Everpar Advisors LLC Sells 29 Shares of Lockheed Martin Co. (NYSE:LMT)

Everpar Advisors LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 744 shares of the aerospace company’s stock after selling 29 shares during the quarter. Everpar Advisors LLC’s holdings in Lockheed Martin were worth $361,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its stake in shares of Lockheed Martin by 60,592.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company’s stock worth $911,433,000 after buying an additional 1,556,609 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Lockheed Martin by 124.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company’s stock worth $263,561,000 after purchasing an additional 249,591 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Lockheed Martin by 8.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock valued at $1,797,437,000 after buying an additional 240,306 shares during the last quarter. FMR LLC grew its stake in shares of 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 buying an additional 209,591 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings 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 buying an additional 180,074 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $486.48 on Friday. The company has a 50-day simple moving average of $507.59 and a two-hundred day simple moving average of $535.22. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The stock has a market capitalization of $115.32 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $6.77 earnings per share. Analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current year.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent analyst reports. Citigroup increased their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. TD Cowen boosted their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Robert W. Baird increased their price target on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, Truist Financial started coverage on shares of Lockheed Martin in a research report on Tuesday. They set a “buy” rating and a $579.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $584.40.

Lockheed Martin 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.