Lockheed Martin Co. (NYSE:LMT) Shares Sold by DB Fitzpatrick & Co Inc

DB Fitzpatrick & Co Inc trimmed its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,439 shares of the aerospace company’s stock after selling 191 shares during the period. DB Fitzpatrick & Co Inc’s holdings in Lockheed Martin were worth $1,185,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC increased its stake in Lockheed Martin by 60,592.0% in the third quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company’s stock valued at $911,433,000 after purchasing an additional 1,556,609 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in Lockheed Martin by 124.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company’s stock valued at $263,561,000 after buying an additional 249,591 shares during the period. Wellington Management Group LLP boosted its position in shares of Lockheed Martin by 8.5% in the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock worth $1,797,437,000 after acquiring an additional 240,306 shares during the last quarter. FMR LLC grew its holdings in Lockheed Martin by 6.6% in the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock valued at $1,981,088,000 after purchasing an additional 209,591 shares during the period. Finally, Legal & General Group Plc increased its position in Lockheed Martin by 14.9% during the second quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company’s stock worth $646,828,000 after purchasing an additional 180,074 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a report on Thursday. Susquehanna reduced their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Citigroup raised their price objective on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company cut their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Finally, StockNews.com downgraded 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 issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $584.40.

Lockheed Martin Trading Up 0.8 %

NYSE LMT opened at $490.60 on Friday. The company has a market capitalization of $116.29 billion, a price-to-earnings 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 Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The company’s fifty day moving average price is $506.28 and its two-hundred day moving average price is $534.89.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $6.77 earnings per share. As a group, research analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

About Lockheed Martin

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.