Astoria Portfolio Advisors LLC. Boosts Stake in Lockheed Martin Co. (NYSE:LMT)

Astoria Portfolio Advisors LLC. lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,846 shares of the aerospace company’s stock after purchasing an additional 94 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Lockheed Martin were worth $1,379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Edgestream Partners L.P. increased its holdings in Lockheed Martin by 63.6% in the 2nd quarter. Edgestream Partners L.P. now owns 3,170 shares of the aerospace company’s stock worth $1,481,000 after acquiring an additional 1,232 shares in the last quarter. Brighton Jones LLC increased its stake in shares of Lockheed Martin by 5.1% during the second quarter. Brighton Jones LLC now owns 3,956 shares of the aerospace company’s stock worth $1,848,000 after purchasing an additional 192 shares in the last quarter. Ieq Capital LLC raised its position in shares of Lockheed Martin by 12.4% during the 2nd quarter. Ieq Capital LLC now owns 13,396 shares of the aerospace company’s stock worth $6,257,000 after purchasing an additional 1,478 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in Lockheed Martin by 46.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,124 shares of the aerospace company’s stock valued at $525,000 after buying an additional 357 shares in the last quarter. Finally, AE Wealth Management LLC boosted its holdings in Lockheed Martin by 95.3% in the 2nd quarter. AE Wealth Management LLC now owns 10,943 shares of the aerospace company’s stock worth $5,112,000 after buying an additional 5,340 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on LMT shares. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. TD Cowen raised their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Susquehanna lowered their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note 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 research report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $584.40.

Lockheed Martin Trading Up 0.8 %

LMT opened at $490.60 on Friday. The stock has a market capitalization of $116.29 billion, a PE ratio of 17.76, a P/E/G ratio of 3.76 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 company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The business’s 50 day moving average price is $504.80 and its 200 day moving average price is $535.05.

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