Lockheed Martin Co. (NYSE:LMT) Shares Sold by Buttonwood Financial Advisors Inc.

Buttonwood Financial Advisors Inc. lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,561 shares of the aerospace company’s stock after selling 34 shares during the period. Buttonwood Financial Advisors Inc.’s holdings in Lockheed Martin were worth $1,244,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LMT. United Asset Strategies Inc. grew its holdings in shares of Lockheed Martin by 2.4% in the fourth quarter. United Asset Strategies Inc. now owns 31,584 shares of the aerospace company’s stock valued at $15,348,000 after purchasing an additional 751 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at approximately $92,000. Apexium Financial LP raised its position in shares of Lockheed Martin by 73.5% during the 4th quarter. Apexium Financial LP now owns 918 shares of the aerospace company’s stock valued at $446,000 after buying an additional 389 shares during the period. Blue Trust Inc. lifted its holdings in Lockheed Martin by 22.8% in the fourth quarter. Blue Trust Inc. now owns 9,472 shares of the aerospace company’s stock valued at $4,603,000 after acquiring an additional 1,760 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC grew its position in Lockheed Martin by 3.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,023 shares of the aerospace company’s stock worth $4,871,000 after acquiring an additional 290 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LMT. Royal Bank of Canada cut their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Barclays decreased their price objective 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. Citigroup dropped their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Finally, Wells Fargo & Company decreased their target price on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $577.73.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $496.96 on Monday. The stock’s 50-day simple moving average is $499.24 and its 200-day simple moving average is $537.29. The firm has a market capitalization of $117.80 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

Lockheed Martin 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.