Goldstone Financial Group LLC Purchases 50 Shares of Lockheed Martin Co. (NYSE:LMT)

Goldstone Financial Group LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,790 shares of the aerospace company’s stock after purchasing an additional 50 shares during the period. Goldstone Financial Group LLC’s holdings in Lockheed Martin were worth $870,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LMT. Empirical Asset Management LLC bought a new stake in Lockheed Martin in the fourth quarter valued at about $142,000. Constitution Capital LLC grew its stake in shares of Lockheed Martin by 20.0% in the 4th quarter. Constitution Capital LLC now owns 600 shares of the aerospace company’s stock valued at $292,000 after purchasing an additional 100 shares during the period. Certified Advisory Corp raised its holdings in shares of Lockheed Martin by 14.2% in the 4th quarter. Certified Advisory Corp now owns 5,533 shares of the aerospace company’s stock worth $2,689,000 after buying an additional 687 shares in the last quarter. Congress Park Capital LLC raised its holdings in shares of Lockheed Martin by 5.5% in the 4th quarter. Congress Park Capital LLC now owns 960 shares of the aerospace company’s stock worth $467,000 after buying an additional 50 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC lifted its position in shares of Lockheed Martin by 3.5% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 1,433 shares of the aerospace company’s stock worth $696,000 after buying an additional 48 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LMT shares. Barclays dropped their price objective on 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. Truist Financial initiated coverage on Lockheed Martin in a research note on Tuesday. They issued a “buy” rating and a $579.00 price objective on the stock. Susquehanna lowered their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Citigroup upped their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $584.40.

Lockheed Martin Stock Performance

LMT opened at $486.48 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The company has a market capitalization of $115.32 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 3.76 and a beta of 0.48. The business’s 50-day moving average price is $507.59 and its two-hundred day moving average price is $535.22. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the previous year, the business posted $6.77 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

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.