Crestmont Private Wealth LLC Trims Stake in Lockheed Martin Co. (NYSE:LMT)

Crestmont Private Wealth LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 20.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 480 shares of the aerospace company’s stock after selling 120 shares during the quarter. Crestmont Private Wealth LLC’s holdings in Lockheed Martin were worth $233,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin in the 3rd quarter worth $26,000. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at about $32,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin during the 2nd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin during the 3rd quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at about $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 commented on LMT shares. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday. They issued a “buy” rating and a $579.00 price target for the company. JPMorgan Chase & Co. increased their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Robert W. Baird increased their price target on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target of $590.40.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $484.08 on Wednesday. The firm has a market cap of $114.74 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The firm’s 50 day simple moving average is $508.95 and its 200-day simple moving average is $535.59. Lockheed Martin Co. has a one year low of $413.92 and a one year 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) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $6.77 earnings per share. As a group, equities analysts predict 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.