Schnieders Capital Management LLC Trims Holdings in Lockheed Martin Co. (NYSE:LMT)

Schnieders Capital Management LLC decreased its holdings in Lockheed Martin Co. (NYSE:LMT) by 26.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,302 shares of the aerospace company’s stock after selling 460 shares during the quarter. Schnieders Capital Management LLC’s holdings in Lockheed Martin were worth $590,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC purchased a new stake in Lockheed Martin in the 4th quarter valued at $689,000. Beaumont Asset Management L.L.C. grew its stake in Lockheed Martin by 4.6% in the 4th quarter. Beaumont Asset Management L.L.C. now owns 2,808 shares of the aerospace company’s stock valued at $1,273,000 after acquiring an additional 124 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in Lockheed Martin by 2.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,067 shares of the aerospace company’s stock valued at $3,656,000 after acquiring an additional 163 shares during the last quarter. Masso Torrence Wealth Management Inc. lifted its holdings in shares of Lockheed Martin by 26.9% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 962 shares of the aerospace company’s stock worth $436,000 after acquiring an additional 204 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Lockheed Martin by 10.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,866 shares of the aerospace company’s stock worth $846,000 after acquiring an additional 172 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on LMT. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price target for the company from $475.00 to $518.00 in a report on Monday, April 15th. Royal Bank of Canada cut their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. UBS Group boosted their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday. Citigroup boosted their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, The Goldman Sachs Group reduced their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average price target of $479.90.

Lockheed Martin Price Performance

Lockheed Martin stock traded down $0.94 during midday trading on Wednesday, hitting $459.14. The company’s stock had a trading volume of 1,015,106 shares, compared to its average volume of 1,174,914. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. The stock’s 50-day moving average price is $441.34 and its 200-day moving average price is $444.04. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $480.92. The company has a market capitalization of $110.42 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. The firm had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. Lockheed Martin’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $6.43 earnings per share. Analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal 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.