HCR Wealth Advisors Has $530,000 Holdings in Lockheed Martin Co. (NYSE:LMT)

HCR Wealth Advisors trimmed its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 25.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,090 shares of the aerospace company’s stock after selling 371 shares during the quarter. HCR Wealth Advisors’ holdings in Lockheed Martin were worth $530,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LMT. Edgestream Partners L.P. grew its holdings in Lockheed Martin by 63.6% during the second quarter. Edgestream Partners L.P. now owns 3,170 shares of the aerospace company’s stock valued at $1,481,000 after purchasing an additional 1,232 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Lockheed Martin by 6.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 50,449 shares of the aerospace company’s stock worth $23,565,000 after acquiring an additional 3,189 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in Lockheed Martin by 5.5% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,077 shares of the aerospace company’s stock worth $3,773,000 after acquiring an additional 420 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Lockheed Martin by 18.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,429 shares of the aerospace company’s stock valued at $10,921,000 after acquiring an additional 3,681 shares during the period. Finally, Blair William & Co. IL grew its position in shares of Lockheed Martin by 35.0% in the second quarter. Blair William & Co. IL now owns 42,953 shares of the aerospace company’s stock valued at $20,063,000 after purchasing an additional 11,134 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 0.2 %

LMT opened at $483.71 on Thursday. The firm has a market cap of $114.66 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 3.76 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The firm’s 50-day simple moving average is $508.95 and its 200-day simple moving average is $535.59. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

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

Analysts Set New Price Targets

LMT has been the subject of several research analyst reports. Barclays cut their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Truist Financial assumed coverage on Lockheed Martin in a report on Tuesday. They set a “buy” rating and a $579.00 price target for the company. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their price objective on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Finally, UBS Group upped their target price on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $590.40.

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.