Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 8.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,086 shares of the aerospace company’s stock after buying an additional 82 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Lockheed Martin were worth $528,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin in the third quarter valued at about $26,000. Mattson Financial Services LLC acquired a new stake in shares of Lockheed Martin in the second quarter valued at about $27,000. Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $32,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LMT. UBS Group lifted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada dropped their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Truist Financial assumed coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Finally, Citigroup reduced their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $577.73.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $499.41 on Thursday. The company has a market cap of $118.38 billion, a PE ratio of 18.08, a P/E/G ratio of 4.11 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 company has a fifty day moving average price of $500.84 and a two-hundred day moving average price of $536.25. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

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 analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the prior year, the firm earned $6.77 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts expect that Lockheed Martin Co. will post 26.81 earnings per share for the current 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.