Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Sharp Financial Services LLC

Sharp Financial Services LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 51.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 790 shares of the aerospace company’s stock after acquiring an additional 267 shares during the quarter. Sharp Financial Services LLC’s holdings in Lockheed Martin were worth $384,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Lockheed Martin by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,827,645 shares of the aerospace company’s stock worth $2,816,898,000 after buying an additional 83,997 shares during the period. FMR LLC increased its holdings in shares of Lockheed Martin by 6.6% in the 3rd quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock valued at $1,981,088,000 after purchasing an additional 209,591 shares during the period. Wellington Management Group LLP increased its holdings in shares of Lockheed Martin by 8.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock valued at $1,797,437,000 after purchasing an additional 240,306 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Lockheed Martin by 1.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company’s stock valued at $902,714,000 after purchasing an additional 31,545 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Lockheed Martin by 60,592.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company’s stock valued at $911,433,000 after purchasing an additional 1,556,609 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 1.4 %

LMT opened at $499.41 on Thursday. The business has a 50 day moving average of $502.01 and a 200-day moving average of $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. The stock has a market capitalization of $118.38 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 4.11 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion during 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%. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $6.77 earnings per share. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 26.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LMT shares. Citigroup dropped their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday. Susquehanna lowered their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Truist Financial began coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $577.73.

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.