Investment Partners LTD. Decreases Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Investment Partners LTD. lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 10.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,974 shares of the aerospace company’s stock after selling 239 shares during the period. Investment Partners LTD.’s holdings in Lockheed Martin were worth $895,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LMT. Spirit of America Management Corp NY boosted its holdings in Lockheed Martin by 33.3% during the third quarter. Spirit of America Management Corp NY now owns 400 shares of the aerospace company’s stock worth $164,000 after buying an additional 100 shares in the last quarter. Connecticut Wealth Management LLC purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $261,000. TFG Advisers LLC lifted its holdings in shares of Lockheed Martin by 1.2% in the third quarter. TFG Advisers LLC now owns 2,967 shares of the aerospace company’s stock valued at $1,214,000 after purchasing an additional 34 shares in the last quarter. Zullo Investment Group Inc. lifted its holdings in shares of Lockheed Martin by 8.1% in the third quarter. Zullo Investment Group Inc. now owns 1,488 shares of the aerospace company’s stock valued at $609,000 after purchasing an additional 112 shares in the last quarter. Finally, Solidarity Wealth LLC lifted its holdings in shares of Lockheed Martin by 85.6% in the third quarter. Solidarity Wealth LLC now owns 8,400 shares of the aerospace company’s stock valued at $3,435,000 after purchasing an additional 3,875 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded down $3.49 during trading hours on Friday, reaching $461.29. The company’s stock had a trading volume of 857,964 shares, compared to its average volume of 1,102,151. The company’s 50 day simple moving average is $443.74 and its 200 day simple moving average is $444.46. The stock has a market cap of $110.68 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 4.25 and a beta of 0.48. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.03 and a current ratio of 1.30. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter in the previous year, the company posted $6.43 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. As a group, analysts expect that Lockheed Martin Co. will post 26.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LMT has been the topic of several recent research reports. The Goldman Sachs Group reduced their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $475.00 to $518.00 in a research note on Monday, April 15th. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday. UBS Group upped their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $485.40.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock worth $7,249,946 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

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.