Reliant Investment Management LLC Acquires 415 Shares of Lockheed Martin Co. (NYSE:LMT)

Reliant Investment Management LLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,349 shares of the aerospace company’s stock after acquiring an additional 415 shares during the quarter. Reliant Investment Management LLC’s holdings in Lockheed Martin were worth $4,543,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC bought a new stake in Lockheed Martin in the 2nd quarter worth approximately $27,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin in the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin in the 3rd quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in Lockheed Martin in the 3rd quarter worth approximately $42,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Citigroup boosted their price objective on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. TD Cowen boosted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price objective 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. Finally, Wells Fargo & Company lowered their price objective on 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $584.40.

Lockheed Martin Price Performance

Shares of LMT stock opened at $490.60 on Tuesday. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The stock has a market cap of $116.29 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 3.96 and a beta of 0.48. The business’s fifty day moving average is $504.80 and its 200 day moving average is $536.03. 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) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same period in the prior year, the firm posted $6.77 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Research analysts expect that Lockheed Martin Co. will post 26.8 EPS for the current fiscal year.

Lockheed Martin Company 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.