Wealth Alliance Advisory Group LLC Reduces Stake in Lockheed Martin Co. (NYSE:LMT)

Wealth Alliance Advisory Group LLC lowered its position in Lockheed Martin Co. (NYSE:LMT) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,660 shares of the aerospace company’s stock after selling 96 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Lockheed Martin were worth $807,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LMT. Moss Adams Wealth Advisors LLC grew its position in Lockheed Martin by 10.9% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 531 shares of the aerospace company’s stock valued at $258,000 after buying an additional 52 shares during the period. Monarch Capital Management Inc. boosted its stake in shares of Lockheed Martin by 11.9% during the 4th quarter. Monarch Capital Management Inc. now owns 2,428 shares of the aerospace company’s stock worth $1,180,000 after acquiring an additional 258 shares during the last quarter. IAM Advisory LLC grew its position in shares of Lockheed Martin by 1.3% during the 4th quarter. IAM Advisory LLC now owns 4,136 shares of the aerospace company’s stock valued at $2,010,000 after acquiring an additional 55 shares during the period. Astoria Portfolio Advisors LLC. increased its stake in shares of Lockheed Martin by 3.4% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,846 shares of the aerospace company’s stock worth $1,379,000 after purchasing an additional 94 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its holdings in Lockheed Martin by 8.4% in the 4th quarter. Financial Management Professionals Inc. now owns 1,479 shares of the aerospace company’s stock worth $719,000 after purchasing an additional 115 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Royal Bank of Canada reduced their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. UBS Group raised their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. TD Cowen lifted their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial started coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $584.40.

Lockheed Martin Trading Up 0.8 %

LMT stock opened at $490.60 on Friday. The firm has a fifty day moving average price of $504.80 and a 200 day moving average price of $535.05. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The firm has a market cap of $116.29 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48. 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 issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share 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 company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same period in the previous year, the firm posted $6.77 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Sell-side analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share 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.