Moody Lynn & Lieberson LLC Sells 274 Shares of Lockheed Martin Co. (NYSE:LMT)

Moody Lynn & Lieberson LLC reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,928 shares of the aerospace company’s stock after selling 274 shares during the quarter. Lockheed Martin makes up about 1.3% of Moody Lynn & Lieberson LLC’s portfolio, making the stock its 25th biggest holding. Moody Lynn & Lieberson LLC’s holdings in Lockheed Martin were worth $20,860,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. UBS Group lifted their price target 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. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays dropped their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Finally, StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. One research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Trading Down 0.1 %

LMT opened at $496.96 on Friday. The company’s 50 day moving average is $499.24 and its 200-day moving average is $536.23. The company has a market cap of $117.80 billion, a P/E ratio of 17.99, a PEG 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. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

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.