Franklin Street Advisors Inc. NC Has $3.51 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Franklin Street Advisors Inc. NC decreased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 76.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,232 shares of the aerospace company’s stock after selling 24,100 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Lockheed Martin were worth $3,514,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LMT. Dorsey & Whitney Trust CO LLC raised its stake in Lockheed Martin by 6.7% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,603 shares of the aerospace company’s stock valued at $749,000 after buying an additional 101 shares during the period. AGF Management Ltd. lifted its holdings in Lockheed Martin by 11.8% during the 2nd quarter. AGF Management Ltd. now owns 7,180 shares of the aerospace company’s stock valued at $3,354,000 after purchasing an additional 757 shares during the last quarter. AdvisorShares Investments LLC boosted its position in Lockheed Martin by 9.7% during the second quarter. AdvisorShares Investments LLC now owns 1,030 shares of the aerospace company’s stock worth $480,000 after purchasing an additional 91 shares during the period. Qsemble Capital Management LP raised its position in shares of Lockheed Martin by 9.9% in the second quarter. Qsemble Capital Management LP now owns 4,559 shares of the aerospace company’s stock valued at $2,130,000 after purchasing an additional 412 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its stake in shares of Lockheed Martin by 1.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,272 shares of the aerospace company’s stock worth $10,403,000 after buying an additional 247 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Lockheed Martin stock traded down $0.89 during midday trading on Friday, reaching $467.96. The company’s stock had a trading volume of 458,571 shares, compared to its average volume of 1,030,164. The stock has a market cap of $110.92 billion, a PE ratio of 16.94, 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 52 week low of $413.92 and a 52 week high of $618.95. The business has a 50-day moving average price of $512.94 and a 200-day moving average price of $534.43.

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. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates 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 company posted $6.77 EPS. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LMT. Citigroup increased their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Robert W. Baird increased their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Susquehanna reduced their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research note on Wednesday. Barclays lowered their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $591.21.

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.