Lockheed Martin Co. (NYSE:LMT) Shares Bought by RMR Wealth Builders

RMR Wealth Builders lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,124 shares of the aerospace company’s stock after acquiring an additional 296 shares during the quarter. RMR Wealth Builders’ holdings in Lockheed Martin were worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in LMT. USA Financial Formulas grew its holdings in 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 purchasing an additional 75 shares in the last quarter. BluePath Capital Management LLC grew its stake in Lockheed Martin by 19.7% during the 4th quarter. BluePath Capital Management LLC now owns 4,267 shares of the aerospace company’s stock valued at $2,062,000 after purchasing an additional 702 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in Lockheed Martin by 2.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 3,608 shares of the aerospace company’s stock valued at $1,753,000 after purchasing an additional 92 shares in the last quarter. Peak Financial Advisors LLC purchased a new stake in Lockheed Martin during the 4th quarter worth approximately $1,555,000. Finally, Meyer Handelman Co. raised its position in shares of Lockheed Martin by 3.1% in the 4th quarter. Meyer Handelman Co. now owns 5,517 shares of the aerospace company’s stock valued at $2,681,000 after purchasing an additional 168 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LMT. Wells Fargo & Company decreased their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Truist Financial started coverage on shares of Lockheed Martin in a research report on Tuesday. They issued a “buy” rating and a $579.00 target price for the company. Susquehanna reduced their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada lowered their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price target on Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $590.40.

Lockheed Martin Stock Performance

Shares of LMT opened at $483.71 on Thursday. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The firm has a market capitalization of $114.66 billion, a PE ratio of 17.51, a P/E/G ratio of 3.76 and a beta of 0.48. The firm has a 50-day moving average price of $508.95 and a 200 day moving average price of $535.59. 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 (NYSE:LMT) last issued its quarterly 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. The firm 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%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $6.77 EPS. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 26.89 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.