Private Client Services LLC Takes $214,000 Position in Lockheed Martin Co. (NYSE:LMT)

Private Client Services LLC acquired a new position in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 440 shares of the aerospace company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Lantz Financial LLC boosted its stake in Lockheed Martin by 2.6% in the second quarter. Lantz Financial LLC now owns 4,882 shares of the aerospace company’s stock valued at $2,281,000 after acquiring an additional 123 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of Lockheed Martin by 6.7% in 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 during the last quarter. Royal London Asset Management Ltd. grew its stake in shares of Lockheed Martin by 0.5% during the second quarter. Royal London Asset Management Ltd. now owns 86,122 shares of the aerospace company’s stock worth $40,228,000 after purchasing an additional 440 shares during the period. Sachetta LLC increased its holdings in Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 20 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Lockheed Martin by 7.8% in the second quarter. Daiwa Securities Group Inc. now owns 23,527 shares of the aerospace company’s stock valued at $10,989,000 after buying an additional 1,708 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of LMT opened at $468.61 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The stock has a market capitalization of $111.08 billion, a P/E ratio of 16.97, a P/E/G ratio of 4.05 and a beta of 0.48. The company has a 50 day moving average of $514.50 and a 200-day moving average of $534.89.

Lockheed Martin (NYSE:LMT) last released its earnings results 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 last year, the firm earned $6.77 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LMT has been the subject of several analyst reports. Citigroup boosted their target price on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen upped their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company cut their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday. Robert W. Baird boosted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, 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. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target of $591.21.

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.