BCS Wealth Management Buys New Shares in Lockheed Martin Co. (NYSE:LMT)

BCS Wealth Management bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,358 shares of the aerospace company’s stock, valued at approximately $660,000.

Other hedge funds have also recently added to or reduced their stakes in the company. First Financial Corp IN grew its holdings in Lockheed Martin by 7.9% in the fourth quarter. First Financial Corp IN now owns 2,884 shares of the aerospace company’s stock valued at $1,401,000 after purchasing an additional 210 shares during the period. Signet Financial Management LLC boosted its holdings in shares of Lockheed Martin by 13.4% in the 4th quarter. Signet Financial Management LLC now owns 2,417 shares of the aerospace company’s stock valued at $1,175,000 after purchasing an additional 286 shares during the last quarter. Catalyst Private Wealth LLC boosted its holdings in shares of Lockheed Martin by 10.0% in the 4th quarter. Catalyst Private Wealth LLC now owns 793 shares of the aerospace company’s stock valued at $385,000 after purchasing an additional 72 shares during the last quarter. Miracle Mile Advisors LLC grew its stake in shares of Lockheed Martin by 61.3% during the 4th quarter. Miracle Mile Advisors LLC now owns 2,372 shares of the aerospace company’s stock valued at $1,152,000 after buying an additional 901 shares during the period. Finally, Cooper Financial Group increased its holdings in shares of Lockheed Martin by 4.9% during the 4th quarter. Cooper Financial Group now owns 1,928 shares of the aerospace company’s stock worth $937,000 after buying an additional 90 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LMT. Robert W. Baird boosted their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Wells Fargo & Company dropped their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Susquehanna decreased their price objective on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Finally, StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $591.21.

Lockheed Martin Stock Up 3.4 %

Shares of NYSE LMT opened at $483.76 on Tuesday. The firm has a market cap of $114.67 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 4.05 and a beta of 0.48. 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 quick ratio of 1.12 and a current ratio of 1.30. The stock’s 50-day simple moving average is $510.20 and its 200-day simple moving average is $535.47.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the prior year, the company posted $6.77 EPS. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities analysts anticipate that Lockheed Martin Co. will post 26.88 earnings per share for the current fiscal year.

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.