Lockheed Martin Co. (NYSE:LMT) Stock Holdings Lessened by LongView Wealth Management

LongView Wealth Management lessened its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 7.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 536 shares of the aerospace company’s stock after selling 44 shares during the period. LongView Wealth Management’s holdings in Lockheed Martin were worth $260,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LMT. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $26,000. Mattson Financial Services LLC purchased a new stake in Lockheed Martin during the second quarter valued at about $27,000. Burkett Financial Services LLC acquired a new position in shares of Lockheed Martin in the third quarter worth about $32,000. Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin in the third quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin during the third quarter valued at approximately $42,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

NYSE LMT opened at $490.60 on Friday. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The stock’s 50-day moving average is $504.80 and its two-hundred day moving average is $535.05. The firm has a market cap of $116.29 billion, a P/E 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 current ratio of 1.30 and a quick ratio of 1.12.

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, beating analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $6.77 EPS. On average, analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Citigroup upped their price target on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Royal Bank of Canada dropped their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. One equities research 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 stock. Based on data from MarketBeat, Lockheed Martin presently has an average 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.