International Assets Investment Management LLC Has $1.69 Million Stake in Lockheed Martin Co. (NYSE:LMT)

International Assets Investment Management LLC cut its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 99.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,499 shares of the aerospace company’s stock after selling 1,555,679 shares during the quarter. International Assets Investment Management LLC’s holdings in Lockheed Martin were worth $1,687,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Park National Corp OH increased its position in Lockheed Martin by 0.7% during the 4th quarter. Park National Corp OH now owns 72,846 shares of the aerospace company’s stock valued at $35,399,000 after purchasing an additional 482 shares during the period. Innova Wealth Partners acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $269,000. Range Financial Group LLC raised its stake in Lockheed Martin by 158.2% during the fourth quarter. Range Financial Group LLC now owns 2,505 shares of the aerospace company’s stock worth $1,217,000 after buying an additional 1,535 shares during the last quarter. Bath Savings Trust Co lifted its holdings in Lockheed Martin by 7.5% in the fourth quarter. Bath Savings Trust Co now owns 10,820 shares of the aerospace company’s stock valued at $5,258,000 after buying an additional 758 shares during the period. Finally, Diversified Trust Co boosted its position in Lockheed Martin by 6.0% during the fourth quarter. Diversified Trust Co now owns 9,009 shares of the aerospace company’s stock valued at $4,378,000 after acquiring an additional 506 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LMT shares. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Barclays dropped their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday. Susquehanna cut their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Finally, UBS Group increased their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $591.21.

Lockheed Martin Price Performance

LMT stock opened at $468.61 on Thursday. The company has a market capitalization of $111.08 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The business has a 50-day simple moving average of $514.50 and a two-hundred day simple moving average of $534.89. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

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, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the prior year, the company posted $6.77 earnings per share. Lockheed Martin’s revenue was up 1.3% compared to the same quarter last year. Research analysts expect that Lockheed Martin Co. will post 26.88 EPS 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.