CX Institutional Sells 600 Shares of Lockheed Martin Co. (NYSE:LMT)

CX Institutional reduced its position in Lockheed Martin Co. (NYSE:LMT) by 3.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 18,585 shares of the aerospace company’s stock after selling 600 shares during the period. CX Institutional’s holdings in Lockheed Martin were worth $9,032,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Impact Partnership Wealth LLC boosted its position in shares of Lockheed Martin by 90.3% during the fourth quarter. Impact Partnership Wealth LLC now owns 1,210 shares of the aerospace company’s stock valued at $588,000 after buying an additional 574 shares during the last quarter. St. Johns Investment Management Company LLC lifted its stake in Lockheed Martin by 5.3% during the 4th quarter. St. Johns Investment Management Company LLC now owns 2,118 shares of the aerospace company’s stock valued at $1,029,000 after acquiring an additional 107 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Lockheed Martin by 71.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,674 shares of the aerospace company’s stock valued at $814,000 after acquiring an additional 696 shares during the last quarter. LexAurum Advisors LLC grew its stake in shares of Lockheed Martin by 30.8% in the fourth quarter. LexAurum Advisors LLC now owns 565 shares of the aerospace company’s stock worth $275,000 after acquiring an additional 133 shares during the period. Finally, MFA Wealth Services purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $276,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

NYSE LMT opened at $496.23 on Friday. 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 Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The business has a 50-day moving average price of $500.84 and a 200-day moving average price of $536.25. The firm has a market cap of $117.63 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

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

Analyst Upgrades and Downgrades

LMT has been the topic of several research reports. Robert W. Baird raised their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Susquehanna dropped their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Wells Fargo & Company dropped their target price on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $577.73.

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.