Barlow Wealth Partners Inc. Has $395,000 Position in Lockheed Martin Co. (NYSE:LMT)

Barlow Wealth Partners Inc. cut its stake in Lockheed Martin Co. (NYSE:LMT) by 45.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 817 shares of the aerospace company’s stock after selling 691 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in Lockheed Martin were worth $395,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in Lockheed Martin by 45.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 130,787 shares of the aerospace company’s stock valued at $63,555,000 after purchasing an additional 40,970 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in shares of Lockheed Martin by 14.1% in the 4th quarter. Simon Quick Advisors LLC now owns 1,079 shares of the aerospace company’s stock valued at $524,000 after buying an additional 133 shares during the period. Perfromance Wealth Partners LLC increased its position in shares of Lockheed Martin by 6.8% in the 4th quarter. Perfromance Wealth Partners LLC now owns 987 shares of the aerospace company’s stock valued at $480,000 after buying an additional 63 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in Lockheed Martin by 15.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 118,758 shares of the aerospace company’s stock worth $57,709,000 after buying an additional 15,757 shares during the period. Finally, Atomi Financial Group Inc. lifted its holdings in Lockheed Martin by 7.6% during the fourth quarter. Atomi Financial Group Inc. now owns 3,036 shares of the aerospace company’s stock worth $1,475,000 after acquiring an additional 215 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 3.3 %

NYSE:LMT opened at $506.57 on Wednesday. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The firm has a market capitalization of $120.08 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 3.96 and a beta of 0.48. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The stock’s 50 day moving average price is $503.20 and its two-hundred day moving average price is $536.20.

Lockheed Martin (NYSE:LMT) last issued its earnings results 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. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $6.77 earnings per share. Equities research analysts expect that Lockheed Martin Co. will post 26.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on LMT. Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. TD Cowen upped their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Truist Financial initiated coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. Finally, Susquehanna lowered their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $577.73.

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.