Roof Eidam & Maycock ADV lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,909 shares of the aerospace company’s stock after selling 100 shares during the quarter. Lockheed Martin makes up approximately 0.7% of Roof Eidam & Maycock ADV’s holdings, making the stock its 26th biggest holding. Roof Eidam & Maycock ADV’s holdings in Lockheed Martin were worth $1,911,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Accurate Investment Solutions Inc. grew its holdings in Lockheed Martin by 257.1% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 75 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 54 shares during the last quarter. KCS Wealth Advisory bought a new stake in Lockheed Martin during the 3rd quarter worth about $37,000. NewSquare Capital LLC bought a new stake in Lockheed Martin during the 2nd quarter worth about $42,000. Ellis Investment Partners LLC grew its holdings in Lockheed Martin by 41.2% during the 3rd quarter. Ellis Investment Partners LLC now owns 137 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 40 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new stake in Lockheed Martin during the 3rd quarter worth about $65,000. Institutional investors and hedge funds own 78.42% of the company’s stock.
A number of equities research analysts have commented on LMT shares. JPMorgan Chase & Co. decreased their price objective on shares of Lockheed Martin from $395.00 to $360.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley raised their target price on shares of Lockheed Martin from $364.00 to $375.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. UBS Group raised their target price on shares of Lockheed Martin from $440.00 to $470.00 and gave the company a “buy” rating in a research note on Wednesday. ValuEngine lowered shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, Barclays reaffirmed a “hold” rating and issued a $410.00 target price on shares of Lockheed Martin in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $387.91.
Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $5.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.02 by $0.64. The company had revenue of $15.17 billion for the quarter, compared to analyst estimates of $14.87 billion. Lockheed Martin had a net margin of 10.26% and a return on equity of 221.59%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $5.14 EPS. On average, sell-side analysts predict that Lockheed Martin Co. will post 21.62 EPS for the current year.
Lockheed Martin announced that its Board of Directors has authorized a share repurchase plan on Thursday, September 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the aerospace company to purchase up to 1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.
About Lockheed Martin
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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