MONECO Advisors LLC lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 5.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 506 shares of the aerospace company’s stock after selling 28 shares during the quarter. MONECO Advisors LLC’s holdings in Lockheed Martin were worth $215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Accurate Investment Solutions Inc. boosted its position in shares of Lockheed Martin by 257.1% during the third quarter. Accurate Investment Solutions Inc. now owns 75 shares of the aerospace company’s stock valued at $29,000 after buying an additional 54 shares during the last quarter. KCS Wealth Advisory bought a new position in Lockheed Martin during the third quarter valued at approximately $37,000. NewSquare Capital LLC bought a new position in Lockheed Martin during the second quarter valued at approximately $42,000. Ellis Investment Partners LLC lifted its position in Lockheed Martin by 41.2% during the third quarter. Ellis Investment Partners LLC now owns 137 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 40 shares during the period. Finally, North Star Investment Management Corp. purchased a new stake in Lockheed Martin in the third quarter worth approximately $65,000. 78.86% of the stock is owned by institutional investors.

Shares of Lockheed Martin stock traded up $0.49 on Tuesday, hitting $426.15. 1,071,417 shares of the company’s stock were exchanged, compared to its average volume of 1,353,832. Lockheed Martin Co. has a 1 year low of $278.00 and a 1 year high of $427.78. The company has a 50-day simple moving average of $399.41 and a 200-day simple moving average of $384.07. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.05 and a current ratio of 1.28. The stock has a market capitalization of $120.07 billion, a PE ratio of 20.25, a PEG ratio of 2.47 and a beta of 0.94.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $5.66 EPS for the quarter, topping the consensus estimate of $5.02 by $0.64. Lockheed Martin had a return on equity of 221.59% and a net margin of 10.26%. The firm had revenue of $15.17 billion during the quarter, compared to analyst estimates of $14.87 billion. During the same period in the prior year, the business posted $5.14 EPS. Lockheed Martin’s revenue was up 6.0% on a year-over-year basis. On average, analysts expect that Lockheed Martin Co. will post 21.62 EPS for the current fiscal year.

Lockheed Martin announced that its board has initiated a stock buyback plan on Thursday, September 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the aerospace company to buy up to 1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

A number of brokerages have weighed in on LMT. Morgan Stanley boosted their target price on shares of Lockheed Martin from $364.00 to $375.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $395.00 to $360.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Barclays restated a “hold” rating and issued a $410.00 price target on shares of Lockheed Martin in a research note on Wednesday, October 9th. Buckingham Research lifted their price objective on Lockheed Martin from $405.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. They noted that the move was a valuation call. Finally, UBS Group upped their price objective on Lockheed Martin from $440.00 to $470.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $387.91.

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 (MFC), Rotary and Mission Systems (RMS), and Space.

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

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