180 Wealth Advisors LLC Sells 498 Shares of Lockheed Martin Co. (NYSE:LMT)

180 Wealth Advisors LLC cut its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 9.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,548 shares of the aerospace company’s stock after selling 498 shares during the period. 180 Wealth Advisors LLC’s holdings in Lockheed Martin were worth $2,210,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin during the third quarter valued at approximately $26,000. Mattson Financial Services LLC acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin in the third quarter valued at $32,000. Capital Performance Advisors LLP acquired a new position in Lockheed Martin during the third quarter worth $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in Lockheed Martin during the third quarter worth $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Barclays decreased their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Wells Fargo & Company cut their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. UBS Group upped their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $590.40.

Lockheed Martin Stock Up 3.4 %

LMT stock opened at $483.76 on Tuesday. The firm has a 50-day moving average price of $510.20 and a 200-day moving average price of $535.47. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $114.67 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.77 EPS. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 26.88 EPS 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.