Lockheed Martin Co. (NYSE:LMT) Shares Sold by FLC Capital Advisors

FLC Capital Advisors cut its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 994 shares of the aerospace company’s stock after selling 46 shares during the quarter. FLC Capital Advisors’ holdings in Lockheed Martin were worth $483,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LMT. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the third quarter valued at about $26,000. Burkett Financial Services LLC purchased a new stake in Lockheed Martin in the third quarter valued at approximately $32,000. Mattson Financial Services LLC purchased a new position in Lockheed Martin during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin during the 3rd quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at $42,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $490.60 on Monday. The business’s 50 day moving average price is $504.80 and its 200-day moving average price is $535.54. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market capitalization of $116.29 billion, a PE ratio of 17.76, a P/E/G ratio of 3.76 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion during 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 period in the prior year, the business earned $6.77 earnings per share. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on LMT. Susquehanna lowered their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Truist Financial began coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Robert W. Baird lifted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, Barclays lowered their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. One investment 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.