Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Secure Asset Management LLC

Secure Asset Management LLC increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 792.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,274 shares of the aerospace company’s stock after purchasing an additional 3,795 shares during the quarter. Secure Asset Management LLC’s holdings in Lockheed Martin were worth $2,077,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Red Door Wealth Management LLC boosted its position in shares of Lockheed Martin by 6.6% in the fourth quarter. Red Door Wealth Management LLC now owns 10,480 shares of the aerospace company’s stock worth $5,093,000 after acquiring an additional 647 shares during the last quarter. Madrona Financial Services LLC boosted its position in shares of Lockheed Martin by 7.9% in the fourth quarter. Madrona Financial Services LLC now owns 684 shares of the aerospace company’s stock worth $332,000 after buying an additional 50 shares during the period. Capital Planning Advisors LLC grew its stake in shares of Lockheed Martin by 14.6% in the fourth quarter. Capital Planning Advisors LLC now owns 6,405 shares of the aerospace company’s stock valued at $3,112,000 after buying an additional 815 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC raised its holdings in shares of Lockheed Martin by 6.8% during the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 628 shares of the aerospace company’s stock valued at $305,000 after buying an additional 40 shares during the period. Finally, Avior Wealth Management LLC lifted its position in Lockheed Martin by 5.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,261 shares of the aerospace company’s stock worth $613,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $496.93 on Friday. The company has a market cap of $117.79 billion, a PE ratio of 17.99, a P/E/G ratio of 4.11 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The company has a fifty day moving average price of $500.84 and a two-hundred day moving average price of $536.25. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the prior year, the firm earned $6.77 EPS. 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 26.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LMT shares. Barclays lowered their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Citigroup decreased their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday. UBS Group boosted their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Susquehanna lowered their price objective on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $577.73.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.