,075 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $0.47 on Tuesday, hitting $475.82. The company's stock had a trading volume of 897,053 shares, compared to its average volume of 1,252,278. The company has a market capitalization of $111.48 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a 12 month low of $418.88 and a 12 month high of $618.95. The stock's 50-day moving average is $456.67 and its two-hundred day moving average is $490.01.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The firm had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. On average, equities research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Insider Buying and Selling

In other news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares in the company, valued at $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock valued at $3,155,916 over the last quarter. Corporate insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent research reports. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective for the company in a research report on Wednesday, April 23rd. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a research note on Wednesday, April 16th. UBS Group lifted their target price on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of "Moderate Buy" and an average price target of $544.79.

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.