Lockheed Martin Co. (NYSE:LMT) Stake Lifted by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 56.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,390 shares of the aerospace company’s stock after purchasing an additional 4,472 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Lockheed Martin were worth $6,021,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its position in Lockheed Martin by 30.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 25,070 shares of the aerospace company’s stock worth $12,183,000 after purchasing an additional 5,892 shares in the last quarter. Impact Partnership Wealth LLC grew its holdings in shares of Lockheed Martin by 90.3% during the fourth quarter. Impact Partnership Wealth LLC now owns 1,210 shares of the aerospace company’s stock valued at $588,000 after buying an additional 574 shares in the last quarter. St. Johns Investment Management Company LLC raised its position in Lockheed Martin by 5.3% during the fourth quarter. St. Johns Investment Management Company LLC now owns 2,118 shares of the aerospace company’s stock valued at $1,029,000 after buying an additional 107 shares during the period. Sound Income Strategies LLC lifted its stake in Lockheed Martin by 71.2% in the 4th quarter. Sound Income Strategies LLC now owns 1,674 shares of the aerospace company’s stock worth $814,000 after acquiring an additional 696 shares in the last quarter. Finally, LexAurum Advisors LLC boosted its position in Lockheed Martin by 30.8% during the 4th quarter. LexAurum Advisors LLC now owns 565 shares of the aerospace company’s stock worth $275,000 after acquiring an additional 133 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE LMT opened at $496.96 on Friday. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The firm has a market capitalization of $117.80 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The firm’s fifty day moving average price is $500.00 and its two-hundred day moving average price is $535.98. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last posted 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. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the prior year, the business earned $6.77 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Barclays cut their price objective 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 Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Truist Financial initiated coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. One 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 issued a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and a consensus target price of $577.73.

About Lockheed Martin

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.