Catalyst Private Wealth LLC Increases Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Catalyst Private Wealth LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 10.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 793 shares of the aerospace company’s stock after acquiring an additional 72 shares during the quarter. Catalyst Private Wealth LLC’s holdings in Lockheed Martin were worth $385,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $26,000. Burkett Financial Services LLC purchased a new stake in Lockheed Martin in the third quarter valued at $32,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin during the 3rd quarter worth $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at about $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 3.4 %

Shares of LMT stock traded up $15.71 on Monday, reaching $483.76. 1,434,694 shares of the stock were exchanged, compared to its average volume of 1,179,104. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a market capitalization of $114.67 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 4.05 and a beta of 0.48. The business’s 50 day moving average price is $511.39 and its 200 day moving average price is $535.35.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.77 earnings per share. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research analyst reports. Barclays lowered their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. TD Cowen boosted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Susquehanna decreased their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $591.21.

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.