J2 Capital Management Inc Takes Position in Lockheed Martin Co. (NYSE:LMT)

J2 Capital Management Inc acquired a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,035 shares of the aerospace company’s stock, valued at approximately $503,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Edgestream Partners L.P. lifted its holdings in shares of Lockheed Martin by 63.6% during the 2nd quarter. Edgestream Partners L.P. now owns 3,170 shares of the aerospace company’s stock valued at $1,481,000 after purchasing an additional 1,232 shares during the last quarter. Brighton Jones LLC increased its position in Lockheed Martin by 5.1% during the 2nd quarter. Brighton Jones LLC now owns 3,956 shares of the aerospace company’s stock valued at $1,848,000 after buying an additional 192 shares in the last quarter. Ieq Capital LLC raised its stake in Lockheed Martin by 12.4% in the second quarter. Ieq Capital LLC now owns 13,396 shares of the aerospace company’s stock valued at $6,257,000 after buying an additional 1,478 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in Lockheed Martin by 46.5% in the second quarter. Benjamin Edwards Inc. now owns 1,124 shares of the aerospace company’s stock worth $525,000 after acquiring an additional 357 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in shares of Lockheed Martin by 95.3% during the second quarter. AE Wealth Management LLC now owns 10,943 shares of the aerospace company’s stock worth $5,112,000 after acquiring an additional 5,340 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on LMT shares. Wells Fargo & Company decreased their price objective 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. Royal Bank of Canada reduced their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $584.40.

Lockheed Martin Trading Up 0.8 %

Shares of LMT stock opened at $490.60 on Friday. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a market cap of $116.29 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The stock has a 50 day simple moving average of $504.80 and a 200-day simple moving average of $535.05.

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

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.