Raab & Moskowitz Asset Management LLC Sells 152 Shares of Lockheed Martin Co. (NYSE:LMT)

Raab & Moskowitz Asset Management LLC lessened its stake in Lockheed Martin Co. (NYSE:LMT) by 8.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,642 shares of the aerospace company’s stock after selling 152 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Lockheed Martin were worth $767,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Aveo Capital Partners LLC boosted its stake in shares of Lockheed Martin by 4.1% in the 4th quarter. Aveo Capital Partners LLC now owns 661 shares of the aerospace company’s stock worth $300,000 after buying an additional 26 shares during the last quarter. Gryphon Financial Partners LLC lifted its holdings in Lockheed Martin by 111.1% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,297 shares of the aerospace company’s stock worth $1,026,000 after acquiring an additional 1,209 shares during the period. TD Asset Management Inc boosted its position in Lockheed Martin by 5.7% in the fourth quarter. TD Asset Management Inc now owns 95,285 shares of the aerospace company’s stock worth $43,187,000 after purchasing an additional 5,156 shares during the last quarter. Avestar Capital LLC grew its stake in Lockheed Martin by 49.9% in the 4th quarter. Avestar Capital LLC now owns 751 shares of the aerospace company’s stock valued at $340,000 after purchasing an additional 250 shares during the period. Finally, Evoke Wealth LLC increased its position in shares of Lockheed Martin by 28.8% during the 4th quarter. Evoke Wealth LLC now owns 670 shares of the aerospace company’s stock valued at $304,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the transaction, the insider now directly owns 8,877 shares in the company, valued at $4,574,850.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LMT has been the topic of a number of research analyst reports. UBS Group boosted their price target on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Bank of America reissued a “buy” rating and set a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft raised Lockheed Martin from a “hold” rating to a “buy” rating and increased their price objective for the company from $540.00 to $600.00 in a report on Friday, July 26th. Finally, Melius upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price on the stock in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $553.43.

Lockheed Martin Stock Up 0.8 %

Shares of NYSE LMT opened at $582.29 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. The company has a market cap of $139.71 billion, a P/E ratio of 21.31, a P/E/G ratio of 4.66 and a beta of 0.47. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $584.07. The business has a 50-day simple moving average of $556.36 and a two-hundred day simple moving average of $493.44.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. The business had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. Lockheed Martin’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $6.73 earnings per share. Research analysts anticipate that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

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.