Investment Partners LTD. Cuts Stock Position in Lockheed Martin Co. (NYSE:LMT)

Investment Partners LTD. lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 10.8% in the fourth quarter, according to its most recent filing with the SEC. 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 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Spirit of America Management Corp NY increased its stake 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 acquiring an additional 100 shares during the last quarter. Connecticut Wealth Management LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $261,000. TFG Advisers LLC boosted its position in shares of Lockheed Martin by 1.2% during the third quarter. TFG Advisers LLC now owns 2,967 shares of the aerospace company’s stock valued at $1,214,000 after buying an additional 34 shares during the period. Zullo Investment Group Inc. boosted its position in shares of Lockheed Martin by 8.1% during the third quarter. Zullo Investment Group Inc. now owns 1,488 shares of the aerospace company’s stock valued at $609,000 after buying an additional 112 shares during the period. Finally, Solidarity Wealth LLC boosted its position in shares of Lockheed Martin by 85.6% during the third quarter. Solidarity Wealth LLC now owns 8,400 shares of the aerospace company’s stock valued at $3,435,000 after buying an additional 3,875 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded down $3.49 during mid-day trading on Friday, hitting $461.29. The stock had a trading volume of 857,964 shares, compared to its average volume of 1,102,151. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.03 and a current ratio of 1.30. The company has a 50 day moving average of $443.74 and a two-hundred day moving average of $444.46. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The firm has a market cap of $110.68 billion, a PE ratio of 16.88, a PEG ratio of 4.25 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same period in the prior year, the firm earned $6.43 EPS. The firm’s revenue was up 13.7% on a year-over-year basis. Research analysts predict that Lockheed Martin Co. will post 26.05 EPS for the current fiscal year.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO John Frank A. St sold 6,648 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley lowered their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Susquehanna lowered their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Citigroup upped their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $475.00 to $518.00 in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $485.40.

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.