Phoenix Wealth Advisors Sells 28 Shares of Lockheed Martin Co. (NYSE:LMT)

Phoenix Wealth Advisors reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,129 shares of the aerospace company’s stock after selling 28 shares during the quarter. Phoenix Wealth Advisors’ holdings in Lockheed Martin were worth $549,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. West Branch Capital LLC increased its stake in Lockheed Martin by 4.1% during the fourth quarter. West Branch Capital LLC now owns 2,019 shares of the aerospace company’s stock worth $981,000 after acquiring an additional 79 shares during the last quarter. MBM Wealth Consultants LLC grew its stake in shares of Lockheed Martin by 2.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 2,929 shares of the aerospace company’s stock valued at $1,412,000 after buying an additional 73 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Lockheed Martin by 45.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 130,787 shares of the aerospace company’s stock valued at $63,555,000 after buying an additional 40,970 shares during the last quarter. Simon Quick Advisors LLC grew its stake in shares of Lockheed Martin by 14.1% during the fourth quarter. Simon Quick Advisors LLC now owns 1,079 shares of the aerospace company’s stock valued at $524,000 after buying an additional 133 shares during the last quarter. Finally, Perfromance Wealth Partners LLC grew its stake in shares of Lockheed Martin by 6.8% during the fourth quarter. Perfromance Wealth Partners LLC now owns 987 shares of the aerospace company’s stock valued at $480,000 after buying an additional 63 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Up 3.3 %

Lockheed Martin stock opened at $506.57 on Wednesday. The business has a fifty day moving average of $502.01 and a two-hundred day moving average of $536.51. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The firm has a market cap of $120.08 billion, a P/E ratio of 18.34, a P/E/G ratio of 3.96 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The company 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.77 earnings per share. On average, analysts forecast that Lockheed Martin Co. will post 26.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. UBS Group upped their target price on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada cut their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. TD Cowen boosted their price target on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup lowered their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday. One investment 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. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average 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.