Advisor OS LLC Sells 2,134 Shares of Lockheed Martin Corporation $LMT

Advisor OS LLC lowered its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 64.2% during the third quarter, Holdings Channel reports. The institutional investor owned 1,191 shares of the aerospace company’s stock after selling 2,134 shares during the quarter. Advisor OS LLC’s holdings in Lockheed Martin were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in LMT. Barnes Dennig Private Wealth Management LLC increased its stake in Lockheed Martin by 285.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 40 shares during the period. Grey Fox Wealth Advisors LLC acquired a new stake in Lockheed Martin during the third quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $29,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $35,000. Finally, Physician Wealth Advisors Inc. lifted its position in shares of Lockheed Martin by 61.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 76 shares of the aerospace company’s stock worth $38,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group upped their price target on Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $654.00 target price on shares of Lockheed Martin in a report on Friday, February 6th. Jefferies Financial Group lifted their price target on shares of Lockheed Martin from $540.00 to $630.00 and gave the company a “hold” rating in a report on Sunday, February 1st. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 8th. Finally, DZ Bank lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective for the company. in a report on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and a consensus target price of $612.50.

Lockheed Martin Trading Down 0.9%

Shares of NYSE LMT opened at $641.47 on Friday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $669.75. The firm has a market capitalization of $147.59 billion, a P/E ratio of 29.85, a P/E/G ratio of 1.17 and a beta of 0.23. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. The company’s 50 day simple moving average is $578.05 and its 200 day simple moving average is $508.04.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, March 2nd. Lockheed Martin’s dividend payout ratio is currently 64.22%.

Lockheed Martin Company Profile

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.