Lockheed Martin Co. (NYSE:LMT) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,150 shares of the aerospace company’s stock after purchasing an additional 973 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.07% of Lockheed Martin worth $79,281,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. ORG Partners LLC raised its holdings in shares of Lockheed Martin by 1.1% during the 4th quarter. ORG Partners LLC now owns 3,030 shares of the aerospace company’s stock worth $1,479,000 after acquiring an additional 34 shares during the period. InvesTrust acquired a new stake in Lockheed Martin during the fourth quarter worth about $935,000. Private Client Services LLC purchased a new position in Lockheed Martin during the fourth quarter worth about $214,000. Park National Corp OH boosted its holdings in Lockheed Martin by 0.7% in the 4th quarter. Park National Corp OH now owns 72,846 shares of the aerospace company’s stock valued at $35,399,000 after purchasing an additional 482 shares during the last quarter. Finally, Innova Wealth Partners purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $269,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $467.84 on Friday. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The firm has a 50 day moving average of $511.39 and a two-hundred day moving average of $534.41. 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 $110.89 billion, a PE ratio of 16.94, a P/E/G ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released 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 firm 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%. Lockheed Martin’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $6.77 EPS. On average, research analysts predict that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LMT has been the topic of several analyst reports. Citigroup lifted their price target 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. Wells Fargo & Company decreased their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Royal Bank of Canada cut their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. UBS Group upped their target price 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned 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 $591.21.

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.