Grandview Asset Management LLC Invests $611,000 in Lockheed Martin Co. (NYSE:LMT)

Grandview Asset Management LLC purchased a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,258 shares of the aerospace company's stock, valued at approximately $611,000.

Several other hedge funds have also recently bought and sold shares of LMT. International Assets Investment Management LLC grew its stake in shares of Lockheed Martin by 60,592.0% in the third quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock worth $911,433,000 after acquiring an additional 1,556,609 shares in the last quarter. Wulff Hansen & CO. increased its holdings in shares of Lockheed Martin by 56,626.7% in the 2nd quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company's stock valued at $476,947,000 after acquiring an additional 1,019,281 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in Lockheed Martin by 124.0% in the third quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company's stock valued at $263,561,000 after purchasing an additional 249,591 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Lockheed Martin by 8.5% during the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock worth $1,797,437,000 after buying an additional 240,306 shares during the last quarter. Finally, FMR LLC lifted its position in Lockheed Martin by 6.6% in the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company's stock valued at $1,981,088,000 after acquiring an additional 209,591 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analyst Weigh In

LMT has been the subject of several research analyst reports. Barclays decreased their price objective on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. StockNews.com lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Friday, January 3rd. Truist Financial started coverage on Lockheed Martin in a research note on Tuesday. They set a "buy" rating and a $579.00 price objective for the company. Citigroup increased their price objective on Lockheed Martin from $570.00 to $700.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Finally, UBS Group boosted their target price on Lockheed Martin from $589.00 to $603.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. One 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. According to MarketBeat, Lockheed Martin has an average rating of "Moderate Buy" and an average price target of $590.40.

Lockheed Martin Trading Up 0.2 %

Shares of Lockheed Martin stock traded up $0.92 during mid-day trading on Tuesday, hitting $484.08. 1,161,923 shares of the stock were exchanged, compared to its average volume of 1,183,750. The stock has a market capitalization of $114.74 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. 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 50-day simple moving average of $510.20 and a 200 day simple moving average of $535.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share 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%. Lockheed Martin's revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $6.77 EPS. Research analysts forecast that Lockheed Martin Co. will post 26.88 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.