Lockheed Martin Co. (NYSE:LMT) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC lowered its stake in Lockheed Martin Co. (NYSE:LMT) by 2.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,504 shares of the aerospace company’s stock after selling 36 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Lockheed Martin were worth $731,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $26,000. Burkett Financial Services LLC acquired a new stake in Lockheed Martin during the 3rd quarter valued at approximately $32,000. Mattson Financial Services LLC acquired a new stake in Lockheed Martin during the 2nd quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin during the 3rd quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.8 %

Shares of NYSE LMT opened at $490.60 on Friday. The company has a market cap of $116.29 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month 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 stock’s 50 day simple moving average is $506.28 and its 200 day simple moving average is $534.89.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping 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 business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter last year, the business posted $6.77 EPS. The business’s revenue was up 1.3% on a year-over-year basis. Equities research analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current year.

Analyst Ratings Changes

LMT has been the subject of a number of recent analyst reports. Truist Financial initiated coverage on Lockheed Martin in a research note on Tuesday. They set a “buy” rating and a $579.00 price objective for the company. 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 note on Wednesday, January 8th. Royal Bank of Canada lowered their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Citigroup increased their target price on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, UBS Group increased their target price on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $584.40.

Lockheed Martin Company 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.