Gilman Hill Asset Management LLC Decreases Stake in Lockheed Martin Co. (NYSE:LMT)

Gilman Hill Asset Management LLC lessened its stake in Lockheed Martin Co. (NYSE:LMT) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,302 shares of the aerospace company’s stock after selling 25 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Lockheed Martin were worth $633,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at about $26,000. Mattson Financial Services LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at about $27,000. Burkett Financial Services LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at about $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.8 %

NYSE:LMT opened at $490.60 on Monday. The firm has a market cap of $116.29 billion, a P/E ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock’s 50 day simple moving average is $504.80 and its 200-day simple moving average is $535.54. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays cut their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. UBS Group raised their target price on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Robert W. Baird raised their target price on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada cut their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. One 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 given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $584.40.

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.