MCF Advisors LLC Sells 46 Shares of Lockheed Martin Co. (NYSE:LMT)

MCF Advisors LLC trimmed its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,110 shares of the aerospace company’s stock after selling 46 shares during the quarter. MCF Advisors LLC’s holdings in Lockheed Martin were worth $539,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LMT. Bank of Montreal Can boosted its position in Lockheed Martin by 2.1% during the 3rd quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company’s stock valued at $382,498,000 after acquiring an additional 13,253 shares in the last quarter. Virtue Capital Management LLC raised its holdings in Lockheed Martin by 112.8% in the 3rd quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company’s stock valued at $1,315,000 after acquiring an additional 1,192 shares during the last quarter. Hilltop Holdings Inc. lifted its stake in shares of Lockheed Martin by 79.9% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company’s stock valued at $7,054,000 after purchasing an additional 5,361 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in Lockheed Martin by 2.2% during the 4th quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company’s stock worth $44,770,000 after acquiring an additional 2,011 shares in the last quarter. Finally, Old West Investment Management LLC raised its holdings in Lockheed Martin by 6.6% in the third quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company’s stock valued at $15,569,000 after acquiring an additional 1,643 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $506.57 on Wednesday. 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 market capitalization of $120.08 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 3.96 and a beta of 0.48. The stock has a fifty day moving average of $503.20 and a two-hundred day moving average of $536.20. 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 (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the previous year, the company posted $6.77 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts anticipate that Lockheed Martin Co. will post 26.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LMT. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. TD Cowen upped their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Finally, Citigroup lowered their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $577.73.

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.