InvesTrust Acquires Shares of 1,935 Lockheed Martin Co. (NYSE:LMT)

InvesTrust purchased a new stake in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,935 shares of the aerospace company’s stock, valued at approximately $935,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $26,000. Burkett Financial Services LLC purchased a new position in Lockheed Martin during the third quarter worth about $32,000. Mattson Financial Services LLC acquired a new stake in shares of Lockheed Martin during the second quarter valued at about $27,000. Sachetta LLC boosted its position in shares of Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 20 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin in the third quarter valued at $40,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT stock traded up $3.73 during midday trading on Wednesday, reaching $467.69. 488,407 shares of the company traded hands, compared to its average volume of 1,042,013. The firm has a market cap of $110.86 billion, a PE ratio of 16.93, a price-to-earnings-growth 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 simple moving average is $516.04 and its two-hundred day simple moving average is $535.36. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the prior year, the company earned $6.77 earnings per share. Lockheed Martin’s revenue was up 1.3% compared to the same quarter last year. On average, equities research 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 analysts recently issued reports on the company. Susquehanna decreased their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. UBS Group raised their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Citigroup boosted their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and a consensus target price of $591.21.

About Lockheed Martin

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.