RFG Advisory LLC Has $2.24 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

RFG Advisory LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,614 shares of the aerospace company’s stock after selling 312 shares during the quarter. RFG Advisory LLC’s holdings in Lockheed Martin were worth $2,242,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. MFA Wealth Services bought a new position in shares of Lockheed Martin in the 4th quarter valued at about $276,000. Financial Partners Group LLC boosted its stake in Lockheed Martin by 1.5% during the 4th quarter. Financial Partners Group LLC now owns 20,099 shares of the aerospace company’s stock worth $9,767,000 after acquiring an additional 301 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in Lockheed Martin by 4.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 2,870 shares of the aerospace company’s stock worth $1,395,000 after acquiring an additional 120 shares during the last quarter. Brighton Jones LLC boosted its stake in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares during the last quarter. Finally, FCG Investment Co boosted its stake in Lockheed Martin by 3.5% during the 4th quarter. FCG Investment Co now owns 5,235 shares of the aerospace company’s stock worth $2,544,000 after acquiring an additional 178 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Barclays reduced their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. UBS Group lifted their price objective 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Price Performance

NYSE LMT opened at $496.96 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.30 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. The company has a market capitalization of $117.80 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The firm’s 50 day moving average is $500.00 and its 200-day moving average is $535.98.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same period last year, the company earned $6.77 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share 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.