By otakuyassine3@gmail.com 
Radnor Capital Management LLC trimmed its holdings in Lockheed Martin Co. (NYSE:LMT – Free Report) by 3.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,970 shares of the aerospace company’s stock after selling 95 shares during the period. Radnor Capital Management LLC’s holdings in Lockheed Martin were worth $1,443,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. CVA Family Office LLC raised its holdings in Lockheed Martin by 1.1% in the 3rd quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company’s stock valued at $905,000 after acquiring an additional 17 shares in the last quarter. AllGen Financial Advisors Inc. increased its position in shares of Lockheed Martin by 4.0% in the third quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company’s stock worth $274,000 after purchasing an additional 18 shares during the period. Salomon & Ludwin LLC raised its stake in Lockheed Martin by 20.5% in the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 18 shares in the last quarter. Sunburst Financial Group LLC lifted its position in Lockheed Martin by 3.3% during the third quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company’s stock worth $331,000 after purchasing an additional 18 shares during the period. Finally, Quad Cities Investment Group LLC grew its stake in Lockheed Martin by 1.2% during the third quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company’s stock worth $919,000 after buying an additional 19 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Barclays cut their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada reduced their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Robert W. Baird boosted their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $590.40.
Check Out Our Latest Report on Lockheed Martin
Lockheed Martin Trading Up 0.2 %
Shares of NYSE LMT opened at $484.08 on Wednesday. The firm has a 50 day moving average price of $508.95 and a two-hundred day moving average price of $535.59. The stock has a market cap of $114.74 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.
Lockheed Martin (NYSE:LMT – Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $6.77 earnings per share. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.88 EPS for the current year.
Lockheed Martin Company 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.
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