Financial Partners Group LLC Boosts Stake in Lockheed Martin Co. (NYSE:LMT)

Financial Partners Group LLC boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,099 shares of the aerospace company’s stock after purchasing an additional 301 shares during the quarter. Lockheed Martin comprises about 4.1% of Financial Partners Group LLC’s investment portfolio, making the stock its 7th largest holding. Financial Partners Group LLC’s holdings in Lockheed Martin were worth $9,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin during the 3rd quarter worth approximately $26,000. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin during the third quarter worth $32,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at $27,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the subject of a number of research analyst reports. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. TD Cowen boosted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Barclays dropped their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company lowered their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Finally, UBS Group boosted their price objective 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. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $577.73.

Lockheed Martin Stock Performance

LMT opened at $496.93 on Friday. 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 business’s 50-day simple moving average is $500.84 and its 200 day simple moving average is $536.25. The firm has a market capitalization of $117.79 billion, a PE ratio of 17.99, a PEG ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion during 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 firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.77 EPS. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.89 earnings per share 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.