Pflug Koory LLC Has $1.59 Million Position in Lockheed Martin Co. (NYSE:LMT)

Pflug Koory LLC reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,265 shares of the aerospace company’s stock after selling 98 shares during the quarter. Pflug Koory LLC’s holdings in Lockheed Martin were worth $1,587,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC bought a new stake in Lockheed Martin during the second quarter worth $27,000. Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at $32,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin in the 3rd quarter valued at $40,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth $42,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LMT. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Barclays decreased their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. UBS Group increased their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Finally, TD Cowen raised their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus price target of $577.73.

Lockheed Martin Trading Down 0.1 %

NYSE:LMT opened at $496.96 on Friday. 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. The firm’s fifty day moving average is $500.00 and its 200-day moving average is $535.98. The firm has a market cap of $117.80 billion, a P/E ratio of 17.99, a P/E/G ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same period last year, the company posted $6.77 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin 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.