Winmill & CO. Inc. purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,500 shares of the aerospace company’s stock, valued at approximately $2,920,000.
A number of other large investors also recently modified their holdings of the stock. Accurate Investment Solutions Inc. lifted its stake in Lockheed Martin by 257.1% during the third quarter. Accurate Investment Solutions Inc. now owns 75 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 54 shares during the last quarter. KCS Wealth Advisory bought a new stake in Lockheed Martin during the third quarter worth $37,000. NewSquare Capital LLC bought a new stake in Lockheed Martin during the second quarter worth $42,000. Ellis Investment Partners LLC lifted its stake in Lockheed Martin by 41.2% during the third quarter. Ellis Investment Partners LLC now owns 137 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 40 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new stake in Lockheed Martin during the third quarter worth $65,000. 78.42% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $395.00 to $360.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Credit Suisse Group cut their target price on Lockheed Martin from $401.00 to $385.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Morgan Stanley upped their target price on Lockheed Martin from $364.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. UBS Group upped their target price on Lockheed Martin from $440.00 to $470.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Buckingham Research upped their target price on Lockheed Martin from $405.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $387.91.
Shares of LMT traded up $4.75 during trading hours on Thursday, reaching $425.70. The stock had a trading volume of 1,085,202 shares, compared to its average volume of 1,393,854. Lockheed Martin Co. has a 12 month low of $270.84 and a 12 month high of $425.74. The stock has a market capitalization of $117.38 billion, a PE ratio of 23.85, a PEG ratio of 2.42 and a beta of 0.94. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.05 and a current ratio of 1.28. The company’s 50-day moving average is $395.27 and its two-hundred day moving average is $382.23.
Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $5.66 EPS for the quarter, beating the Zacks’ consensus estimate of $5.02 by $0.64. Lockheed Martin had a return on equity of 221.59% and a net margin of 10.26%. The company had revenue of $15.17 billion during the quarter, compared to analysts’ expectations of $14.87 billion. During the same period in the prior year, the company earned $5.14 EPS. Lockheed Martin’s revenue was up 6.0% compared to the same quarter last year. Equities analysts anticipate that Lockheed Martin Co. will post 21.62 earnings per share for the current fiscal year.
Lockheed Martin declared that its Board of Directors has approved a share buyback plan on Thursday, September 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the aerospace company to purchase up to 1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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