Lockheed Martin Co. (NYSE:LMT) Shares Sold by Accel Wealth Management

Accel Wealth Management reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,121 shares of the aerospace company’s stock after selling 78 shares during the period. Accel Wealth Management’s holdings in Lockheed Martin were worth $545,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the third quarter valued at about $26,000. Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin in the third quarter worth $32,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin during the second quarter valued at $27,000. Capital Performance Advisors LLP purchased a new stake in Lockheed Martin in the third quarter valued at $40,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at about $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LMT has been the subject of several recent research reports. Barclays cut their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. UBS Group increased their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Susquehanna decreased their target price 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. Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Trading Down 0.1 %

Shares of LMT opened at $496.96 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The firm has a 50-day moving average price of $499.24 and a 200 day moving average price of $536.23. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The firm has a market capitalization of $117.80 billion, a P/E ratio of 17.99, a P/E/G ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate 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 was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.77 EPS. Sell-side analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current year.

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.