Lockheed Martin Corporation (NYSE:LMT): Are Hedge Funds Right About This Stock?

Lockheed Martin Corporation (NYSE:LMT) shareholders have witnessed a decrease in support from the world’s most elite money managers recently.

Lockheed Martin Corporation (NYSE:LMT)

At the moment, there are plenty of methods shareholders can use to watch Mr. Market. A couple of the best are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best investment managers can outclass the market by a very impressive margin (see just how much).

Just as integral, positive insider trading sentiment is another way to parse down the investments you’re interested in. As the old adage goes: there are plenty of reasons for an executive to drop shares of his or her company, but just one, very clear reason why they would initiate a purchase. Plenty of empirical studies have demonstrated the valuable potential of this tactic if investors understand where to look (learn more here).

Keeping this in mind, we’re going to take a gander at the latest action surrounding Lockheed Martin Corporation (NYSE:LMT).

What have hedge funds been doing with Lockheed Martin Corporation (NYSE:LMT)?

At the end of the fourth quarter, a total of 34 of the hedge funds we track were long in this stock, a change of -3% from the third quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were boosting their stakes significantly.

When looking at the hedgies we track, First Eagle Investment Management, managed by Jean-Marie Eveillard, holds the largest position in Lockheed Martin Corporation (NYSE:LMT). First Eagle Investment Management has a $418 million billion position in the stock, comprising 1.5% of its 13F portfolio. Coming in second is Citadel Investment Group, managed by Ken Griffin, which held a $111 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Some other hedge funds with similar optimism include John Shapiro’s Chieftain Capital, Ron Gutfleish’s Elm Ridge Capital and D. E. Shaw’s D E Shaw.

Since Lockheed Martin Corporation (NYSE:LMT) has experienced declining sentiment from hedge fund managers, it’s easy to see that there lies a certain “tier” of funds that slashed their positions entirely last quarter. It’s worth mentioning that Peter Adam Hochfelder’s Brahman Capital cut the biggest position of the “upper crust” of funds we key on, worth about $56 million in call options. Phill Gross and Robert Atchinson’s fund, Adage Capital Management, also dumped its stock, about $52 million worth. These bearish behaviors are interesting, as total hedge fund interest dropped by 1 funds last quarter.

How are insiders trading Lockheed Martin Corporation (NYSE:LMT)?

Insider purchases made by high-level executives is best served when the company in question has experienced transactions within the past half-year. Over the last six-month time frame, Lockheed Martin Corporation (NYSE:LMT) has experienced zero unique insiders buying, and 3 insider sales (see the details of insider trades here).

With the returns shown by the aforementioned tactics, everyday investors should always pay attention to hedge fund and insider trading sentiment, and Lockheed Martin Corporation (NYSE:LMT) is an important part of this process.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!