Lockheed Martin Co. (NYSE:LMT) Stake Trimmed by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC cut its position in shares of Lockheed Martin Co. (NYSE:LMT) by 42.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 29,660 shares of the aerospace company’s stock after selling 21,448 shares during the period. Alpha Cubed Investments LLC’s holdings in Lockheed Martin were worth $14,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin during the third quarter valued at $26,000. Mattson Financial Services LLC acquired a new stake in Lockheed Martin during the 2nd quarter worth about $27,000. Burkett Financial Services LLC purchased a new position in Lockheed Martin during the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin in the third quarter worth approximately $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

NYSE LMT opened at $490.60 on Tuesday. The company has a market cap of $116.29 billion, a P/E ratio of 17.76, a P/E/G ratio of 3.96 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The company has a fifty day simple moving average of $503.20 and a 200 day simple moving average of $536.20.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results 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. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same period last year, the business posted $6.77 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.8 EPS for the current year.

Wall Street Analysts Forecast Growth

LMT has been the topic of several research reports. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Barclays dropped their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. 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 report on Thursday, January 16th. UBS Group upped their target price on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen lifted their price target on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $584.40.

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.