Marcum Wealth LLC Boosts Stake in Lockheed Martin Co. (NYSE:LMT)

Marcum Wealth LLC increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,881 shares of the aerospace company’s stock after acquiring an additional 33 shares during the period. Marcum Wealth LLC’s holdings in Lockheed Martin were worth $914,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. FNY Investment Advisers LLC bought a new position in Lockheed Martin in the 4th quarter valued at $145,000. BCS Wealth Management purchased a new position in shares of Lockheed Martin in the 4th quarter worth about $660,000. First Financial Corp IN grew its position in Lockheed Martin by 7.9% during the fourth quarter. First Financial Corp IN now owns 2,884 shares of the aerospace company’s stock valued at $1,401,000 after buying an additional 210 shares during the period. Signet Financial Management LLC increased its holdings in Lockheed Martin by 13.4% during the fourth quarter. Signet Financial Management LLC now owns 2,417 shares of the aerospace company’s stock worth $1,175,000 after buying an additional 286 shares during the last quarter. Finally, Catalyst Private Wealth LLC raised its position in Lockheed Martin by 10.0% in the fourth quarter. Catalyst Private Wealth LLC now owns 793 shares of the aerospace company’s stock worth $385,000 after acquiring an additional 72 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $483.76 on Tuesday. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $114.67 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The firm’s 50 day simple moving average is $510.20 and its 200 day simple moving average is $535.47.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.77 earnings per share. As a group, analysts expect that Lockheed Martin Co. will post 26.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research reports. TD Cowen increased their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their target price on Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. UBS Group increased their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft cut 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. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and a consensus 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.