Catalyst Private Wealth LLC Grows Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Catalyst Private Wealth LLC grew its holdings in Lockheed Martin Co. (NYSE:LMTFree Report) by 10.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 793 shares of the aerospace company’s stock after buying an additional 72 shares during the period. Catalyst Private Wealth LLC’s holdings in Lockheed Martin were worth $385,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Miracle Mile Advisors LLC raised its position in Lockheed Martin by 61.3% during the fourth quarter. Miracle Mile Advisors LLC now owns 2,372 shares of the aerospace company’s stock valued at $1,152,000 after purchasing an additional 901 shares during the period. Cooper Financial Group raised its stake in shares of Lockheed Martin by 4.9% in the fourth quarter. Cooper Financial Group now owns 1,928 shares of the aerospace company’s stock valued at $937,000 after acquiring an additional 90 shares during the period. Wedmont Private Capital boosted its stake in shares of Lockheed Martin by 3.1% during the 4th quarter. Wedmont Private Capital now owns 2,984 shares of the aerospace company’s stock worth $1,397,000 after purchasing an additional 91 shares during the period. Capital Investment Advisors LLC lifted its stake in Lockheed Martin by 2.2% in the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company’s stock worth $44,770,000 after purchasing an additional 2,011 shares during the last quarter. Finally, Trust Co. of Toledo NA OH boosted its position in shares of Lockheed Martin by 10.2% during the fourth quarter. Trust Co. of Toledo NA OH now owns 11,003 shares of the aerospace company’s stock valued at $5,347,000 after buying an additional 1,015 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Lockheed Martin stock traded up $15.71 during trading hours on Monday, hitting $483.76. 1,434,694 shares of the stock traded hands, compared to its average volume of 1,179,104. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The stock has a market capitalization of $114.67 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 4.05 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm’s 50 day moving average price is $511.39 and its 200-day moving average price is $535.35.

Lockheed Martin (NYSE:LMTGet Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $6.77 EPS. As a group, equities analysts expect that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on LMT. Barclays reduced their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Citigroup lifted their price objective on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, TD Cowen increased their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $591.21.

Read Our Latest Analysis on Lockheed Martin

Lockheed Martin Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMTFree Report).

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.