Cadinha & Co. LLC Reduces Stock Position in Lockheed Martin Co. (NYSE:LMT)

Cadinha & Co. LLC cut its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 93.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,976 shares of the aerospace company’s stock after selling 26,138 shares during the quarter. Cadinha & Co. LLC’s holdings in Lockheed Martin were worth $960,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clarius Group LLC boosted its holdings in shares of Lockheed Martin by 3.5% in the fourth quarter. Clarius Group LLC now owns 1,752 shares of the aerospace company’s stock worth $851,000 after buying an additional 60 shares during the last quarter. J2 Capital Management Inc bought a new position in Lockheed Martin in the fourth quarter worth approximately $503,000. Moss Adams Wealth Advisors LLC boosted its stake in shares of Lockheed Martin by 10.9% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 531 shares of the aerospace company’s stock worth $258,000 after acquiring an additional 52 shares during the last quarter. Monarch Capital Management Inc. grew its position in shares of Lockheed Martin by 11.9% during the 4th quarter. Monarch Capital Management Inc. now owns 2,428 shares of the aerospace company’s stock valued at $1,180,000 after acquiring an additional 258 shares during the period. Finally, IAM Advisory LLC increased its stake in shares of Lockheed Martin by 1.3% in the 4th quarter. IAM Advisory LLC now owns 4,136 shares of the aerospace company’s stock worth $2,010,000 after purchasing an additional 55 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 0.8 %

Shares of LMT stock opened at $490.60 on Friday. 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 has a market capitalization of $116.29 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The stock’s 50-day moving average price is $504.80 and its 200-day moving average price is $535.05.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data 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. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the previous year, the company posted $6.77 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. TD Cowen lifted 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. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Royal Bank of Canada decreased their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, Truist Financial assumed 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 for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus price target of $584.40.

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.