Dynamic Advisor Solutions LLC Sells 194 Shares of Lockheed Martin Co. (NYSE:LMT)

Dynamic Advisor Solutions LLC lowered its stake in Lockheed Martin Co. (NYSE:LMT) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,540 shares of the aerospace company’s stock after selling 194 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Lockheed Martin were worth $5,122,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. Public Sector Pension Investment Board increased its stake in Lockheed Martin by 110.2% in the second quarter. Public Sector Pension Investment Board now owns 7,847 shares of the aerospace company’s stock valued at $3,665,000 after acquiring an additional 4,114 shares during the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at $300,000. Dark Forest Capital Management LP boosted its holdings in shares of Lockheed Martin by 56.1% in the 2nd quarter. Dark Forest Capital Management LP now owns 1,044 shares of the aerospace company’s stock valued at $488,000 after purchasing an additional 375 shares in the last quarter. MBB Public Markets I LLC increased its stake in shares of Lockheed Martin by 2,674.4% in the 2nd quarter. MBB Public Markets I LLC now owns 15,398 shares of the aerospace company’s stock valued at $7,192,000 after purchasing an additional 14,843 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Lockheed Martin by 1.3% during the 2nd quarter. Mackenzie Financial Corp now owns 125,730 shares of the aerospace company’s stock worth $58,728,000 after buying an additional 1,654 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $496.96 on Friday. The firm has a market cap of $117.80 billion, a P/E ratio of 17.99, a P/E/G ratio of 4.05 and a beta of 0.48. The stock’s 50 day moving average is $499.24 and its 200 day moving average is $536.23. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the prior year, the firm posted $6.77 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, research analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Susquehanna lowered their target price 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. Robert W. Baird upped their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. Finally, StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $577.73.

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.