Phoenix Wealth Advisors Decreases Position in Lockheed Martin Co. (NYSE:LMT)

Phoenix Wealth Advisors lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,129 shares of the aerospace company’s stock after selling 28 shares during the quarter. Phoenix Wealth Advisors’ holdings in Lockheed Martin were worth $549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. West Branch Capital LLC lifted its holdings in shares of Lockheed Martin by 4.1% during the 4th quarter. West Branch Capital LLC now owns 2,019 shares of the aerospace company’s stock valued at $981,000 after purchasing an additional 79 shares during the last quarter. MBM Wealth Consultants LLC lifted its holdings in shares of Lockheed Martin by 2.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 2,929 shares of the aerospace company’s stock valued at $1,412,000 after purchasing an additional 73 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Lockheed Martin by 45.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 130,787 shares of the aerospace company’s stock valued at $63,555,000 after purchasing an additional 40,970 shares during the last quarter. Simon Quick Advisors LLC increased its position in shares of Lockheed Martin by 14.1% in the 4th quarter. Simon Quick Advisors LLC now owns 1,079 shares of the aerospace company’s stock valued at $524,000 after acquiring an additional 133 shares during the period. Finally, Perfromance Wealth Partners LLC increased its position in shares of Lockheed Martin by 6.8% in the 4th quarter. Perfromance Wealth Partners LLC now owns 987 shares of the aerospace company’s stock valued at $480,000 after acquiring an additional 63 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company cut 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, January 8th. Robert W. Baird increased their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Susquehanna cut their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Price Performance

NYSE:LMT opened at $506.57 on Wednesday. The stock has a market capitalization of $120.08 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 3.96 and a beta of 0.48. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The stock’s 50-day moving average price is $502.01 and its 200-day moving average price is $536.51. 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 (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Lockheed Martin’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $6.77 EPS. As a group, equities analysts expect that Lockheed Martin Co. will post 26.8 EPS 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.