Brady Martz Wealth Solutions LLC Purchases New Position in Lockheed Martin Co. (NYSE:LMT)

Brady Martz Wealth Solutions LLC purchased a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,613 shares of the aerospace company's stock, valued at approximately $1,266,000.

Other hedge funds also recently modified their holdings of the company. Clarius Group LLC increased its stake in Lockheed Martin by 3.5% in the fourth quarter. Clarius Group LLC now owns 1,752 shares of the aerospace company's stock valued at $851,000 after acquiring an additional 60 shares during the period. J2 Capital Management Inc acquired a new stake in Lockheed Martin during the fourth quarter valued at approximately $503,000. Moss Adams Wealth Advisors LLC grew its stake in shares of Lockheed Martin by 10.9% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 531 shares of the aerospace company's stock valued at $258,000 after purchasing an additional 52 shares during the period. Monarch Capital Management Inc. raised its holdings in shares of Lockheed Martin by 11.9% in the 4th quarter. Monarch Capital Management Inc. now owns 2,428 shares of the aerospace company's stock worth $1,180,000 after buying an additional 258 shares in the last quarter. Finally, IAM Advisory LLC lifted its position in shares of Lockheed Martin by 1.3% during the 4th quarter. IAM Advisory LLC now owns 4,136 shares of the aerospace company's stock worth $2,010,000 after buying an additional 55 shares during the period. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 0.8 %

NYSE:LMT traded up $3.74 on Friday, hitting $490.60. 1,331,181 shares of the stock were exchanged, compared to its average volume of 1,037,778. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The stock has a market capitalization of $116.29 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 3.76 and a beta of 0.48. The company's 50-day moving average price is $504.80 and its 200 day moving average price is $535.54.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $17.38 billion. During the same period in the previous year, the firm posted $6.77 earnings per share. Lockheed Martin's revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities research analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 8th. Robert W. Baird increased their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Citigroup boosted their price target 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. Barclays dropped their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $546.00 to $540.00 and set an "overweight" rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $584.40.

About Lockheed Martin

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.