Mountain Capital Investment Advisors Inc Sells 370 Shares of Lockheed Martin Co. (NYSE:LMT)


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Mountain Capital Investment Advisors Inc lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,617 shares of the aerospace company’s stock after selling 370 shares during the quarter. Mountain Capital Investment Advisors Inc’s holdings in Lockheed Martin were worth $1,221,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. boosted its position in Lockheed Martin by 1.4% during the third quarter. BlackRock Inc. now owns 17,216,150 shares of the aerospace company’s stock worth $6,598,608,000 after purchasing an additional 230,570 shares during the period. FMR LLC boosted its position in Lockheed Martin by 42.0% during the second quarter. FMR LLC now owns 3,368,655 shares of the aerospace company’s stock worth $1,229,291,000 after purchasing an additional 995,998 shares during the period. Morgan Stanley boosted its position in Lockheed Martin by 8.7% during the third quarter. Morgan Stanley now owns 3,110,828 shares of the aerospace company’s stock worth $1,192,319,000 after purchasing an additional 249,683 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Lockheed Martin by 0.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,846,261 shares of the aerospace company’s stock worth $1,090,916,000 after purchasing an additional 17,669 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Lockheed Martin by 2.2% in the third quarter. California Public Employees Retirement System now owns 1,252,966 shares of the aerospace company’s stock valued at $480,237,000 after acquiring an additional 27,388 shares during the period. Hedge funds and other institutional investors own 69.37% of the company’s stock.

LMT stock opened at $345.49 on Thursday. The company has a market capitalization of $96.66 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.19 and a beta of 0.93. Lockheed Martin Co. has a one year low of $266.11 and a one year high of $442.53. The company’s 50 day moving average price is $355.90 and its two-hundred day moving average price is $372.48. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.12 and a current ratio of 1.33.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 20th. The aerospace company reported $6.25 EPS for the quarter, topping the consensus estimate of $6.07 by $0.18. The firm had revenue of $16.50 billion for the quarter, compared to the consensus estimate of $16.14 billion. Lockheed Martin had a net margin of 10.18% and a return on equity of 173.43%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $5.66 earnings per share. On average, research analysts predict that Lockheed Martin Co. will post 24.82 EPS for the current year.

A number of research firms have recently commented on LMT. Royal Bank of Canada raised their price objective on shares of Lockheed Martin from $405.00 to $414.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 21st. ValuEngine lowered shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Wednesday, October 21st. Morgan Stanley cut their price objective on shares of Lockheed Martin from $509.00 to $480.00 and set an “overweight” rating for the company in a research report on Thursday, January 7th. Cowen restated a “buy” rating and issued a $410.00 price objective on shares of Lockheed Martin in a research report on Friday, November 27th. Finally, The Goldman Sachs Group lowered shares of Lockheed Martin from a “conviction-buy” rating to a “buy” rating in a research report on Sunday, September 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $445.00.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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