Lockheed Martin Co. (NYSE:LMT) Shares Sold by Abound Wealth Management

Abound Wealth Management lessened its position in shares of Lockheed Martin Co. (NYSE:LMT) by 28.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69 shares of the aerospace company’s stock after selling 27 shares during the quarter. Abound Wealth Management’s holdings in Lockheed Martin were worth $34,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LMT shares. Royal Bank of Canada decreased their price target 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. Robert W. Baird boosted their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. UBS Group lifted their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. TD Cowen increased their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.21.

Lockheed Martin Stock Up 3.4 %

LMT traded up $15.83 during trading hours on Monday, hitting $483.88. 895,339 shares of the company’s stock were exchanged, compared to its average volume of 1,101,867. The firm has a 50 day moving average of $511.39 and a 200 day moving average of $535.35. The firm has a market cap of $114.70 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for 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 revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.77 EPS. Analysts predict that Lockheed Martin Co. will post 26.88 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.