Linden Thomas Advisory Services LLC Reduces Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Linden Thomas Advisory Services LLC cut its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 8,472 shares of the aerospace company’s stock after selling 45 shares during the period. Lockheed Martin makes up approximately 0.5% of Linden Thomas Advisory Services LLC’s holdings, making the stock its 27th largest holding. Linden Thomas Advisory Services LLC’s holdings in Lockheed Martin were worth $4,117,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LMT shares. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Robert W. Baird upped their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Barclays dropped their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $577.73.

Lockheed Martin Stock Performance

LMT opened at $496.96 on Friday. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The stock has a market cap 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 business’s 50 day moving average is $499.24 and its 200-day moving average is $536.23. 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 (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) 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 company had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the prior year, the business posted $6.77 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts predict that Lockheed Martin Co. will post 26.89 earnings per share 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.