Householder Group Estate & Retirement Specialist LLC Decreases Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Householder Group Estate & Retirement Specialist LLC lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 73.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 563 shares of the aerospace company's stock after selling 1,545 shares during the quarter. Householder Group Estate & Retirement Specialist LLC's holdings in Lockheed Martin were worth $273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Lockheed Martin by 1.8% during the third quarter. Geode Capital Management LLC now owns 4,827,645 shares of the aerospace company's stock worth $2,816,898,000 after purchasing an additional 83,997 shares during the last quarter. FMR LLC grew its holdings in shares of Lockheed Martin by 6.6% in the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company's stock valued at $1,981,088,000 after acquiring an additional 209,591 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Lockheed Martin by 8.5% during the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock valued at $1,797,437,000 after acquiring an additional 240,306 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Lockheed Martin by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company's stock worth $902,714,000 after acquiring an additional 31,545 shares during the period. Finally, International Assets Investment Management LLC boosted its position in Lockheed Martin by 60,592.0% in the third quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock worth $911,433,000 after purchasing an additional 1,556,609 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of NYSE LMT traded up $3.74 during midday 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 business's fifty day moving average price is $504.80 and its two-hundred day moving average price is $535.05. 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 current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LMT. Wells Fargo & Company decreased their target price on Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 8th. TD Cowen boosted 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. Susquehanna decreased their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. UBS Group upped their price objective on Lockheed Martin from $589.00 to $603.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of "Moderate Buy" and an average 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.