Capital Investment Advisory Services LLC Has $2.86 Million Position in Lockheed Martin Corporation $LMT

Capital Investment Advisory Services LLC cut its holdings in Lockheed Martin Corporation (NYSE:LMT) by 14.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,725 shares of the aerospace company’s stock after selling 966 shares during the period. Capital Investment Advisory Services LLC’s holdings in Lockheed Martin were worth $2,858,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in shares of 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 buying an additional 191 shares during the period. Sivia Capital Partners LLC lifted its position in Lockheed Martin by 5.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after acquiring an additional 50 shares during the last quarter. Integrity Financial Corp WA bought a new stake in Lockheed Martin during the second quarter valued at about $206,000. Sax Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin in the second quarter valued at about $304,000. Finally, REAP Financial Group LLC grew its position in shares of Lockheed Martin by 67.1% in the second quarter. REAP Financial Group LLC now owns 142 shares of the aerospace company’s stock valued at $66,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. BNP Paribas Exane increased their target price on Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. TD Cowen upped their price target on Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Susquehanna reissued a “positive” rating and issued a $660.00 price objective on shares of Lockheed Martin in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Finally, Wall Street Zen upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and an average target price of $608.72.

Lockheed Martin Price Performance

LMT opened at $607.54 on Friday. The stock has a market capitalization of $139.78 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 1.37 and a beta of 0.23. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $646.59. The company’s 50 day simple moving average is $522.92 and its 200-day simple moving average is $484.97.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.53). The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $7.67 EPS. Sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

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.