Lockheed Martin Co. (NYSE:LMT) Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV decreased its stake in Lockheed Martin Co. (NYSE:LMT) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,816 shares of the aerospace company’s stock after selling 99 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Lockheed Martin were worth $883,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dorsey & Whitney Trust CO LLC boosted its stake in Lockheed Martin by 6.7% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,603 shares of the aerospace company’s stock worth $749,000 after purchasing an additional 101 shares during the last quarter. AGF Management Ltd. boosted its position in Lockheed Martin by 11.8% during the second quarter. AGF Management Ltd. now owns 7,180 shares of the aerospace company’s stock worth $3,354,000 after acquiring an additional 757 shares during the last quarter. AdvisorShares Investments LLC grew its stake in Lockheed Martin by 9.7% during the 2nd quarter. AdvisorShares Investments LLC now owns 1,030 shares of the aerospace company’s stock valued at $480,000 after acquiring an additional 91 shares in the last quarter. Qsemble Capital Management LP grew its stake in Lockheed Martin by 9.9% during the 2nd quarter. Qsemble Capital Management LP now owns 4,559 shares of the aerospace company’s stock valued at $2,130,000 after acquiring an additional 412 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its stake in Lockheed Martin by 1.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,272 shares of the aerospace company’s stock worth $10,403,000 after purchasing an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.0 %

Lockheed Martin stock opened at $468.61 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The firm has a 50 day moving average price of $512.94 and a 200 day moving average price of $534.43. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The company has a market capitalization of $111.08 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.77 EPS. Research analysts expect that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LMT has been the subject of several recent research reports. UBS Group increased their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price target for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Citigroup upped their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Royal Bank of Canada reduced their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $591.21.

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.