Brooks Moore & Associates Inc. Sells 276 Shares of Lockheed Martin Co. (NYSE:LMT)

Brooks Moore & Associates Inc. trimmed its stake in Lockheed Martin Co. (NYSE:LMT) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,152 shares of the aerospace company’s stock after selling 276 shares during the period. Lockheed Martin makes up about 1.5% of Brooks Moore & Associates Inc.’s portfolio, making the stock its 27th biggest position. Brooks Moore & Associates Inc.’s holdings in Lockheed Martin were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Millstone Evans Group LLC purchased a new position in shares of Lockheed Martin during the 4th quarter worth about $32,000. Mizuho Securities Co. Ltd. bought a new stake in Lockheed Martin during the 4th quarter valued at $34,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the 4th quarter worth $35,000. Redwood Park Advisors LLC purchased a new stake in Lockheed Martin in the fourth quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Lockheed Martin during the 4th quarter worth about $42,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.3 %

NYSE LMT opened at $471.54 on Tuesday. The company has a market cap of $110.48 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The business has a fifty day moving average price of $460.04 and a 200 day moving average price of $485.29. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LMT shares. Melius Research downgraded shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Baird R W upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Wells Fargo & Company decreased their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Finally, Citigroup cut their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and an average price target of $541.80.

Insiders Place Their Bets

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 over the last 90 days. 0.14% of the stock is owned by company insiders.

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.