Members Capital Advisors Inc. Reduces Stake in Lockheed Martin Co. (NYSE:LMT)

Members Capital Advisors Inc. lowered its holdings in Lockheed Martin Co. (NYSE:LMT) by 90.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 409 shares of the aerospace company’s stock after selling 3,722 shares during the quarter. Lockheed Martin comprises 0.5% of Members Capital Advisors Inc.’s investment portfolio, making the stock its 19th biggest holding. Members Capital Advisors Inc.’s holdings in Lockheed Martin were worth $185,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LMT. Bank Julius Baer & Co. Ltd Zurich grew its stake in Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after buying an additional 27 shares during the last quarter. Activest Wealth Management grew its stake in Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after buying an additional 60 shares during the last quarter. Milestone Investment Advisors LLC purchased a new position in Lockheed Martin during the 3rd quarter worth approximately $33,000. Iron Horse Wealth Management LLC grew its stake in Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after buying an additional 77 shares during the last quarter. Finally, Providence Capital Advisors LLC purchased a new position in Lockheed Martin during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of several analyst reports. Susquehanna lowered their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Citigroup lifted their target price on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Finally, The Goldman Sachs Group lowered their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $479.90.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded down $0.95 during trading on Wednesday, reaching $459.13. The company’s stock had a trading volume of 1,018,454 shares, compared to its average volume of 1,174,945. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $480.92. The company has a market capitalization of $110.42 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48. The business has a 50 day moving average price of $442.16 and a 200-day moving average price of $444.14.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.53. The firm had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. Lockheed Martin’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $6.43 earnings per share. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 26.13 EPS for the current year.

Insider Buying and Selling

In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.14% of the stock is owned by insiders.

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.