Schnieders Capital Management LLC Cuts Stock Position in Lockheed Martin Co. (NYSE:LMT)

Schnieders Capital Management LLC lowered its stake in Lockheed Martin Co. (NYSE:LMT) by 26.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,302 shares of the aerospace company’s stock after selling 460 shares during the quarter. Schnieders Capital Management LLC’s holdings in Lockheed Martin were worth $590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in LMT. Bank Julius Baer & Co. Ltd Zurich lifted its position in Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. Activest Wealth Management lifted its position in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares in the last quarter. Milestone Investment Advisors LLC bought a new position in Lockheed Martin in the 3rd quarter valued at approximately $33,000. Providence Capital Advisors LLC bought a new position in Lockheed Martin in the 3rd quarter valued at approximately $35,000. Finally, Iron Horse Wealth Management LLC lifted its position in Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the topic of several analyst reports. Citigroup upped their price objective on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday. Susquehanna lowered their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price target for the company from $475.00 to $518.00 in a report on Monday, April 15th. The Goldman Sachs Group lowered their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday. Finally, Royal Bank of Canada lowered their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $479.90.

Insiders Place Their Bets

In other news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock valued at $7,249,946 over the last 90 days. Insiders own 0.14% of the company’s stock.

Lockheed Martin Trading Down 0.2 %

Shares of NYSE:LMT traded down $0.94 during trading on Wednesday, reaching $459.14. The company’s stock had a trading volume of 1,015,106 shares, compared to its average volume of 1,174,914. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $480.92. The firm’s 50 day simple moving average is $441.34 and its two-hundred day simple moving average is $444.04. The stock has a market capitalization of $110.42 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $6.43 earnings per share. On average, research analysts predict that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

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.