Lockheed Martin Co. (NYSE:LMT) Stock Position Decreased by Demars Financial Group LLC

Demars Financial Group LLC cut its position in shares of Lockheed Martin Co. (NYSE:LMT) by 75.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,471 shares of the aerospace company’s stock after selling 7,736 shares during the period. Lockheed Martin accounts for about 0.6% of Demars Financial Group LLC’s investment portfolio, making the stock its 18th largest position. Demars Financial Group LLC’s holdings in Lockheed Martin were worth $1,120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMT. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares during the last quarter. Activest Wealth Management increased its holdings in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the last quarter. Milestone Investment Advisors LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter valued at about $33,000. Iron Horse Wealth Management LLC increased its holdings in shares of Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 77 shares during the last quarter. Finally, Providence Capital Advisors LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter valued at about $35,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LMT has been the topic of a number of analyst reports. UBS Group lowered their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their target price on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Susquehanna lowered their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Citigroup lowered their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Finally, Royal Bank of Canada lowered their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $475.80.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,874 shares of company stock worth $7,249,946. 0.14% of the stock is currently owned by insiders.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $458.27 on Wednesday. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The company has a market capitalization of $110.21 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $480.92. The business has a 50 day simple moving average of $441.34 and a 200 day simple moving average of $444.04.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter last year, the company earned $6.43 EPS. Lockheed Martin’s revenue was up 13.7% on a year-over-year basis. On average, sell-side analysts forecast that Lockheed Martin Co. will post 26.13 EPS for the current fiscal 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.