Fort Washington Investment Advisors Inc. OH Buys 15,757 Shares of Lockheed Martin Co. (NYSE:LMT)

Fort Washington Investment Advisors Inc. OH boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 15.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 118,758 shares of the aerospace company’s stock after buying an additional 15,757 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Lockheed Martin were worth $57,709,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LMT. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the third quarter valued at approximately $26,000. Mattson Financial Services LLC bought a new stake in Lockheed Martin in the 2nd quarter valued at $27,000. Burkett Financial Services LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at $32,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin during the 3rd quarter worth $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth $42,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Up 3.3 %

LMT opened at $506.57 on Wednesday. The company has a market cap of $120.07 billion, a P/E ratio of 18.34, a PEG ratio of 3.96 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The company’s 50 day moving average is $503.20 and its 200-day moving average is $536.20. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95.

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, beating analysts’ consensus estimates of $6.50 by $0.34. The firm 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 company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $6.77 earnings per share. Equities research analysts predict that Lockheed Martin Co. will post 26.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on LMT. Citigroup decreased their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday. Truist Financial began coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and cut their price target for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Wells Fargo & Company lowered their price objective on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Finally, Susquehanna cut their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $577.73.

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.