Constitution Capital LLC Purchases 100 Shares of Lockheed Martin Co. (NYSE:LMT)

Constitution Capital LLC boosted its position in Lockheed Martin Co. (NYSE:LMT) by 20.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 600 shares of the aerospace company’s stock after buying an additional 100 shares during the quarter. Constitution Capital LLC’s holdings in Lockheed Martin were worth $292,000 at the end of the most recent reporting period.

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

Lockheed Martin Stock Performance

Shares of LMT opened at $486.48 on Friday. 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’s fifty day simple moving average is $507.59 and its two-hundred day simple moving average is $535.22. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The stock has a market capitalization of $115.32 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for 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 revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.77 EPS. As a group, analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current year.

Wall Street Analyst Weigh In

LMT has been the subject of several research analyst reports. Citigroup upped their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research report on Thursday. Truist Financial began coverage on Lockheed Martin in a report on Tuesday. They set a “buy” rating and a $579.00 price target on the stock. Robert W. Baird raised their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $584.40.

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.