Lockheed Martin Co. (NYSE:LMT) Stake Lifted by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 0.9% in the 4th quarter, HoldingsChannel reports. The fund owned 15,633 shares of the aerospace company’s stock after acquiring an additional 146 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Lockheed Martin were worth $7,597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LMT. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $26,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin in the second quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $32,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $42,000. 74.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Susquehanna reduced their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Barclays reduced their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Citigroup reduced their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Robert W. Baird raised their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. 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 given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $577.73.

Lockheed Martin Stock Down 1.4 %

Lockheed Martin stock opened at $499.41 on Thursday. The company has a market capitalization of $118.38 billion, a P/E ratio of 18.08, a P/E/G ratio of 4.11 and a beta of 0.48. The firm’s fifty day simple moving average is $502.01 and its 200-day simple moving average is $536.51. 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 Co. has a 1-year low of $413.92 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly 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 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%. Lockheed Martin’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $6.77 EPS. Sell-side analysts forecast that Lockheed Martin Co. will post 26.81 earnings per share for the current fiscal 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.