Radnor Capital Management LLC Sells 95 Shares of Lockheed Martin Co. (NYSE:LMT)

Radnor Capital Management LLC reduced its position in shares of Lockheed Martin Co. (NYSE:LMT) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,970 shares of the aerospace company’s stock after selling 95 shares during the period. Radnor Capital Management LLC’s holdings in Lockheed Martin were worth $1,443,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin during the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin in the second quarter worth $27,000. Burkett Financial Services LLC acquired a new position in Lockheed Martin during the third quarter worth $32,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin in the third quarter valued at $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin in the 3rd quarter valued at $42,000. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on LMT shares. Citigroup increased their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Susquehanna reduced their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. UBS Group boosted their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and cut their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, Robert W. Baird raised their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $590.40.

Lockheed Martin Stock Up 0.2 %

Lockheed Martin stock opened at $484.08 on Wednesday. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The stock has a market cap of $114.74 billion, a P/E ratio of 17.53, a P/E/G ratio of 4.05 and a beta of 0.48. The company’s 50-day moving average price is $508.95 and its two-hundred day moving average price is $535.59. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

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. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $6.77 earnings per share. As a group, analysts expect that Lockheed Martin Co. will post 26.88 EPS 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.