HBW Advisory Services LLC Sells 83 Shares of Lockheed Martin Co. (NYSE:LMT)

HBW Advisory Services LLC trimmed its stake in Lockheed Martin Co. (NYSE:LMT) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,581 shares of the aerospace company’s stock after selling 83 shares during the period. HBW Advisory Services LLC’s holdings in Lockheed Martin were worth $768,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $26,000. Mattson Financial Services LLC acquired a new stake in Lockheed Martin in the 2nd quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new position in Lockheed Martin in the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin during the third quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin in the third quarter valued at approximately $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

NYSE:LMT opened at $467.84 on Friday. The firm has a market cap of $110.89 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company’s 50-day moving average price is $511.39 and its two-hundred day moving average price is $534.41. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the prior year, the company earned $6.77 EPS. Lockheed Martin’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts anticipate that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LMT. Citigroup boosted their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. UBS Group upped their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their target price on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday. TD Cowen boosted their price target on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Susquehanna reduced their price objective on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus 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.