Lockheed Martin Co. (NYSE:LMT) Stock Position Lifted by Signet Financial Management LLC

Signet Financial Management LLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 13.4% during the fourth quarter, Holdings Channel reports. The firm owned 2,417 shares of the aerospace company’s stock after acquiring an additional 286 shares during the quarter. Signet Financial Management LLC’s holdings in Lockheed Martin were worth $1,175,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its holdings in shares of Lockheed Martin by 224.2% during the second quarter. Meeder Asset Management Inc. now owns 107 shares of the aerospace company’s stock valued at $50,000 after acquiring an additional 74 shares during the period. GHP Investment Advisors Inc. boosted its position in shares of Lockheed Martin by 19.8% in the second quarter. GHP Investment Advisors Inc. now owns 3,852 shares of the aerospace company’s stock valued at $1,799,000 after acquiring an additional 637 shares during the period. Federated Hermes Inc. increased its holdings in shares of Lockheed Martin by 686.0% during the 2nd quarter. Federated Hermes Inc. now owns 34,774 shares of the aerospace company’s stock worth $16,243,000 after purchasing an additional 30,350 shares during the period. Thoroughbred Financial Services LLC grew its holdings in shares of Lockheed Martin by 19.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 5,358 shares of the aerospace company’s stock worth $2,502,000 after purchasing an additional 859 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in Lockheed Martin by 3.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,738 shares of the aerospace company’s stock valued at $12,022,000 after buying an additional 906 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 3.4 %

Shares of LMT stock traded up $15.71 during trading hours on Monday, hitting $483.76. 1,434,694 shares of the company’s stock traded hands, compared to its average volume of 1,179,104. The stock has a market cap of $114.67 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The stock’s 50 day simple moving average is $511.39 and its 200 day simple moving average is $535.35. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

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

Analyst Ratings Changes

Several brokerages recently issued reports on LMT. Royal Bank of Canada cut their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. TD Cowen increased their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Susquehanna cut their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird boosted their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company lowered their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $591.21.

About Lockheed Martin

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.