Signet Financial Management LLC grew its holdings in Lockheed Martin Co. (NYSE:LMT – Free Report) by 13.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,417 shares of the aerospace company’s stock after buying an additional 286 shares during the period. Signet Financial Management LLC’s holdings in Lockheed Martin were worth $1,175,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the third quarter valued at approximately $26,000. Mattson Financial Services LLC purchased a new position in Lockheed Martin in the 2nd quarter valued at $27,000. Burkett Financial Services LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at $32,000. Capital Performance Advisors LLP purchased a new position in Lockheed Martin during the 3rd quarter worth $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter worth $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.
Wall Street Analyst Weigh In
LMT has been the subject of several analyst reports. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Barclays reduced their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. UBS Group upped their target price on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Citigroup upped their target price on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company cut their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $591.21.
Lockheed Martin Trading Up 3.4 %
Shares of NYSE LMT traded up $15.71 during midday trading on Monday, hitting $483.76. The stock had a trading volume of 1,434,694 shares, compared to its average volume of 1,179,104. The company has a fifty day moving average price of $511.39 and a 200 day moving average price of $535.35. The company has a market capitalization of $114.67 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 4.05 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. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.
Lockheed Martin (NYSE:LMT – Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the prior year, the business earned $6.77 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Lockheed Martin Co. will post 26.88 earnings per share for the current year.
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.
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