Raab & Moskowitz Asset Management LLC Reduces Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Raab & Moskowitz Asset Management LLC reduced its stake in Lockheed Martin Co. (NYSE:LMT) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,755 shares of the aerospace company’s stock after selling 44 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Lockheed Martin were worth $795,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 27 shares during the last quarter. Activest Wealth Management grew its position in shares of Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 60 shares during the last quarter. Milestone Investment Advisors LLC purchased a new position in shares of Lockheed Martin during the third quarter worth approximately $33,000. Providence Capital Advisors LLC purchased a new position in shares of Lockheed Martin during the third quarter worth approximately $35,000. Finally, Iron Horse Wealth Management LLC grew its position in shares of Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 77 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LMT shares. Royal Bank of Canada lowered their target price on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $475.00 to $518.00 in a research report on Monday, April 15th. UBS Group lifted their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday. Morgan Stanley lowered their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Finally, The Goldman Sachs Group lowered their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $485.40.

Insider Buying and Selling at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is owned by company insiders.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $461.29 on Friday. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.03 and a current ratio of 1.30. The business has a fifty day moving average of $443.74 and a two-hundred day moving average of $444.53. The company has a market cap of $110.68 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 4.22 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter last year, the company earned $6.43 earnings per share. Lockheed Martin’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, analysts predict that Lockheed Martin Co. will post 26.16 earnings per share for the current fiscal year.

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.