Lockheed Martin Co. (NYSE:LMT) Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC cut its holdings in Lockheed Martin Co. (NYSE:LMT) by 5.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,581 shares of the aerospace company’s stock after selling 83 shares during the period. HBW Advisory Services LLC’s holdings in Lockheed Martin were worth $768,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. AGF Management Ltd. increased its holdings in shares of Lockheed Martin by 11.8% during the second quarter. AGF Management Ltd. now owns 7,180 shares of the aerospace company’s stock valued at $3,354,000 after purchasing an additional 757 shares during the period. PFG Advisors raised its stake in shares of Lockheed Martin by 6.5% in the 2nd quarter. PFG Advisors now owns 3,318 shares of the aerospace company’s stock worth $1,550,000 after buying an additional 202 shares in the last quarter. Vest Financial LLC lifted its holdings in shares of Lockheed Martin by 8.9% in the second quarter. Vest Financial LLC now owns 794 shares of the aerospace company’s stock valued at $371,000 after buying an additional 65 shares during the period. Nuance Investments LLC boosted its stake in Lockheed Martin by 36.0% during the second quarter. Nuance Investments LLC now owns 54,358 shares of the aerospace company’s stock valued at $25,391,000 after buying an additional 14,401 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in Lockheed Martin by 224.2% during the second quarter. Meeder Asset Management Inc. now owns 107 shares of the aerospace company’s stock worth $50,000 after acquiring an additional 74 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Susquehanna reduced their price objective on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research report on Wednesday. TD Cowen lifted their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays cut their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada decreased their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.21.

Lockheed Martin Trading Down 0.2 %

Shares of NYSE:LMT opened at $467.84 on Friday. The firm has a fifty day moving average of $511.39 and a two-hundred day moving average of $534.41. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The firm has a market capitalization of $110.89 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.77 EPS. On average, equities analysts expect that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Lockheed Martin 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.