Red Door Wealth Management LLC Has $5.09 Million Position in Lockheed Martin Co. (NYSE:LMT)

Red Door Wealth Management LLC grew its stake in Lockheed Martin Co. (NYSE:LMT) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,480 shares of the aerospace company’s stock after buying an additional 647 shares during the period. Red Door Wealth Management LLC’s holdings in Lockheed Martin were worth $5,093,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in LMT. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the 3rd quarter valued at approximately $26,000. Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth $32,000. Mattson Financial Services LLC bought a new position in Lockheed Martin during the second quarter worth $27,000. Capital Performance Advisors LLP acquired a new position in Lockheed Martin in the third quarter valued at $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in Lockheed Martin during the third quarter valued at $42,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LMT. TD Cowen lifted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays lowered their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada cut their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $577.73.

Lockheed Martin Stock Down 0.5 %

LMT stock opened at $496.93 on Friday. 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 firm has a market capitalization of $117.79 billion, a PE ratio of 17.99, a P/E/G ratio of 4.11 and a beta of 0.48. The stock’s 50 day moving average is $500.84 and its 200-day moving average is $536.25. 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 data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.77 EPS. Sell-side analysts expect that Lockheed Martin Co. will post 26.81 EPS for the current fiscal year.

Lockheed Martin 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.