Seneca House Advisors Sells 74 Shares of Lockheed Martin Co. (NYSE:LMT)

Seneca House Advisors cut its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,700 shares of the aerospace company’s stock after selling 74 shares during the period. Seneca House Advisors’ holdings in Lockheed Martin were worth $826,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LMT. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin during the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin during the second quarter worth $27,000. Burkett Financial Services LLC acquired a new position in shares of Lockheed Martin during the third quarter worth $32,000. Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin during the 3rd quarter valued at $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in Lockheed Martin during the 3rd quarter worth $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.5 %

Shares of Lockheed Martin stock opened at $496.93 on Friday. The stock’s 50-day moving average is $500.84 and its 200 day moving average is $536.25. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The firm has a market cap of $117.79 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 4.05 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on LMT shares. TD Cowen increased their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Barclays reduced their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. UBS Group raised their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial initiated coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus target price of $577.73.

About Lockheed Martin

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.