572 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Flywheel Private Wealth LLC

Flywheel Private Wealth LLC acquired a new stake in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 572 shares of the aerospace company’s stock, valued at approximately $278,000.

A number of other institutional investors have also recently bought and sold shares of LMT. Winch Advisory Services LLC raised its stake in shares of Lockheed Martin by 17.7% during the 4th quarter. Winch Advisory Services LLC now owns 619 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 93 shares during the period. Rovin Capital UT ADV increased its holdings in Lockheed Martin by 16.6% during the fourth quarter. Rovin Capital UT ADV now owns 788 shares of the aerospace company’s stock worth $383,000 after buying an additional 112 shares during the last quarter. Smith Thornton Advisors LLC raised its position in Lockheed Martin by 3.8% in the fourth quarter. Smith Thornton Advisors LLC now owns 814 shares of the aerospace company’s stock worth $396,000 after acquiring an additional 30 shares during the period. RMR Wealth Builders boosted its stake in Lockheed Martin by 10.5% in the fourth quarter. RMR Wealth Builders now owns 3,124 shares of the aerospace company’s stock valued at $1,518,000 after acquiring an additional 296 shares during the last quarter. Finally, USA Financial Formulas grew its position in shares of Lockheed Martin by 18.8% during the 4th quarter. USA Financial Formulas now owns 473 shares of the aerospace company’s stock valued at $230,000 after acquiring an additional 75 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

NYSE:LMT opened at $483.71 on Thursday. The firm has a market capitalization of $114.66 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 3.76 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The stock has a fifty day moving average of $508.95 and a 200 day moving average of $535.59. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.77 earnings per share. On average, research analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on LMT. UBS Group lifted their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Robert W. Baird boosted their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Susquehanna cut their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Finally, Truist Financial began coverage on shares of Lockheed Martin in a research report on Tuesday. They set a “buy” rating and a $579.00 target price for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $590.40.

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.