Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Diversified Trust Co

Diversified Trust Co lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,009 shares of the aerospace company’s stock after purchasing an additional 506 shares during the period. Diversified Trust Co’s holdings in Lockheed Martin were worth $4,378,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin during the third quarter worth $26,000. Mattson Financial Services LLC acquired a new stake in Lockheed Martin in the 2nd quarter valued at about $27,000. Sachetta LLC boosted its stake in shares of Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after buying an additional 20 shares during the period. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth approximately $32,000. Finally, Capital Performance Advisors LLP acquired a new stake in Lockheed Martin in the third quarter valued at approximately $40,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

LMT traded up $1.15 on Tuesday, hitting $467.15. 409,784 shares of the company traded hands, compared to its average volume of 962,454. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a 50 day moving average of $517.70 and a 200-day moving average of $535.38. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $110.73 billion, a PE ratio of 16.91, a PEG ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly 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. 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 analysts’ expectations of $17.38 billion. During the same quarter in the prior year, the business earned $6.77 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Sell-side analysts anticipate that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LMT shares. 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. Royal Bank of Canada cut their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Barclays dropped their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, TD Cowen boosted their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $601.79.

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.