Savant Capital LLC Lowers Position in Lockheed Martin Corporation $LMT

Savant Capital LLC lowered its position in Lockheed Martin Corporation (NYSE:LMT) by 40.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,866 shares of the aerospace company’s stock after selling 5,962 shares during the period. Savant Capital LLC’s holdings in Lockheed Martin were worth $4,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. Barnes Dennig Private Wealth Management LLC boosted its holdings in Lockheed Martin by 285.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after buying an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in Lockheed Martin in the 2nd quarter valued at approximately $29,000. Finally, Frazier Financial Advisors LLC purchased a new position in Lockheed Martin in the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE:LMT opened at $623.25 on Friday. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. The firm has a market cap of $143.40 billion, a PE ratio of 29.00, a P/E/G ratio of 1.39 and a beta of 0.23. The firm has a 50 day simple moving average of $526.24 and a 200-day simple moving average of $486.09. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $646.59.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $7.67 EPS. On average, equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a report on Monday. JPMorgan Chase & Co. increased their price objective on shares of Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Morgan Stanley set a $675.00 target price on shares of Lockheed Martin in a report on Wednesday. Susquehanna reaffirmed a “positive” rating and issued a $660.00 price target on shares of Lockheed Martin in a report on Thursday, January 15th. Finally, Citigroup increased their price target on shares of Lockheed Martin from $592.00 to $673.00 and gave the company a “neutral” rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $612.50.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.