Lockheed Martin Co. (NYSE:LMT) is Confluence Investment Management LLC’s 5th Largest Position

Confluence Investment Management LLC lowered its position in Lockheed Martin Co. (NYSE:LMT) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 308,095 shares of the aerospace company’s stock after selling 4,567 shares during the quarter. Lockheed Martin comprises about 2.1% of Confluence Investment Management LLC’s portfolio, making the stock its 5th largest position. Confluence Investment Management LLC’s holdings in Lockheed Martin were worth $149,716,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LMT. Geode Capital Management LLC boosted its stake in shares of Lockheed Martin by 1.8% during the third quarter. Geode Capital Management LLC now owns 4,827,645 shares of the aerospace company’s stock valued at $2,816,898,000 after purchasing an additional 83,997 shares during the period. FMR LLC boosted its position in Lockheed Martin by 6.6% in the 3rd quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock valued at $1,981,088,000 after buying an additional 209,591 shares during the period. Wellington Management Group LLP grew its stake in Lockheed Martin by 8.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock worth $1,797,437,000 after acquiring an additional 240,306 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Lockheed Martin by 1.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company’s stock worth $902,714,000 after acquiring an additional 31,545 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Lockheed Martin by 60,592.0% during the third quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company’s stock worth $911,433,000 after acquiring an additional 1,556,609 shares during the period. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LMT shares. Wells Fargo & Company dropped their price objective on Lockheed Martin from $602.00 to $543.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Robert W. Baird upped their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the company from $611.00 to $523.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $605.36.

Lockheed Martin Stock Down 0.2 %

NYSE:LMT traded down $0.76 during midday trading on Thursday, reaching $485.18. 234,527 shares of the stock traded hands, compared to its average volume of 1,092,156. The business has a 50-day moving average of $522.71 and a two-hundred day moving average of $534.54. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The stock has a market capitalization of $115.00 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 4.05 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping 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 firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter last year, the firm earned $6.77 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts forecast that Lockheed Martin Co. will post 26.88 earnings per share for the current fiscal year.

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.