MBM Wealth Consultants LLC Has $1.41 Million Stake in Lockheed Martin Co. (NYSE:LMT)

MBM Wealth Consultants LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,929 shares of the aerospace company’s stock after acquiring an additional 73 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Lockheed Martin were worth $1,412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $26,000. Mattson Financial Services LLC bought a new stake in Lockheed Martin in the second quarter valued at about $27,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin in the third quarter valued at about $32,000. Capital Performance Advisors LLP acquired 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 during the third quarter worth about $42,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of LMT opened at $506.57 on Wednesday. The company has a 50 day moving average of $503.20 and a 200-day moving average of $536.20. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $120.08 billion, a P/E ratio of 18.34, a P/E/G ratio of 3.96 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the previous year, the business earned $6.77 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group increased their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Truist Financial began coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. Royal Bank of Canada dropped their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, Robert W. Baird boosted their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $577.73.

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.