Duncan Williams Asset Management LLC Lowers Position in Lockheed Martin Co. (NYSE:LMT)

Duncan Williams Asset Management LLC cut its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 12.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,662 shares of the aerospace company’s stock after selling 237 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in Lockheed Martin were worth $971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of LMT. Cibc World Markets Corp boosted its holdings in Lockheed Martin by 106.3% during the 4th quarter. Cibc World Markets Corp now owns 31,292 shares of the aerospace company’s stock valued at $14,183,000 after acquiring an additional 16,121 shares during the period. Exencial Wealth Advisors LLC boosted its holdings in Lockheed Martin by 7.4% during the 4th quarter. Exencial Wealth Advisors LLC now owns 4,825 shares of the aerospace company’s stock valued at $2,187,000 after acquiring an additional 332 shares during the period. Stephens Inc. AR boosted its holdings in Lockheed Martin by 4.5% during the 4th quarter. Stephens Inc. AR now owns 20,762 shares of the aerospace company’s stock valued at $9,410,000 after acquiring an additional 895 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Lockheed Martin by 1.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 716,832 shares of the aerospace company’s stock valued at $324,897,000 after acquiring an additional 9,136 shares during the period. Finally, Angeles Wealth Management LLC purchased a new position in Lockheed Martin during the 4th quarter valued at about $320,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the transaction, the insider now directly owns 8,877 shares in the company, valued at approximately $4,574,850.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LMT shares. UBS Group increased their price target on Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Bank of America reaffirmed a “buy” rating and issued a $635.00 price target on shares of Lockheed Martin in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft increased their price target on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Barclays raised their target price on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus target price of $554.86.

Lockheed Martin Trading Up 0.4 %

NYSE:LMT opened at $605.82 on Friday. The stock’s 50 day moving average price is $564.10 and its 200 day moving average price is $498.01. The company has a market capitalization of $145.36 billion, a PE ratio of 22.17, a P/E/G ratio of 4.66 and a beta of 0.47. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $611.49.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The firm had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. During the same quarter last year, the business posted $6.73 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Lockheed Martin Co. will post 26.65 EPS for the current 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.