Lockheed Martin Co. (NYSE:LMT) Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC grew its stake in Lockheed Martin Co. (NYSE:LMT) by 38.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,527 shares of the aerospace company’s stock after purchasing an additional 1,528 shares during the quarter. Diversify Wealth Management LLC’s holdings in Lockheed Martin were worth $2,587,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LMT. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin during the third quarter worth $26,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin in the 2nd quarter worth about $27,000. Burkett Financial Services LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the third quarter worth about $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LMT. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird increased their target price on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Wells Fargo & Company reduced their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Citigroup lifted 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. Finally, Susquehanna decreased their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and a consensus target price of $584.40.

Lockheed Martin Stock Performance

NYSE:LMT opened at $490.60 on Monday. The firm has a market capitalization of $116.29 billion, a PE ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The firm’s fifty day simple moving average is $504.80 and its 200 day simple moving average is $535.54.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the previous year, the company posted $6.77 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current 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.