Legal Advantage Investments Inc. Lowers Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Legal Advantage Investments Inc. lessened its position in Lockheed Martin Co. (NYSE:LMT) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,395 shares of the aerospace company’s stock after selling 50 shares during the quarter. Legal Advantage Investments Inc.’s holdings in Lockheed Martin were worth $1,650,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin in the third quarter valued at approximately $26,000. Mattson Financial Services LLC purchased a new position in shares of Lockheed Martin in the second quarter valued at approximately $27,000. Burkett Financial Services LLC purchased a new position in shares of Lockheed Martin in the third quarter valued at approximately $32,000. Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin in the third quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin in the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Citigroup increased their price target on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Susquehanna cut their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company cut their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Finally, Royal Bank of Canada cut their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $584.40.

Lockheed Martin Trading Up 0.8 %

Shares of NYSE LMT opened at $490.60 on Tuesday. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve 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 has a fifty day simple moving average of $504.80 and a 200-day simple moving average of $536.03. The stock has a market capitalization of $116.29 billion, a PE ratio of 17.76, a PEG ratio of 3.96 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $6.77 earnings per share. On average, equities analysts forecast that Lockheed Martin Co. will post 26.8 earnings per share for the current 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.