Lockheed Martin Co. (NYSE:LMT) Shares Bought by Range Financial Group LLC

Range Financial Group LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 158.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,505 shares of the aerospace company’s stock after acquiring an additional 1,535 shares during the period. Range Financial Group LLC’s holdings in Lockheed Martin were worth $1,217,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the 3rd quarter valued at $26,000. Mattson Financial Services LLC acquired a new stake in shares of Lockheed Martin during the second quarter worth approximately $27,000. Sachetta LLC grew its position in Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 20 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth approximately $32,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday. Robert W. Baird raised their price target on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. UBS Group boosted their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, Susquehanna lowered their target price on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $601.79.

Lockheed Martin Stock Performance

LMT traded down $1.58 on Tuesday, hitting $464.42. 1,276,463 shares of the stock traded hands, compared to its average volume of 1,184,598. The business has a fifty day moving average price of $517.70 and a two-hundred day moving average price of $535.38. 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 52 week low of $413.92 and a 52 week high of $618.95. The firm has a market capitalization of $110.08 billion, a PE ratio of 16.81, a P/E/G ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 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 business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same period in the prior year, the company posted $6.77 earnings per share. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. On average, research analysts predict that Lockheed Martin Co. will post 26.88 EPS 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.