Lockheed Martin Co. (NYSE:LMT) Shares Sold by TL Private Wealth

TL Private Wealth decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 5.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,810 shares of the aerospace company’s stock after selling 100 shares during the quarter. Lockheed Martin accounts for 0.4% of TL Private Wealth’s portfolio, making the stock its 17th biggest position. TL Private Wealth’s holdings in Lockheed Martin were worth $876,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Lockheed Martin by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,827,645 shares of the aerospace company’s stock worth $2,816,898,000 after purchasing an additional 83,997 shares during the period. FMR LLC grew its position in Lockheed Martin by 6.6% during the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock valued at $1,981,088,000 after buying an additional 209,591 shares during the period. Wellington Management Group LLP increased its holdings in Lockheed Martin by 8.5% in the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock valued at $1,797,437,000 after buying an additional 240,306 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Lockheed Martin by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company’s stock worth $902,714,000 after acquiring an additional 31,545 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Lockheed Martin by 60,592.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company’s stock worth $911,433,000 after acquiring an additional 1,556,609 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Royal Bank of Canada reduced their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Robert W. Baird lifted their price target on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target of $584.40.

Lockheed Martin Stock Up 0.8 %

LMT stock opened at $490.60 on Friday. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The firm has a market cap of $116.29 billion, a PE ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. The firm’s 50 day moving average price is $504.80 and its 200-day moving average price is $535.05. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.77 EPS. On average, equities research analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Company 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.