Chevy Chase Trust Holdings LLC Buys 2,321 Shares of Lockheed Martin Co. (NYSE:LMT)

Chevy Chase Trust Holdings LLC increased its stake in shares of Lockheed Martin Co. (NYSE:LMT – Get Rating) by 1.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 217,930 shares of the aerospace company’s stock after acquiring an additional 2,321 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.08% of Lockheed Martin worth $84,184,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of LMT. FMR LLC raised its stake in Lockheed Martin by 39.9% in the second quarter. FMR LLC now owns 5,966,076 shares of the aerospace company’s stock valued at $2,565,175,000 after buying an additional 1,701,615 shares during the period. Renaissance Technologies LLC increased its stake in shares of Lockheed Martin by 586.8% during the first quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock worth $163,097,000 after purchasing an additional 315,700 shares during the period. GQG Partners LLC increased its stake in shares of Lockheed Martin by 18.0% during the second quarter. GQG Partners LLC now owns 2,040,934 shares of the aerospace company’s stock worth $877,886,000 after purchasing an additional 311,513 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Lockheed Martin by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock worth $2,320,030,000 after purchasing an additional 264,665 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Lockheed Martin by 45.2% during the second quarter. Bank of Montreal Can now owns 744,304 shares of the aerospace company’s stock worth $314,893,000 after purchasing an additional 231,531 shares during the period. Institutional investors own 75.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LMT. Citigroup started coverage on Lockheed Martin in a research note on Thursday, December 8th. They set a “buy” rating and a $546.00 target price on the stock. Wolfe Research assumed coverage on Lockheed Martin in a report on Monday, October 10th. They issued a “peer perform” rating on the stock. Susquehanna raised their target price on Lockheed Martin from $510.00 to $512.00 in a report on Wednesday. Morgan Stanley downgraded Lockheed Martin from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $506.00 to $542.00 in a report on Thursday, December 15th. Finally, Vertical Research downgraded Lockheed Martin from a “buy” rating to a “hold” rating and set a $491.00 target price on the stock. in a report on Friday, January 6th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus target price of $471.50.

Lockheed Martin Stock Performance

Shares of LMT opened at $449.23 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.28 and a quick ratio of 1.09. The stock has a 50-day moving average of $474.66 and a 200-day moving average of $444.10. The company has a market cap of $117.73 billion, a PE ratio of 20.63, a P/E/G ratio of 2.59 and a beta of 0.73. Lockheed Martin Co. has a one year low of $370.78 and a one year high of $498.95.

Lockheed Martin (NYSE:LMT – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The aerospace company reported $7.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.37 by $0.42. The business had revenue of $18.99 billion during the quarter, compared to the consensus estimate of $18.25 billion. Lockheed Martin had a return on equity of 65.16% and a net margin of 9.07%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.47 EPS. On average, equities research analysts predict that Lockheed Martin Co. will post 26.96 EPS for the current fiscal year.

Lockheed Martin Company Profile

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Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.