GoalVest Advisory LLC Has $1.25 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

GoalVest Advisory LLC lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,577 shares of the aerospace company’s stock after selling 75 shares during the period. GoalVest Advisory LLC’s holdings in Lockheed Martin were worth $1,252,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the third quarter valued at $26,000. Burkett Financial Services LLC acquired a new position in Lockheed Martin in the 3rd quarter worth about $32,000. Mattson Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $42,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on LMT shares. JPMorgan Chase & Co. cut their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Royal Bank of Canada lowered their target price 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. 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. Finally, Wells Fargo & Company lowered their price objective on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average target price of $577.73.

Lockheed Martin Stock Performance

NYSE:LMT opened at $499.41 on Thursday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The firm’s 50-day moving average is $502.01 and its 200-day moving average is $536.51. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a market cap of $118.38 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 4.11 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $6.77 EPS. Equities research analysts anticipate that Lockheed Martin Co. will post 26.81 earnings per share for the current year.

Lockheed Martin Company 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.