Acropolis Investment Management LLC Sells 288 Shares of Lockheed Martin Co. (NYSE:LMT)

Acropolis Investment Management LLC lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,675 shares of the aerospace company’s stock after selling 288 shares during the quarter. Acropolis Investment Management LLC’s holdings in Lockheed Martin were worth $1,786,000 at the end of the most recent quarter.

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

Lockheed Martin Trading Up 0.2 %

Shares of Lockheed Martin stock opened at $484.08 on Wednesday. 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 business has a fifty day simple moving average of $508.95 and a two-hundred day simple moving average of $535.59. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company has a market capitalization of $114.74 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $6.77 EPS. Research analysts forecast that Lockheed Martin Co. will post 26.88 EPS for the current year.

Analysts Set New Price Targets

LMT has been the subject of a number of research reports. UBS Group increased their target price on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. TD Cowen increased their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. upped their price target on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Finally, Royal Bank of Canada lowered their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have given 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 currently has an average rating of “Moderate Buy” and an average target price of $590.40.

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.