Baron Silver Stevens Financial Advisors LLC Acquires 40 Shares of Lockheed Martin Co. (NYSE:LMT)

Baron Silver Stevens Financial Advisors LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMTFree Report) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 628 shares of the aerospace company’s stock after purchasing an additional 40 shares during the quarter. Baron Silver Stevens Financial Advisors LLC’s holdings in Lockheed Martin were worth $305,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Public Sector Pension Investment Board increased its position in Lockheed Martin by 110.2% in the second quarter. Public Sector Pension Investment Board now owns 7,847 shares of the aerospace company’s stock worth $3,665,000 after purchasing an additional 4,114 shares during the period. Marshall Wace LLP grew its holdings in shares of Lockheed Martin by 82.2% in the 2nd quarter. Marshall Wace LLP now owns 183,473 shares of the aerospace company’s stock valued at $85,700,000 after buying an additional 82,761 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Lockheed Martin by 55.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,457 shares of the aerospace company’s stock worth $19,365,000 after acquiring an additional 14,708 shares in the last quarter. Sfmg LLC raised its holdings in Lockheed Martin by 5.1% during the 2nd quarter. Sfmg LLC now owns 858 shares of the aerospace company’s stock worth $401,000 after buying an additional 42 shares during the period. Finally, Royal Capital Wealth Management LLC bought a new stake in Lockheed Martin in the 2nd quarter valued at $201,000. 74.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LMT has been the topic of several analyst reports. Citigroup cut their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday. UBS Group boosted their price objective on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Robert W. Baird raised their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Susquehanna reduced their price objective 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. Finally, Wells Fargo & Company cut their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $577.73.

View Our Latest Stock Analysis on Lockheed Martin

Lockheed Martin Trading Down 1.4 %

Lockheed Martin stock opened at $499.41 on Thursday. 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 $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 12 month low of $413.92 and a 12 month high of $618.95. The business’s fifty day simple moving average is $500.84 and its two-hundred day simple moving average is $536.25.

Lockheed Martin (NYSE:LMTGet Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $6.77 EPS. As a group, equities analysts predict that Lockheed Martin Co. will post 26.81 earnings per share for the current fiscal year.

Lockheed Martin Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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