Cadinha & Co. LLC Sells 26,138 Shares of Lockheed Martin Co. (NYSE:LMT)

Cadinha & Co. LLC lowered its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 93.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,976 shares of the aerospace company's stock after selling 26,138 shares during the period. Cadinha & Co. LLC's holdings in Lockheed Martin were worth $960,000 at the end of the most recent reporting period.

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

Lockheed Martin Price Performance

Shares of NYSE:LMT traded up $3.74 during trading on Friday, hitting $490.60. 1,331,181 shares of the company's stock were exchanged, compared to its average volume of 1,037,778. The company has a market cap of $116.29 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. 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 Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The business's 50-day simple moving average is $504.80 and its 200 day simple moving average is $535.54.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analysts' expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.77 EPS. As a group, equities analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TD Cowen raised their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Robert W. Baird upped their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. UBS Group increased their target price on Lockheed Martin from $589.00 to $603.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada dropped their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Finally, Truist Financial started coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $584.40.

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.