Bridges Investment Management Inc. Sells 30,322 Shares of Lockheed Martin Corporation $LMT

Bridges Investment Management Inc. lessened its holdings in Lockheed Martin Corporation (NYSE:LMTFree Report) by 81.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,044 shares of the aerospace company’s stock after selling 30,322 shares during the period. Bridges Investment Management Inc.’s holdings in Lockheed Martin were worth $3,516,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tableaux LLC grew its position in Lockheed Martin by 34,231.4% during the 2nd quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock worth $288,589,000 after acquiring an additional 621,300 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Lockheed Martin by 169.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock valued at $265,030,000 after purchasing an additional 359,748 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Lockheed Martin by 1.0% during the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after purchasing an additional 214,565 shares during the last quarter. Holocene Advisors LP acquired a new position in shares of Lockheed Martin in the second quarter valued at approximately $92,628,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Lockheed Martin in the 2nd quarter valued at approximately $89,850,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a research note on Friday. BNP Paribas Exane raised their target price on Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Susquehanna reiterated a “positive” rating and issued a $660.00 price target on shares of Lockheed Martin in a research report on Thursday, January 15th. Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, UBS Group lifted their price objective on Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research note on Monday. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $592.88.

Read Our Latest Stock Analysis on LMT

More Lockheed Martin News

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Lockheed Martin Stock Performance

NYSE:LMT opened at $635.66 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $645.67. The company has a fifty day moving average of $513.37 and a 200-day moving average of $482.11. The firm has a market capitalization of $146.25 billion, a P/E ratio of 29.58, a P/E/G ratio of 1.81 and a beta of 0.23.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.67 earnings per share. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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