ARS Wealth Advisors Group LLC Sells 137 Shares of Lockheed Martin Co. (NYSE:LMT)

ARS Wealth Advisors Group LLC reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,022 shares of the aerospace company’s stock after selling 137 shares during the quarter. Lockheed Martin comprises about 1.0% of ARS Wealth Advisors Group LLC’s portfolio, making the stock its 28th biggest position. ARS Wealth Advisors Group LLC’s holdings in Lockheed Martin were worth $7,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Federated Hermes Inc. increased its position in shares of Lockheed Martin by 686.0% in the 2nd quarter. Federated Hermes Inc. now owns 34,774 shares of the aerospace company’s stock valued at $16,243,000 after buying an additional 30,350 shares in the last quarter. Quantbot Technologies LP lifted its position in Lockheed Martin by 39.0% in the 2nd quarter. Quantbot Technologies LP now owns 9,050 shares of the aerospace company’s stock valued at $4,227,000 after acquiring an additional 2,537 shares in the last quarter. One Capital Management LLC increased its holdings in Lockheed Martin by 1.4% during the 2nd quarter. One Capital Management LLC now owns 10,508 shares of the aerospace company’s stock worth $4,908,000 after purchasing an additional 141 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Lockheed Martin by 179.6% in the 2nd quarter. Renaissance Technologies LLC now owns 149,300 shares of the aerospace company’s stock valued at $69,738,000 after purchasing an additional 95,900 shares during the period. Finally, Wulff Hansen & CO. lifted its holdings in shares of Lockheed Martin by 56,626.7% in the second quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company’s stock valued at $476,947,000 after purchasing an additional 1,019,281 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the topic of several research reports. Wells Fargo & Company cut their target price on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Citigroup raised their price target on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Royal Bank of Canada decreased their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Barclays decreased 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 report on Monday, January 6th. Finally, JPMorgan Chase & Co. lifted their price target on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $590.40.

Lockheed Martin Trading Down 0.2 %

Shares of Lockheed Martin stock traded down $0.90 during midday trading on Wednesday, reaching $483.56. The company had a trading volume of 98,618 shares, compared to its average volume of 1,059,924. The firm has a market cap of $114.62 billion, a PE ratio of 17.51, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. 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 fifty day moving average price of $508.95 and a 200 day moving average price of $535.59.

Lockheed Martin (NYSE:LMT) last announced its earnings results 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 net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter last year, the firm earned $6.77 earnings per share. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts anticipate that Lockheed Martin Co. will post 26.88 earnings per share 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.