InvesTrust Makes New $935,000 Investment in Lockheed Martin Co. (NYSE:LMT)

InvesTrust bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,935 shares of the aerospace company’s stock, valued at approximately $935,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMT. Lantz Financial LLC grew its stake in shares of Lockheed Martin by 2.6% during the 2nd quarter. Lantz Financial LLC now owns 4,882 shares of the aerospace company’s stock valued at $2,281,000 after buying an additional 123 shares during the period. Strategic Financial Concepts LLC increased its stake in Lockheed Martin by 27,457.9% during the second quarter. Strategic Financial Concepts LLC now owns 132,278 shares of the aerospace company’s stock worth $618,000 after acquiring an additional 131,798 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Lockheed Martin by 31.0% in the 2nd quarter. Acadian Asset Management LLC now owns 33,130 shares of the aerospace company’s stock valued at $15,467,000 after purchasing an additional 7,847 shares in the last quarter. Choreo LLC grew its holdings in shares of Lockheed Martin by 53.7% during the 2nd quarter. Choreo LLC now owns 13,512 shares of the aerospace company’s stock worth $6,303,000 after purchasing an additional 4,718 shares during the period. Finally, Dorsey & Whitney Trust CO LLC increased its position in Lockheed Martin by 6.7% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,603 shares of the aerospace company’s stock worth $749,000 after purchasing an additional 101 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LMT has been the subject of several research reports. Royal Bank of Canada decreased their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered 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 research note on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. UBS Group upped their price objective 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. Finally, Barclays dropped their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $591.21.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded up $3.73 during trading on Wednesday, hitting $467.69. 488,407 shares of the company traded hands, compared to its average volume of 1,042,013. The stock has a market capitalization of $110.86 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. 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 business’s fifty day moving average is $516.04 and its 200-day moving average is $535.36.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) 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 company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same period last year, the business posted $6.77 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts predict that Lockheed Martin Co. will post 26.88 earnings per share for the current fiscal year.

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.