LongView Wealth Management Has $260,000 Stock Position in Lockheed Martin Co. (NYSE:LMT)

LongView Wealth Management cut its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 536 shares of the aerospace company’s stock after selling 44 shares during the quarter. LongView Wealth Management’s holdings in Lockheed Martin were worth $260,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LMT. O Keefe Stevens Advisory Inc. lifted its stake in shares of Lockheed Martin by 38.6% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 1,220 shares of the aerospace company’s stock valued at $593,000 after buying an additional 340 shares during the period. Whitener Capital Management Inc. raised its holdings in Lockheed Martin by 6.3% in the 4th quarter. Whitener Capital Management Inc. now owns 1,677 shares of the aerospace company’s stock valued at $815,000 after acquiring an additional 100 shares in the last quarter. Cranbrook Wealth Management LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $97,000. Merit Financial Group LLC grew its holdings in shares of Lockheed Martin by 22.3% during the 4th quarter. Merit Financial Group LLC now owns 11,915 shares of the aerospace company’s stock worth $5,790,000 after purchasing an additional 2,173 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. increased its position in shares of Lockheed Martin by 1.7% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 10,017 shares of the aerospace company’s stock valued at $4,868,000 after purchasing an additional 168 shares during the period. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

LMT has been the topic of a number of recent research reports. Barclays decreased their price target 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. Robert W. Baird increased their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. TD Cowen lifted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Susquehanna dropped their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average target price of $584.40.

Lockheed Martin Price Performance

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 firm has a market capitalization of $116.29 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. The firm’s 50 day moving average is $504.80 and its 200-day moving average is $535.05. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $17.38 billion. During the same period last year, the firm earned $6.77 EPS. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Sell-side analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

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.