RMR Wealth Builders Boosts Stock Position in Lockheed Martin Co. (NYSE:LMT)

RMR Wealth Builders lifted its position in shares of Lockheed Martin Co. (NYSE:LMTFree Report) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,124 shares of the aerospace company’s stock after buying an additional 296 shares during the period. RMR Wealth Builders’ holdings in Lockheed Martin were worth $1,518,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at about $26,000. Mattson Financial Services LLC purchased a new stake in shares of Lockheed Martin in the 2nd quarter worth about $27,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin during the 3rd quarter valued at approximately $32,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter worth about $42,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on LMT shares. TD Cowen lifted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday. Robert W. Baird boosted their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, UBS Group raised their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $591.21.

View Our Latest Stock Report on LMT

Lockheed Martin Trading Down 0.2 %

Shares of NYSE:LMT traded down $1.01 during trading on Friday, hitting $467.84. The company had a trading volume of 1,127,357 shares, compared to its average volume of 1,144,601. The stock has a market cap of $110.89 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. 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 company has a fifty day simple moving average of $512.94 and a two-hundred day simple moving average of $534.43. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMTGet Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $17.38 billion. During the same period last year, the company earned $6.77 earnings per share. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

About Lockheed Martin

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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