Franklin Street Advisors Inc. NC Sells 24,100 Shares of Lockheed Martin Co. (NYSE:LMT)

Franklin Street Advisors Inc. NC trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 76.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,232 shares of the aerospace company’s stock after selling 24,100 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Lockheed Martin were worth $3,514,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the 3rd quarter worth about $26,000. Burkett Financial Services LLC bought a new position in Lockheed Martin during the third quarter valued at about $32,000. Mattson Financial Services LLC purchased a new stake in Lockheed Martin during the second quarter worth about $27,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin in the third quarter worth about $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in Lockheed Martin in the third quarter valued at about $42,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wells Fargo & Company dropped their price objective on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday. UBS Group lifted their price objective on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Citigroup increased their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Barclays lowered their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $591.21.

Lockheed Martin Price Performance

LMT stock traded down $0.89 during midday trading on Friday, reaching $467.96. The company had a trading volume of 458,571 shares, compared to its average volume of 1,030,164. The firm has a 50-day moving average price of $512.94 and a 200-day moving average price of $534.43. The company has a market capitalization of $110.92 billion, a P/E ratio of 16.94, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the prior year, the firm earned $6.77 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. On average, research analysts anticipate that Lockheed Martin Co. will post 26.88 earnings per share for the current fiscal year.

Lockheed Martin Company 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.