Zeke Capital Advisors LLC reduced its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,534 shares of the aerospace company’s stock after selling 164 shares during the period. Zeke Capital Advisors LLC’s holdings in Lockheed Martin were worth $2,544,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Comprehensive Portfolio Management LLC increased its stake in shares of Lockheed Martin by 13.8% during the 4th quarter. Comprehensive Portfolio Management LLC now owns 839 shares of the aerospace company’s stock worth $327,000 after purchasing an additional 102 shares during the last quarter. Allworth Financial LP increased its stake in shares of Lockheed Martin by 25.5% during the 4th quarter. Allworth Financial LP now owns 831 shares of the aerospace company’s stock worth $324,000 after purchasing an additional 169 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of Lockheed Martin by 2.7% during the 4th quarter. Wedbush Securities Inc. now owns 13,610 shares of the aerospace company’s stock worth $5,300,000 after purchasing an additional 352 shares during the last quarter. Winmill & CO. Inc. acquired a new position in shares of Lockheed Martin during the 4th quarter worth about $2,920,000. Finally, Merit Financial Group LLC increased its stake in shares of Lockheed Martin by 323.6% during the 4th quarter. Merit Financial Group LLC now owns 2,893 shares of the aerospace company’s stock worth $1,126,000 after purchasing an additional 2,210 shares during the last quarter. Hedge funds and other institutional investors own 78.42% of the company’s stock.
LMT traded up $1.17 on Friday, reaching $426.87. The company had a trading volume of 15,120 shares, compared to its average volume of 1,393,854. Lockheed Martin Co. has a fifty-two week low of $270.84 and a fifty-two week high of $425.74. The stock has a market cap of $117.38 billion, a P/E ratio of 23.91, a P/E/G ratio of 2.42 and a beta of 0.94. The company’s fifty day moving average is $395.91 and its 200 day moving average is $382.55. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.05 and a current ratio of 1.28.
Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $5.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.02 by $0.64. The firm had revenue of $15.17 billion during the quarter, compared to the consensus estimate of $14.87 billion. Lockheed Martin had a net margin of 10.26% and a return on equity of 221.59%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.14 EPS. On average, sell-side analysts expect that Lockheed Martin Co. will post 21.62 EPS for the current year.
Lockheed Martin announced that its board has initiated a share buyback plan on Thursday, September 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the aerospace company to buy up to 1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
A number of brokerages recently commented on LMT. Barclays reiterated a “hold” rating and issued a $410.00 price target on shares of Lockheed Martin in a research note on Wednesday, October 9th. Buckingham Research upped their price target on shares of Lockheed Martin from $405.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. They noted that the move was a valuation call. ValuEngine lowered shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Credit Suisse Group decreased their price target on shares of Lockheed Martin from $401.00 to $385.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $395.00 to $360.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $387.91.
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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