Mason & Associates Inc Sells 42 Shares of Lockheed Martin Co. (NYSE:LMT)

Mason & Associates Inc lowered its stake in Lockheed Martin Co. (NYSE:LMT) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,331 shares of the aerospace company’s stock after selling 42 shares during the quarter. Mason & Associates Inc’s holdings in Lockheed Martin were worth $647,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Edgestream Partners L.P. raised its position in shares of Lockheed Martin by 63.6% in the second quarter. Edgestream Partners L.P. now owns 3,170 shares of the aerospace company’s stock worth $1,481,000 after buying an additional 1,232 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Lockheed Martin by 6.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 50,449 shares of the aerospace company’s stock worth $23,565,000 after acquiring an additional 3,189 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Lockheed Martin by 5.5% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,077 shares of the aerospace company’s stock valued at $3,773,000 after acquiring an additional 420 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Lockheed Martin by 18.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,429 shares of the aerospace company’s stock valued at $10,921,000 after acquiring an additional 3,681 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Lockheed Martin by 35.0% during the second quarter. Blair William & Co. IL now owns 42,953 shares of the aerospace company’s stock worth $20,063,000 after purchasing an additional 11,134 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.2 %

Shares of Lockheed Martin stock opened at $483.71 on Thursday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company’s 50 day moving average price is $508.95 and its 200-day moving average price is $535.59. The stock has a market capitalization of $114.66 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 3.76 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $6.77 EPS. Equities research analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Citigroup raised their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research report on Thursday. Robert W. Baird lifted their price target on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, Truist Financial initiated coverage on Lockheed Martin in a report on Tuesday. They issued a “buy” rating and a $579.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.40.

About Lockheed Martin

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.