Lockheed Martin Co. (NYSE:LMT) Shares Sold by Brady Family Wealth LLC

Brady Family Wealth LLC decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 10.7% in the fourth quarter, HoldingsChannel reports. The firm owned 1,367 shares of the aerospace company’s stock after selling 164 shares during the quarter. Brady Family Wealth LLC’s holdings in Lockheed Martin were worth $664,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Winch Advisory Services LLC increased its stake in shares of Lockheed Martin by 17.7% in the fourth quarter. Winch Advisory Services LLC now owns 619 shares of the aerospace company’s stock worth $301,000 after acquiring an additional 93 shares during the period. Rovin Capital UT ADV boosted its holdings in Lockheed Martin by 16.6% in the fourth quarter. Rovin Capital UT ADV now owns 788 shares of the aerospace company’s stock valued at $383,000 after purchasing an additional 112 shares during the last quarter. Smith Thornton Advisors LLC boosted its holdings in Lockheed Martin by 3.8% in the fourth quarter. Smith Thornton Advisors LLC now owns 814 shares of the aerospace company’s stock valued at $396,000 after purchasing an additional 30 shares during the last quarter. RMR Wealth Builders grew its position in Lockheed Martin by 10.5% during the 4th quarter. RMR Wealth Builders now owns 3,124 shares of the aerospace company’s stock worth $1,518,000 after purchasing an additional 296 shares during the period. Finally, USA Financial Formulas raised its stake in shares of Lockheed Martin by 18.8% during the 4th quarter. USA Financial Formulas now owns 473 shares of the aerospace company’s stock valued at $230,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the topic of several analyst reports. Citigroup raised their target price on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Barclays dropped their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company decreased their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Finally, TD Cowen raised their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average target price of $590.40.

Lockheed Martin Trading Down 0.2 %

Shares of Lockheed Martin stock opened at $483.71 on Thursday. 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 stock’s 50 day simple moving average is $508.95 and its 200-day simple moving average is $535.59. The stock has a market cap of $114.66 billion, a P/E ratio of 17.51, a P/E/G ratio of 3.76 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT) last released 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 company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the previous year, the company posted $6.77 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts predict that Lockheed Martin Co. will post 26.89 EPS 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.