Goelzer Investment Management Inc. Trims Position in Lockheed Martin Co. (NYSE:LMT)

Goelzer Investment Management Inc. decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,926 shares of the aerospace company’s stock after selling 330 shares during the quarter. Lockheed Martin makes up 0.8% of Goelzer Investment Management Inc.’s holdings, making the stock its 15th largest holding. Goelzer Investment Management Inc.’s holdings in Lockheed Martin were worth $14,056,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LMT. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin in the third quarter worth about $26,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin in the third quarter worth $32,000. Mattson Financial Services LLC purchased a new stake in Lockheed Martin during the second quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin in the 3rd quarter worth $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth about $42,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the subject of a number of analyst reports. TD Cowen increased their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Truist Financial started coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Susquehanna dropped their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Finally, Robert W. Baird upped their price objective on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $577.73.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $496.96 on Friday. 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 company has a market capitalization of $117.80 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The firm has a 50 day moving average of $500.00 and a 200 day moving average of $535.98. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95.

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, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same period in the prior year, the business posted $6.77 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

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.