Albion Financial Group UT Sells 424 Shares of Lockheed Martin Co. (NYSE:LMT)

Albion Financial Group UT trimmed its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,719 shares of the aerospace company’s stock after selling 424 shares during the period. Lockheed Martin accounts for about 1.0% of Albion Financial Group UT’s portfolio, making the stock its 27th biggest holding. Albion Financial Group UT’s holdings in Lockheed Martin were worth $14,927,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several research firms recently commented on LMT. Susquehanna decreased their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price 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. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price target for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Finally, Robert W. Baird upped their target price on Lockheed Martin from $519.00 to $626.00 in a research report 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $506.57 on Wednesday. The company’s 50 day moving average price is $502.01 and its two-hundred day moving average price is $536.51. The firm has a market capitalization of $120.08 billion, a P/E ratio of 18.34, a P/E/G ratio of 3.96 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.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data 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. The company had revenue of $17.10 billion for 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%. Lockheed Martin’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $6.77 EPS. On average, equities analysts forecast that Lockheed Martin Co. will post 26.8 earnings per share for the current fiscal 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.