Hudson Valley Investment Advisors Inc. ADV Sells 99 Shares of Lockheed Martin Co. (NYSE:LMT)

Hudson Valley Investment Advisors Inc. ADV cut its stake in Lockheed Martin Co. (NYSE:LMT) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,816 shares of the aerospace company’s stock after selling 99 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Lockheed Martin were worth $883,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $26,000. Mattson Financial Services LLC bought a new stake in Lockheed Martin during the 2nd quarter valued at $27,000. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter worth $32,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin during the 3rd quarter worth $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $468.61 on Friday. The firm has a market capitalization of $111.08 billion, a P/E ratio of 16.97, a PEG ratio of 4.05 and a beta of 0.48. The stock has a 50-day simple moving average of $512.94 and a two-hundred day simple moving average of $534.43. 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 Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share 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 business earned $6.77 earnings per share. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts forecast that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Robert W. Baird increased their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Susquehanna lowered 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. Royal Bank of Canada cut their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Citigroup raised their price objective on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $591.21.

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.