St. Johns Investment Management Company LLC Raises Stake in Lockheed Martin Co. (NYSE:LMT)

St. Johns Investment Management Company LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 5.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,118 shares of the aerospace company’s stock after buying an additional 107 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Lockheed Martin were worth $1,029,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC raised its position in Lockheed Martin by 71.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,674 shares of the aerospace company’s stock valued at $814,000 after acquiring an additional 696 shares in the last quarter. LexAurum Advisors LLC grew its stake in shares of Lockheed Martin by 30.8% during the 4th quarter. LexAurum Advisors LLC now owns 565 shares of the aerospace company’s stock worth $275,000 after purchasing an additional 133 shares during the period. MFA Wealth Services purchased a new position in shares of Lockheed Martin during the 4th quarter valued at approximately $276,000. Financial Partners Group LLC lifted its stake in shares of Lockheed Martin by 1.5% in the 4th quarter. Financial Partners Group LLC now owns 20,099 shares of the aerospace company’s stock valued at $9,767,000 after purchasing an additional 301 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its holdings in Lockheed Martin by 4.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 2,870 shares of the aerospace company’s stock worth $1,395,000 after buying an additional 120 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE:LMT opened at $496.93 on Friday. The company’s 50-day moving average is $500.84 and its two-hundred day moving average is $536.25. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market capitalization of $117.79 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued 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 analyst estimates of $17.38 billion. During the same period in the previous year, the firm earned $6.77 EPS. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. Analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current year.

Analysts Set New Price Targets

LMT has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price objective 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. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial initiated coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. Citigroup reduced their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Robert W. Baird lifted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Company 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.