Fulton Breakefield Broenniman LLC Sells 166 Shares of Lockheed Martin Co. (NYSE:LMT)

Fulton Breakefield Broenniman LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 17.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 790 shares of the aerospace company’s stock after selling 166 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Lockheed Martin were worth $358,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich grew its position in Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares during the last quarter. Activest Wealth Management grew its position in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the last quarter. Milestone Investment Advisors LLC bought a new position in Lockheed Martin in the 3rd quarter valued at $33,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after buying an additional 77 shares during the period. Finally, Providence Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter worth $35,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.8 %

Lockheed Martin stock traded down $3.49 during midday trading on Friday, reaching $461.29. The company’s stock had a trading volume of 857,964 shares, compared to its average volume of 1,102,151. The stock’s 50-day simple moving average is $443.74 and its 200-day simple moving average is $444.46. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.03. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The stock has a market capitalization of $110.68 billion, a P/E ratio of 16.88, a PEG ratio of 4.25 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company earned $6.43 earnings per share. On average, sell-side analysts expect that Lockheed Martin Co. will post 26.05 EPS for the current year.

Insider Buying and Selling

In related news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 over the last ninety days. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on LMT shares. UBS Group upped their target price on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday. Wells Fargo & Company upped their price objective on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday. Citigroup upped their price objective on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley decreased their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $485.40.

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.