Lockheed Martin Co. (NYSE:LMT) Shares Sold by BigSur Wealth Management LLC

BigSur Wealth Management LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 34.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,780 shares of the aerospace company's stock after selling 2,000 shares during the period. BigSur Wealth Management LLC's holdings in Lockheed Martin were worth $1,837,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LMT. CVA Family Office LLC lifted its holdings in Lockheed Martin by 1.1% during the third quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company's stock worth $905,000 after buying an additional 17 shares during the period. AllGen Financial Advisors Inc. boosted its position in Lockheed Martin by 4.0% during the third quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company's stock valued at $274,000 after purchasing an additional 18 shares in the last quarter. Salomon & Ludwin LLC grew its stake in Lockheed Martin by 20.5% in the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company's stock valued at $62,000 after purchasing an additional 18 shares during the last quarter. Sunburst Financial Group LLC boosted its holdings in shares of Lockheed Martin by 3.3% in the 3rd quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company's stock valued at $331,000 after buying an additional 18 shares in the last quarter. Finally, Quad Cities Investment Group LLC grew its position in shares of Lockheed Martin by 1.2% in the 3rd quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company's stock worth $919,000 after buying an additional 19 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Up 0.8 %

LMT stock traded up $3.74 during trading on Monday, reaching $490.60. 1,331,181 shares of the stock were exchanged, compared to its average volume of 1,037,778. The business has a 50 day moving average price of $504.80 and a 200-day moving average price of $536.03. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year 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 firm has a market capitalization of $116.29 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 3.76 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data 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. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same period last year, the company earned $6.77 EPS. The company's quarterly revenue was up 1.3% on a year-over-year basis. On average, research analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on LMT. JPMorgan Chase & Co. decreased 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. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a "buy" rating to a "hold" rating and dropped their target price for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Wells Fargo & Company decreased their price target on 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. Royal Bank of Canada dropped their price target on Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Finally, TD Cowen increased their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $584.40.

Lockheed Martin 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.