Lockheed Martin Corporation $LMT Shares Sold by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC trimmed its position in Lockheed Martin Corporation (NYSE:LMT) by 14.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,725 shares of the aerospace company’s stock after selling 966 shares during the period. Capital Investment Advisory Services LLC’s holdings in Lockheed Martin were worth $2,858,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Carnegie Investment Counsel increased its holdings in shares of Lockheed Martin by 11.4% during the 3rd quarter. Carnegie Investment Counsel now owns 29,639 shares of the aerospace company’s stock worth $14,796,000 after buying an additional 3,031 shares during the last quarter. VCI Wealth Management LLC purchased a new stake in Lockheed Martin during the third quarter valued at about $3,075,000. DAVENPORT & Co LLC increased its stake in Lockheed Martin by 22.4% during the third quarter. DAVENPORT & Co LLC now owns 25,423 shares of the aerospace company’s stock worth $12,688,000 after acquiring an additional 4,652 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Lockheed Martin by 29.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,036 shares of the aerospace company’s stock worth $5,010,000 after purchasing an additional 2,270 shares during the period. Finally, Laffer Tengler Investments Inc. lifted its stake in shares of Lockheed Martin by 482.6% in the 2nd quarter. Laffer Tengler Investments Inc. now owns 6,979 shares of the aerospace company’s stock valued at $3,232,000 after purchasing an additional 5,781 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LMT. TD Cowen increased their target price on shares of Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. raised their target price on shares of Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Sanford C. Bernstein restated a “market perform” rating and set a $586.00 price objective on shares of Lockheed Martin in a research note on Monday, January 12th. Citigroup increased their target price on Lockheed Martin from $592.00 to $673.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Robert W. Baird boosted their price target on Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $608.72.

Lockheed Martin Price Performance

NYSE:LMT opened at $607.54 on Friday. The firm has a market cap of $139.78 billion, a P/E ratio of 28.27, a PEG ratio of 1.37 and a beta of 0.23. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $646.59. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The business’s 50-day moving average price is $522.92 and its 200 day moving average price is $484.97.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the previous year, the firm posted $7.67 EPS. Lockheed Martin’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.