Northwestern Mutual Wealth Management Co. Boosts Holdings in Lockheed Martin Co. (NYSE:LMT)

Northwestern Mutual Wealth Management Co. grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.7% in the second quarter, Holdings Channel reports. The firm owned 49,353 shares of the aerospace company’s stock after purchasing an additional 338 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Lockheed Martin were worth $23,063,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Silver Lake Advisory LLC purchased a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $578,000. Copperwynd Financial LLC increased its position in shares of Lockheed Martin by 22.3% in the second quarter. Copperwynd Financial LLC now owns 549 shares of the aerospace company’s stock worth $256,000 after purchasing an additional 100 shares during the last quarter. Creative Planning raised its stake in Lockheed Martin by 5.5% in the second quarter. Creative Planning now owns 103,065 shares of the aerospace company’s stock valued at $48,142,000 after purchasing an additional 5,390 shares in the last quarter. Buck Wealth Strategies LLC bought a new stake in Lockheed Martin during the second quarter valued at approximately $6,611,000. Finally, Algert Global LLC purchased a new position in Lockheed Martin in the 2nd quarter worth approximately $277,000. Institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the transaction, the insider now directly owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Price Performance

LMT stock opened at $584.44 on Tuesday. The stock has a market capitalization of $140.23 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 4.66 and a beta of 0.47. The firm’s 50-day moving average price is $558.55 and its two-hundred day moving average price is $495.31. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $584.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. The business had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. Lockheed Martin’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.73 EPS. As a group, equities analysts predict that Lockheed Martin Co. will post 26.65 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on LMT shares. Deutsche Bank Aktiengesellschaft raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $540.00 to $600.00 in a report on Friday, July 26th. Bank of America reaffirmed a “buy” rating and set a $635.00 price target on shares of Lockheed Martin in a research note on Friday, August 30th. Morgan Stanley increased their price objective on Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. UBS Group boosted their target price on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Barclays lifted their price target on shares of Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $553.43.

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.