Reliant Investment Management LLC Acquires 415 Shares of Lockheed Martin Co. (NYSE:LMT)

Reliant Investment Management LLC increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,349 shares of the aerospace company’s stock after purchasing an additional 415 shares during the quarter. Reliant Investment Management LLC’s holdings in Lockheed Martin were worth $4,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin in the third quarter valued at about $26,000. Mattson Financial Services LLC bought a new position in Lockheed Martin in the second quarter valued at about $27,000. Burkett Financial Services LLC bought a new position in Lockheed Martin in the third quarter valued at about $32,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin in the third quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC bought a new position in Lockheed Martin in the third quarter valued at about $42,000. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Citigroup increased their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Truist Financial assumed coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. Finally, UBS Group raised their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $584.40.

Lockheed Martin Stock Performance

Shares of LMT opened at $490.60 on Tuesday. The firm has a market cap of $116.29 billion, a PE ratio of 17.76, a P/E/G ratio of 3.96 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock has a fifty day moving average price of $504.80 and a 200-day moving average price of $536.03. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data 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. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter last year, the business posted $6.77 EPS. The company’s revenue was up 1.3% on a year-over-year basis. Equities research analysts predict that Lockheed Martin Co. will post 26.8 earnings per share for the current fiscal year.

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.