AdvisorNet Financial Inc lowered its position in Lockheed Martin Co. (NYSE:LMT – Free Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,927 shares of the aerospace company’s stock after selling 286 shares during the period. AdvisorNet Financial Inc’s holdings in Lockheed Martin were worth $3,852,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin in the third quarter worth about $26,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin during the 3rd quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC bought a new position in Lockheed Martin in the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on LMT. Susquehanna lowered their price objective on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. UBS Group lifted their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reduced their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company dropped their target price on 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. Finally, TD Cowen upped their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $591.21.
Lockheed Martin Stock Performance
Shares of LMT opened at $483.76 on Tuesday. The company has a market cap of $114.67 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The firm has a 50-day moving average of $510.20 and a 200-day moving average of $535.47. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. 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 – Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the previous year, the business earned $6.77 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.88 earnings per share for the current 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.
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