Atwood & Palmer Inc. Boosts Stake in Lockheed Martin Co. (NYSE:LMT)

Atwood & Palmer Inc. raised its position in Lockheed Martin Co. (NYSE:LMT) by 0.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,050 shares of the aerospace company’s stock after purchasing an additional 23 shares during the quarter. Lockheed Martin accounts for approximately 2.3% of Atwood & Palmer Inc.’s portfolio, making the stock its 13th largest holding. Atwood & Palmer Inc.’s holdings in Lockheed Martin were worth $33,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin in the third quarter valued at approximately $26,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin during the second quarter worth about $27,000. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin in the third quarter worth about $32,000. Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $42,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $490.60 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $116.29 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 3.96 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The business has a 50 day simple moving average of $504.80 and a 200-day simple moving average of $536.03.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same period in the prior year, the company earned $6.77 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LMT. Citigroup increased their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Truist Financial assumed coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their price objective for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Robert W. Baird raised their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, Barclays cut their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $584.40.

Lockheed Martin 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.