First Horizon Advisors Inc. Decreases Holdings in Lockheed Martin Co. (NYSE:LMT)

First Horizon Advisors Inc. reduced its position in Lockheed Martin Co. (NYSE:LMT) by 0.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 64,946 shares of the aerospace company’s stock after selling 76 shares during the period. Lockheed Martin makes up approximately 1.0% of First Horizon Advisors Inc.’s investment portfolio, making the stock its 19th biggest position. First Horizon Advisors Inc.’s holdings in Lockheed Martin were worth $29,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management boosted its position in Lockheed Martin by 3.1% in the 3rd quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock valued at $296,000 after buying an additional 22 shares during the last quarter. Abbrea Capital LLC raised its stake in shares of Lockheed Martin by 1.7% in the 3rd quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock valued at $571,000 after purchasing an additional 23 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Lockheed Martin by 1.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock valued at $584,000 after purchasing an additional 23 shares in the last quarter. Duncker Streett & Co. Inc. raised its stake in shares of Lockheed Martin by 1.2% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock valued at $823,000 after purchasing an additional 24 shares in the last quarter. Finally, Norris Perne & French LLP MI raised its stake in shares of Lockheed Martin by 2.8% in the 4th quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock valued at $410,000 after purchasing an additional 25 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

NYSE LMT traded down $0.52 on Thursday, hitting $461.21. The stock had a trading volume of 273,564 shares, compared to its average volume of 1,147,289. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The stock has a market cap of $110.66 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 4.26 and a beta of 0.46. The company’s 50-day moving average is $446.11 and its two-hundred day moving average is $445.10.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter in the prior year, the firm earned $6.43 EPS. Lockheed Martin’s quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts expect that Lockheed Martin Co. will post 26.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Wells Fargo & Company increased their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Finally, Citigroup increased their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $485.40.

Insiders Place Their Bets

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,874 shares of company stock worth $7,249,946. Insiders own 0.17% of the company’s stock.

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.