Appleton Partners Inc. MA Sells 9,155 Shares of Lockheed Martin Corporation $LMT

Appleton Partners Inc. MA decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 58.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,415 shares of the aerospace company’s stock after selling 9,155 shares during the period. Appleton Partners Inc. MA’s holdings in Lockheed Martin were worth $3,202,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of LMT. Barnes Dennig Private Wealth Management LLC raised its position in Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after buying an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Lockheed Martin in the third quarter worth approximately $27,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Lockheed Martin during the second quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new position in Lockheed Martin during the second quarter valued at approximately $29,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Lockheed Martin in the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $623.25 on Friday. The business has a 50-day simple moving average of $526.24 and a two-hundred day simple moving average of $486.09. 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 52 week low of $410.11 and a 52 week high of $646.59. The stock has a market cap of $143.40 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 1.39 and a beta of 0.23.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LMT shares. JPMorgan Chase & Co. boosted their target price on shares of Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Susquehanna reaffirmed a “positive” rating and issued a $660.00 price objective on shares of Lockheed Martin in a report on Thursday, January 15th. TD Cowen increased their target price on Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a report on Friday, January 30th. Morgan Stanley set a $675.00 price target on Lockheed Martin in a research note on Wednesday. Finally, BNP Paribas Exane upped their price target on shares of Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and a consensus target price of $612.50.

About Lockheed Martin

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.