Lockheed Martin Co. (NYSE:LMT) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,095 shares of the aerospace company’s stock after selling 4,567 shares during the quarter. Lockheed Martin accounts for about 2.1% of Confluence Investment Management LLC’s holdings, making the stock its 5th biggest position. Confluence Investment Management LLC owned approximately 0.13% of Lockheed Martin worth $149,716,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in LMT. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin during the 3rd quarter worth $26,000. Mattson Financial Services LLC purchased a new position in Lockheed Martin in the second quarter worth $27,000. Sachetta LLC grew its stake in Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 20 shares during the period. Burkett Financial Services LLC purchased a new stake in Lockheed Martin during the third quarter worth about $32,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $40,000. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

LMT has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $602.00 to $543.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $611.00 to $523.00 in a report on Thursday. TD Cowen lifted their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Citigroup raised their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $605.36.

Lockheed Martin Price Performance

Shares of LMT stock traded down $0.76 on Thursday, reaching $485.18. The company’s stock had a trading volume of 234,527 shares, compared to its average volume of 1,092,156. The stock’s fifty day simple moving average is $522.71 and its 200-day simple moving average is $534.54. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company has a market capitalization of $115.00 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 4.05 and a beta of 0.47. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same period last year, the company posted $6.77 EPS. The business’s revenue was up 1.3% on a year-over-year basis. Analysts forecast that Lockheed Martin Co. will post 26.88 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.