Raleigh Capital Management Inc. Boosts Stake in Lockheed Martin Co. (NYSE:LMT)

Raleigh Capital Management Inc. increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,086 shares of the aerospace company’s stock after acquiring an additional 82 shares during the period. Raleigh Capital Management Inc.’s holdings in Lockheed Martin were worth $528,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Public Sector Pension Investment Board grew its position in Lockheed Martin by 110.2% during the second quarter. Public Sector Pension Investment Board now owns 7,847 shares of the aerospace company’s stock worth $3,665,000 after buying an additional 4,114 shares during the period. Marshall Wace LLP grew its holdings in shares of Lockheed Martin by 82.2% in the 2nd quarter. Marshall Wace LLP now owns 183,473 shares of the aerospace company’s stock worth $85,700,000 after acquiring an additional 82,761 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Lockheed Martin by 55.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,457 shares of the aerospace company’s stock worth $19,365,000 after acquiring an additional 14,708 shares during the period. Sfmg LLC increased its stake in Lockheed Martin by 5.1% in the 2nd quarter. Sfmg LLC now owns 858 shares of the aerospace company’s stock valued at $401,000 after purchasing an additional 42 shares in the last quarter. Finally, Royal Capital Wealth Management LLC acquired a new position in Lockheed Martin during the second quarter worth $201,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price target 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. TD Cowen raised their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup reduced their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus target price of $577.73.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $499.41 on Thursday. 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 firm has a market capitalization of $118.38 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 4.11 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 50 day moving average price of $500.84 and a 200 day moving average price of $536.25.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping 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 business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period last year, the company posted $6.77 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts anticipate that Lockheed Martin Co. will post 26.81 EPS 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.