TruWealth Advisors LLC Increases Position in Lockheed Martin Co. (NYSE:LMT)

TruWealth Advisors LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,011 shares of the aerospace company’s stock after purchasing an additional 895 shares during the period. Lockheed Martin comprises 1.3% of TruWealth Advisors LLC’s portfolio, making the stock its 25th largest position. TruWealth Advisors LLC’s holdings in Lockheed Martin were worth $20,900,000 as of its most recent SEC filing.

Other hedge funds have 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 worth about $26,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin during the second quarter worth about $27,000. Burkett Financial Services LLC acquired a new position in Lockheed Martin in the third quarter worth about $32,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin in the third quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the subject of several research reports. Truist Financial started coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price for the company. JPMorgan Chase & Co. decreased their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a report on Thursday. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Citigroup raised their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and an average target price of $584.40.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $490.60 on Friday. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month 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 $116.29 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48. The business has a 50 day simple moving average of $504.80 and a 200 day simple moving average of $535.05.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.77 earnings per share. On average, equities research analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current 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.