CX Institutional Lowers Stock Position in Lockheed Martin Co. (NYSE:LMT)

CX Institutional lessened its stake in Lockheed Martin Co. (NYSE:LMT) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,585 shares of the aerospace company’s stock after selling 600 shares during the period. CX Institutional’s holdings in Lockheed Martin were worth $9,032,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Impact Partnership Wealth LLC increased its stake in Lockheed Martin by 90.3% in the fourth quarter. Impact Partnership Wealth LLC now owns 1,210 shares of the aerospace company’s stock valued at $588,000 after acquiring an additional 574 shares during the last quarter. St. Johns Investment Management Company LLC increased its position in shares of Lockheed Martin by 5.3% during the 4th quarter. St. Johns Investment Management Company LLC now owns 2,118 shares of the aerospace company’s stock valued at $1,029,000 after purchasing an additional 107 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Lockheed Martin by 71.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,674 shares of the aerospace company’s stock valued at $814,000 after buying an additional 696 shares in the last quarter. LexAurum Advisors LLC lifted its position in Lockheed Martin by 30.8% in the 4th quarter. LexAurum Advisors LLC now owns 565 shares of the aerospace company’s stock worth $275,000 after buying an additional 133 shares during the last quarter. Finally, MFA Wealth Services purchased a new stake in Lockheed Martin in the fourth quarter worth approximately $276,000. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of several recent research reports. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. JPMorgan Chase & Co. dropped 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, January 16th. Barclays lowered their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company cut their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Finally, Citigroup dropped their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Stock Down 0.2 %

NYSE:LMT opened at $496.23 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm’s 50-day moving average price is $500.84 and its 200-day moving average price is $536.25. The company has a market capitalization of $117.63 billion, a PE ratio of 17.97, a P/E/G ratio of 4.05 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.

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

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.