Peak Financial Advisors LLC Invests $1.56 Million in Lockheed Martin Co. (NYSE:LMT)

Peak Financial Advisors LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,201 shares of the aerospace company’s stock, valued at approximately $1,555,000.

Other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin during the 3rd quarter valued at about $26,000. Mattson Financial Services LLC bought a new position in Lockheed Martin during the second quarter valued at approximately $27,000. Burkett Financial Services LLC purchased a new stake in Lockheed Martin in the third 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 purchased a new stake in Lockheed Martin during the 3rd quarter valued at $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays dropped their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. UBS Group increased their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada cut their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, Truist Financial assumed coverage on shares of Lockheed Martin in a research report on Tuesday. They issued a “buy” rating and a $579.00 price target on the stock. One equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $590.40.

Lockheed Martin Stock Up 0.2 %

Shares of LMT opened at $484.08 on Wednesday. The business’s 50 day moving average is $508.95 and its 200 day moving average is $535.59. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a market capitalization of $114.74 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter last year, the business posted $6.77 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts expect that Lockheed Martin Co. will post 26.88 earnings per share for the current fiscal 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.