Wedmont Private Capital Increases Position in Lockheed Martin Co. (NYSE:LMT)

Wedmont Private Capital increased its position in Lockheed Martin Co. (NYSE:LMT) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,984 shares of the aerospace company’s stock after buying an additional 91 shares during the period. Wedmont Private Capital’s holdings in Lockheed Martin were worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin in the third quarter worth about $26,000. Burkett Financial Services LLC purchased a new position in Lockheed Martin during the 3rd quarter worth approximately $32,000. Mattson Financial Services LLC acquired a new stake in Lockheed Martin during the 2nd quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin in the third quarter worth $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on LMT shares. JPMorgan Chase & Co. boosted their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Barclays lowered their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Robert W. Baird lifted their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. UBS Group upped their price objective on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Susquehanna cut their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $591.21.

Lockheed Martin Price Performance

NYSE:LMT opened at $483.76 on Tuesday. The firm has a market cap of $114.67 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The stock has a 50 day moving average of $510.20 and a two-hundred day moving average of $535.47. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month 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.

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