Pure Financial Advisors LLC Cuts Stake in Lockheed Martin Co. (NYSE:LMT)

Pure Financial Advisors LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 3.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,711 shares of the aerospace company’s stock after selling 128 shares during the quarter. Pure Financial Advisors LLC’s holdings in Lockheed Martin were worth $1,803,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Tudor Financial Inc. grew its holdings in shares of Lockheed Martin by 13.7% in the fourth quarter. Tudor Financial Inc. now owns 1,084 shares of the aerospace company’s stock worth $527,000 after purchasing an additional 131 shares during the last quarter. LaFleur & Godfrey LLC boosted its position in Lockheed Martin by 18.0% during the 4th quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company’s stock valued at $562,000 after buying an additional 176 shares during the period. Zhang Financial LLC bought a new stake in Lockheed Martin in the 4th quarter worth $1,001,000. Penn Davis Mcfarland Inc. increased its position in shares of Lockheed Martin by 0.3% in the fourth quarter. Penn Davis Mcfarland Inc. now owns 47,059 shares of the aerospace company’s stock valued at $22,868,000 after acquiring an additional 118 shares during the period. Finally, Stokes Capital Advisors LLC raised its stake in shares of Lockheed Martin by 1.7% during the fourth quarter. Stokes Capital Advisors LLC now owns 12,738 shares of the aerospace company’s stock valued at $6,190,000 after acquiring an additional 214 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Up 0.8 %

Shares of Lockheed Martin stock opened at $490.60 on Tuesday. The company has a 50-day simple moving average of $504.80 and a two-hundred day simple moving average of $536.03. The stock has a market capitalization of $116.29 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 3.96 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. 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 released 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 business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $6.77 EPS. On average, analysts anticipate that Lockheed Martin Co. will post 26.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Robert W. Baird boosted their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. TD Cowen raised their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. UBS Group boosted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Susquehanna lowered their price objective on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.