Carderock Capital Management Inc. Sells 1,117 Shares of Lockheed Martin Co. (NYSE:LMT)

Carderock Capital Management Inc. cut its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,977 shares of the aerospace company's stock after selling 1,117 shares during the period. Carderock Capital Management Inc.'s holdings in Lockheed Martin were worth $4,362,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the third quarter worth $26,000. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth about $27,000. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in Lockheed Martin in the third quarter worth about $42,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Up 0.8 %

NYSE LMT traded up $3.74 on Friday, reaching $490.60. 1,331,181 shares of the stock traded hands, compared to its average volume of 1,037,778. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. 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 fifty day moving average price of $504.80 and a 200-day moving average price of $535.05. 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 (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the company posted $6.77 earnings per share. The firm's quarterly revenue was up 1.3% on a year-over-year basis. As a group, research analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Analyst Ratings Changes

LMT has been the topic of a number of recent research reports. Susquehanna decreased their price objective on Lockheed Martin from $695.00 to $590.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Citigroup increased their price target on Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a report on Thursday, October 10th. UBS Group lifted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reduced their target price on shares of 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, Robert W. Baird lifted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.