Schechter Investment Advisors LLC Has $1.48 Million Position in Lockheed Martin Co. (NYSE:LMT)

Schechter Investment Advisors LLC lowered its holdings in Lockheed Martin Co. (NYSE:LMTGet Rating) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,819 shares of the aerospace company’s stock after selling 133 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Lockheed Martin were worth $1,476,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. B. Riley Wealth Management Inc. boosted its stake in Lockheed Martin by 19.8% in the second quarter. B. Riley Wealth Management Inc. now owns 10,268 shares of the aerospace company’s stock worth $4,415,000 after purchasing an additional 1,694 shares in the last quarter. Patron Partners LLC boosted its stake in Lockheed Martin by 4.1% in the third quarter. Patron Partners LLC now owns 1,666 shares of the aerospace company’s stock worth $644,000 after purchasing an additional 66 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Lockheed Martin by 10.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,356 shares of the aerospace company’s stock valued at $1,443,000 after acquiring an additional 304 shares during the period. Colony Group LLC lifted its stake in shares of Lockheed Martin by 14.2% during the second quarter. Colony Group LLC now owns 5,559 shares of the aerospace company’s stock valued at $2,390,000 after acquiring an additional 693 shares during the period. Finally, First Merchants Corp lifted its stake in shares of Lockheed Martin by 9.1% during the third quarter. First Merchants Corp now owns 10,253 shares of the aerospace company’s stock valued at $3,961,000 after acquiring an additional 854 shares during the period. Institutional investors and hedge funds own 75.18% of the company’s stock.

Lockheed Martin Stock Up 1.8 %

Shares of Lockheed Martin stock opened at $449.23 on Wednesday. Lockheed Martin Co. has a 1 year low of $370.78 and a 1 year high of $498.95. The business has a 50-day moving average of $474.66 and a two-hundred day moving average of $444.10. The company has a market capitalization of $117.73 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.59 and a beta of 0.73. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.28 and a quick ratio of 1.09.

Lockheed Martin (NYSE:LMTGet Rating) last announced its quarterly earnings results on Tuesday, January 24th. The aerospace company reported $7.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.37 by $0.42. Lockheed Martin had a return on equity of 65.16% and a net margin of 9.07%. The company had revenue of $18.99 billion during the quarter, compared to the consensus estimate of $18.25 billion. During the same period in the prior year, the company earned $7.47 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities analysts predict that Lockheed Martin Co. will post 26.96 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Susquehanna Bancshares cut their price target on Lockheed Martin from $539.00 to $510.00 and set a “positive” rating on the stock in a research note on Wednesday, October 19th. The Goldman Sachs Group lowered Lockheed Martin from a “neutral” rating to a “sell” rating and cut their price target for the company from $388.00 to $332.00 in a research note on Friday, January 13th. Wells Fargo & Company upped their price target on Lockheed Martin from $417.00 to $422.00 in a research note on Wednesday. Credit Suisse Group upped their price target on Lockheed Martin from $375.00 to $384.00 and gave the company an “underperform” rating in a research note on Wednesday, October 19th. Finally, Susquehanna increased their target price on Lockheed Martin from $510.00 to $512.00 in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $470.00.

About Lockheed Martin

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Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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