Janney Montgomery Scott LLC Increases Stock Position in Lockheed Martin Co. (NYSE:LMT)

Janney Montgomery Scott LLC increased its position in Lockheed Martin Co. (NYSE:LMT) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,970 shares of the aerospace company’s stock after purchasing an additional 4,770 shares during the quarter. Janney Montgomery Scott LLC owned 0.06% of Lockheed Martin worth $68,989,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC raised its holdings in Lockheed Martin by 0.9% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 15,633 shares of the aerospace company’s stock valued at $7,597,000 after acquiring an additional 146 shares in the last quarter. Eagle Capital Management LLC raised its holdings in Lockheed Martin by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company’s stock valued at $5,261,000 after acquiring an additional 32 shares in the last quarter. Sharp Financial Services LLC raised its holdings in Lockheed Martin by 51.1% in the fourth quarter. Sharp Financial Services LLC now owns 790 shares of the aerospace company’s stock valued at $384,000 after acquiring an additional 267 shares in the last quarter. Magnus Financial Group LLC raised its holdings in Lockheed Martin by 1.6% in the fourth quarter. Magnus Financial Group LLC now owns 5,017 shares of the aerospace company’s stock valued at $2,438,000 after acquiring an additional 78 shares in the last quarter. Finally, Daymark Wealth Partners LLC raised its holdings in shares of Lockheed Martin by 4.2% during the fourth quarter. Daymark Wealth Partners LLC now owns 22,057 shares of the aerospace company’s stock worth $10,718,000 after purchasing an additional 889 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 1.4 %

Shares of LMT stock opened at $499.41 on Thursday. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. 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 business’s 50 day moving average is $502.01 and its two-hundred day moving average is $536.51. The company has a market cap of $118.38 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 4.11 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter last year, the company posted $6.77 earnings per share. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts predict that Lockheed Martin Co. will post 26.81 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on LMT shares. Citigroup dropped their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. UBS Group increased their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, TD Cowen increased their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One equities research 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 company. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $577.73.

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.