Federated Hermes Inc. Lowers Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Federated Hermes Inc. trimmed its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 39.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,806 shares of the aerospace company's stock after selling 3,145 shares during the period. Federated Hermes Inc.'s holdings in Lockheed Martin were worth $2,178,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Bank Julius Baer & Co. Ltd Zurich raised 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 buying an additional 27 shares during the last quarter. Activest Wealth Management lifted its position in shares of Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company's stock worth $30,000 after purchasing an additional 60 shares in the last quarter. Milestone Investment Advisors LLC acquired a new position in Lockheed Martin during the third quarter worth $33,000. Providence Capital Advisors LLC bought a new position in Lockheed Martin in the third quarter valued at $35,000. Finally, Iron Horse Wealth Management LLC increased its stake in 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 valued at $37,000 after buying an additional 77 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Maryanne Lavan sold 4,022 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares of the company's stock, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Trading Up 1.4 %

NYSE LMT traded up $6.27 during mid-day trading on Monday, reaching $467.56. 951,408 shares of the stock were exchanged, compared to its average volume of 1,165,355. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The stock has a 50 day simple moving average of $444.61 and a 200-day simple moving average of $444.82. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The stock has a market cap of $112.19 billion, a P/E ratio of 17.11, a P/E/G ratio of 4.22 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. The firm's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.43 EPS. On average, analysts anticipate that Lockheed Martin Co. will post 26.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Royal Bank of Canada lowered their target price on Lockheed Martin from $475.00 to $470.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 24th. Susquehanna dropped their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a "positive" rating on the stock in a research report on Wednesday, January 24th. Wells Fargo & Company boosted 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. The Goldman Sachs Group lowered their price objective on Lockheed Martin from $380.00 to $377.00 and set a "sell" rating on the stock in a research report on Tuesday, April 23rd. Finally, Morgan Stanley lowered their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of "Hold" and a consensus price target of $485.40.

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.