Pure Financial Advisors LLC Sells 128 Shares of Lockheed Martin Co. (NYSE:LMT)

Pure Financial Advisors LLC trimmed its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,711 shares of the aerospace company’s stock after selling 128 shares during the quarter. Pure Financial Advisors LLC’s holdings in Lockheed Martin were worth $1,803,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in Lockheed Martin by 7.3% during the second quarter. Pacer Advisors Inc. now owns 25,279 shares of the aerospace company’s stock worth $11,808,000 after buying an additional 1,724 shares during the last quarter. Sei Investments Co. increased its stake in shares of Lockheed Martin by 60.2% during the 2nd quarter. Sei Investments Co. now owns 71,344 shares of the aerospace company’s stock worth $33,327,000 after purchasing an additional 26,797 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Lockheed Martin by 6.0% during the 2nd quarter. ProShare Advisors LLC now owns 33,727 shares of the aerospace company’s stock worth $15,754,000 after purchasing an additional 1,921 shares during the last quarter. Frank Rimerman Advisors LLC raised its holdings in shares of Lockheed Martin by 52,325.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,097 shares of the aerospace company’s stock worth $980,000 after purchasing an additional 2,093 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Lockheed Martin by 168.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,020 shares of the aerospace company’s stock valued at $1,411,000 after purchasing an additional 1,895 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

LMT stock opened at $490.60 on Tuesday. The firm has a 50 day simple moving average of $504.80 and a two-hundred day simple moving average of $536.03. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The stock has a market cap of $116.29 billion, a PE ratio of 17.76, a P/E/G ratio of 3.96 and a beta of 0.48. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the prior year, the firm earned $6.77 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. On average, analysts predict that Lockheed Martin Co. will post 26.8 EPS for the current fiscal year.

Analysts Set New Price Targets

LMT has been the topic of several research reports. TD Cowen boosted their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird boosted their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Royal Bank of Canada lowered their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Barclays reduced their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $584.40.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.