Lockheed Martin Co. (NYSE:LMT) Stock Holdings Cut by Smith Salley Wealth Management

Smith Salley Wealth Management lessened its position in Lockheed Martin Co. (NYSE:LMT) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,693 shares of the aerospace company’s stock after selling 26 shares during the period. Smith Salley Wealth Management’s holdings in Lockheed Martin were worth $2,281,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. raised its position in Lockheed Martin by 8.4% in the fourth quarter. Financial Management Professionals Inc. now owns 1,479 shares of the aerospace company’s stock worth $719,000 after acquiring an additional 115 shares in the last quarter. TruWealth Advisors LLC raised its holdings in shares of Lockheed Martin by 2.1% in the 4th quarter. TruWealth Advisors LLC now owns 43,011 shares of the aerospace company’s stock worth $20,900,000 after purchasing an additional 895 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in Lockheed Martin by 7.3% during the fourth quarter. Ameritas Advisory Services LLC now owns 6,445 shares of the aerospace company’s stock valued at $3,132,000 after purchasing an additional 441 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Lockheed Martin by 4.8% during the fourth quarter. HB Wealth Management LLC now owns 12,525 shares of the aerospace company’s stock worth $6,087,000 after buying an additional 573 shares in the last quarter. Finally, Premier Path Wealth Partners LLC grew its position in Lockheed Martin by 29.0% in the fourth quarter. Premier Path Wealth Partners LLC now owns 5,551 shares of the aerospace company’s stock worth $2,697,000 after buying an additional 1,247 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.8 %

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

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The company 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%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business earned $6.77 EPS. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LMT has been the subject of a number of recent research reports. UBS Group increased their price objective on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Barclays reduced their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Citigroup lifted their price target on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $584.40.

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.