NorthCrest Asset Manangement LLC Sells 33 Shares of Lockheed Martin Co. (NYSE:LMT)

NorthCrest Asset Manangement LLC decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,156 shares of the aerospace company’s stock after selling 33 shares during the quarter. Lockheed Martin comprises approximately 0.9% of NorthCrest Asset Manangement LLC’s investment portfolio, making the stock its 24th largest position. NorthCrest Asset Manangement LLC’s holdings in Lockheed Martin were worth $28,260,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin in the third quarter valued at approximately $26,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at $27,000. Burkett Financial Services LLC bought a new position in Lockheed Martin during the third quarter worth $32,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin in the third quarter worth $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in Lockheed Martin in the third quarter valued at $42,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Down 0.4 %

Shares of LMT traded down $1.95 during trading hours on Friday, reaching $466.90. 433,204 shares of the stock traded hands, compared to its average volume of 1,023,949. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock has a fifty day simple moving average of $512.94 and a 200 day simple moving average of $534.43. The company has a market cap of $110.67 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.77 EPS. On average, equities analysts forecast that Lockheed Martin Co. will post 26.88 EPS for the current year.

Analyst Ratings Changes

LMT has been the topic of a number of research analyst reports. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. increased their price target on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Wells Fargo & Company decreased their price objective on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, UBS Group boosted their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $591.21.

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.