Franklin Street Advisors Inc. NC Sells 24,100 Shares of Lockheed Martin Co. (NYSE:LMT)

Franklin Street Advisors Inc. NC trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 76.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,232 shares of the aerospace company's stock after selling 24,100 shares during the quarter. Franklin Street Advisors Inc. NC's holdings in Lockheed Martin were worth $3,514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LMT. Dorsey & Whitney Trust CO LLC grew its stake in Lockheed Martin by 6.7% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,603 shares of the aerospace company's stock worth $749,000 after buying an additional 101 shares during the last quarter. AGF Management Ltd. grew its stake in shares of Lockheed Martin by 11.8% during the second quarter. AGF Management Ltd. now owns 7,180 shares of the aerospace company's stock valued at $3,354,000 after purchasing an additional 757 shares during the last quarter. AdvisorShares Investments LLC grew its stake in shares of Lockheed Martin by 9.7% during the second quarter. AdvisorShares Investments LLC now owns 1,030 shares of the aerospace company's stock valued at $480,000 after purchasing an additional 91 shares during the last quarter. Qsemble Capital Management LP grew its stake in shares of Lockheed Martin by 9.9% during the second quarter. Qsemble Capital Management LP now owns 4,559 shares of the aerospace company's stock valued at $2,130,000 after purchasing an additional 412 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its stake in shares of Lockheed Martin by 1.1% during the second quarter. Johnson Investment Counsel Inc. now owns 22,272 shares of the aerospace company's stock valued at $10,403,000 after purchasing an additional 247 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Down 0.2 %

LMT traded down $1.01 during mid-day trading on Friday, hitting $467.84. The stock had a trading volume of 1,127,372 shares, compared to its average volume of 1,145,476. The stock's fifty day simple moving average is $512.94 and its 200-day simple moving average is $534.43. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market capitalization of $110.89 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. The company 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 business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $6.77 earnings per share. As a group, research analysts forecast that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LMT. Barclays decreased their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research note on Monday. Royal Bank of Canada decreased their price target 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. JPMorgan Chase & Co. increased their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. UBS Group increased 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, Wells Fargo & Company cut their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $591.21.

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.