BTS Asset Management Inc. Invests $244,000 in Lockheed Martin Co. (NYSE:LMT)

BTS Asset Management Inc. bought a new position in Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 502 shares of the aerospace company’s stock, valued at approximately $244,000.

A number of other large investors have also bought and sold shares of the business. CVA Family Office LLC increased its position in Lockheed Martin by 1.1% in the 3rd quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company’s stock valued at $905,000 after acquiring an additional 17 shares in the last quarter. AllGen Financial Advisors Inc. raised its position in Lockheed Martin by 4.0% in the 3rd quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company’s stock worth $274,000 after purchasing an additional 18 shares during the last quarter. Salomon & Ludwin LLC lifted its holdings in Lockheed Martin by 20.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock worth $62,000 after buying an additional 18 shares in the last quarter. Sunburst Financial Group LLC boosted its position in Lockheed Martin by 3.3% in the 3rd quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company’s stock valued at $331,000 after buying an additional 18 shares during the last quarter. Finally, Quad Cities Investment Group LLC increased its stake in shares of Lockheed Martin by 1.2% in the 3rd quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company’s stock valued at $919,000 after buying an additional 19 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 0.8 %

NYSE:LMT opened at $490.60 on Friday. The stock has a 50-day simple moving average of $506.28 and a 200 day simple moving average of $534.89. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a market cap of $116.29 billion, a PE ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share 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 company had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter last year, the company earned $6.77 EPS. Lockheed Martin’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LMT has been the topic of several recent research reports. Citigroup raised their price target on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Truist Financial began coverage on shares of Lockheed Martin in a research note on Tuesday. They issued a “buy” rating and a $579.00 target price on the stock. Royal Bank of Canada cut their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Susquehanna reduced their price objective on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft cut shares of 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $584.40.

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.