D.B. Root & Company LLC Purchases 55 Shares of Lockheed Martin Co. (NYSE:LMT)

D.B. Root & Company LLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,067 shares of the aerospace company’s stock after purchasing an additional 55 shares during the quarter. D.B. Root & Company LLC’s holdings in Lockheed Martin were worth $1,005,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin in the 3rd quarter valued at approximately $26,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin in the second quarter worth $27,000. Burkett Financial Services LLC purchased a new position in shares of Lockheed Martin in the third quarter valued at $32,000. Capital Performance Advisors LLP purchased a new stake in Lockheed Martin during the 3rd quarter worth about $40,000. Finally, Legacy Investment Solutions LLC bought a new position in Lockheed Martin in the 3rd quarter worth about $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LMT. JPMorgan Chase & Co. decreased 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. Royal Bank of Canada decreased 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. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. TD Cowen increased their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird lifted their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Stock Down 1.4 %

Shares of NYSE LMT opened at $499.41 on Thursday. The stock has a market capitalization of $118.38 billion, a P/E ratio of 18.08, a PEG ratio of 4.11 and a beta of 0.48. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The firm’s 50 day simple moving average is $500.84 and its two-hundred day simple moving average is $536.25. 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 (NYSE:LMT) last released 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 net margin of 9.36% and a return on equity of 101.44%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.77 EPS. As a group, analysts expect that Lockheed Martin Co. will post 26.81 EPS 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.