Advisory Alpha LLC Has $967,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Advisory Alpha LLC reduced its holdings in Lockheed Martin Co. (NYSE:LMT) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,990 shares of the aerospace company’s stock after selling 149 shares during the quarter. Advisory Alpha LLC’s holdings in Lockheed Martin were worth $967,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. West Branch Capital LLC grew its holdings in Lockheed Martin by 4.1% during the 4th quarter. West Branch Capital LLC now owns 2,019 shares of the aerospace company’s stock worth $981,000 after acquiring an additional 79 shares during the last quarter. MBM Wealth Consultants LLC raised its stake in shares of Lockheed Martin by 2.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 2,929 shares of the aerospace company’s stock worth $1,412,000 after acquiring an additional 73 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Lockheed Martin by 45.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 130,787 shares of the aerospace company’s stock worth $63,555,000 after purchasing an additional 40,970 shares in the last quarter. Simon Quick Advisors LLC grew its stake in shares of Lockheed Martin by 14.1% during the fourth quarter. Simon Quick Advisors LLC now owns 1,079 shares of the aerospace company’s stock valued at $524,000 after purchasing an additional 133 shares during the last quarter. Finally, Perfromance Wealth Partners LLC increased its holdings in shares of Lockheed Martin by 6.8% in the fourth quarter. Perfromance Wealth Partners LLC now owns 987 shares of the aerospace company’s stock valued at $480,000 after purchasing an additional 63 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

NYSE:LMT opened at $499.41 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The company has a fifty day moving average of $502.01 and a 200-day moving average of $536.51. The firm has a market capitalization of $118.38 billion, a P/E ratio of 18.08, a P/E/G ratio of 3.96 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its 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 company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter last year, the company earned $6.77 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 26.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LMT shares. Royal Bank of Canada decreased their price objective 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. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. TD Cowen raised their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, Barclays reduced 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 research note on Monday, January 6th. One equities 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.