Courier Capital LLC Has $6.92 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Courier Capital LLC lessened its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 7.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,242 shares of the aerospace company’s stock after selling 1,139 shares during the quarter. Courier Capital LLC’s holdings in Lockheed Martin were worth $6,921,000 at the end of the most recent quarter.

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

Lockheed Martin Trading Up 3.4 %

Lockheed Martin stock traded up $15.71 during trading hours on Monday, hitting $483.76. The stock had a trading volume of 1,434,510 shares, compared to its average volume of 1,179,104. The business’s 50 day simple moving average is $511.39 and its 200-day simple moving average is $535.35. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The stock has a market cap of $114.67 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 4.05 and a beta of 0.48. 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 quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) 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 analysts’ expectations of $17.38 billion. During the same period in the prior year, the company posted $6.77 EPS. The company’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts predict that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Analysts Set New Price Targets

LMT has been the topic of several research analyst reports. TD Cowen boosted their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price objective on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Susquehanna lowered their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, Citigroup boosted their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $591.21.

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.