Crossmark Global Holdings Inc. Acquires 155 Shares of Lockheed Martin Co. (NYSE:LMT)

Crossmark Global Holdings Inc. boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,268 shares of the aerospace company’s stock after purchasing an additional 155 shares during the period. Crossmark Global Holdings Inc.’s holdings in Lockheed Martin were worth $3,532,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. Royal Fund Management LLC increased its position in shares of Lockheed Martin by 148.3% during the fourth quarter. Royal Fund Management LLC now owns 6,634 shares of the aerospace company’s stock valued at $3,275,000 after buying an additional 3,962 shares during the period. Reliant Investment Management LLC boosted its position in Lockheed Martin by 4.6% during the 4th quarter. Reliant Investment Management LLC now owns 9,349 shares of the aerospace company’s stock valued at $4,543,000 after acquiring an additional 415 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of Lockheed Martin during the 4th quarter worth approximately $47,000. Ballentine Partners LLC raised its position in shares of Lockheed Martin by 2.8% in the 4th quarter. Ballentine Partners LLC now owns 3,876 shares of the aerospace company’s stock worth $1,884,000 after acquiring an additional 104 shares in the last quarter. Finally, Tudor Financial Inc. lifted its stake in shares of Lockheed Martin by 13.7% in the 4th quarter. Tudor Financial Inc. now owns 1,084 shares of the aerospace company’s stock valued at $527,000 after purchasing an additional 131 shares during the period. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Royal Bank of Canada reduced their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Barclays lowered their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. TD Cowen raised their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $577.73.

Lockheed Martin Trading Down 1.4 %

Shares of NYSE:LMT opened at $499.41 on Thursday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. 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 $118.38 billion, a P/E ratio of 18.08, a PEG ratio of 3.96 and a beta of 0.48. The stock’s fifty day moving average price is $502.01 and its 200-day moving average price is $536.51.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the prior year, the business earned $6.77 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts expect that Lockheed Martin Co. will post 26.8 earnings per share for the current 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.