True North Advisors LLC Grows Position in Lockheed Martin Co. (NYSE:LMT)

True North Advisors LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 19.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 647 shares of the aerospace company’s stock after acquiring an additional 107 shares during the period. True North Advisors LLC’s holdings in Lockheed Martin were worth $314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wendell David Associates Inc. grew its holdings in shares of Lockheed Martin by 1.2% in the 4th quarter. Wendell David Associates Inc. now owns 7,153 shares of the aerospace company’s stock worth $3,476,000 after acquiring an additional 82 shares during the period. Traynor Capital Management Inc. lifted its holdings in shares of Lockheed Martin by 22.8% in the fourth quarter. Traynor Capital Management Inc. now owns 15,583 shares of the aerospace company’s stock valued at $7,572,000 after purchasing an additional 2,896 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in Lockheed Martin by 109.8% during the 4th quarter. Wesbanco Bank Inc. now owns 22,024 shares of the aerospace company’s stock valued at $10,702,000 after buying an additional 11,527 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Lockheed Martin by 3.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 141,970 shares of the aerospace company’s stock worth $68,989,000 after purchasing an additional 4,770 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC boosted its position in Lockheed Martin by 0.9% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 15,633 shares of the aerospace company’s stock worth $7,597,000 after acquiring an additional 146 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the topic of a number of recent analyst reports. Susquehanna reduced their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Barclays decreased 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 note on Monday, January 6th. Truist Financial assumed coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. Finally, Royal Bank of Canada cut their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Stock Down 1.4 %

NYSE:LMT opened at $499.41 on Thursday. 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 company has a market capitalization of $118.38 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 4.11 and a beta of 0.48. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The stock has a 50-day simple moving average of $502.01 and a 200 day simple moving average of $536.51.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 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 analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $6.77 EPS. Sell-side analysts predict that Lockheed Martin Co. will post 26.81 EPS 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.