Brookstone Capital Management Has $10.99 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Brookstone Capital Management lowered its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 36.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,619 shares of the aerospace company's stock after selling 13,052 shares during the period. Brookstone Capital Management's holdings in Lockheed Martin were worth $10,991,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin during the 3rd quarter valued at about $26,000. Mattson Financial Services LLC purchased a new position in Lockheed Martin during the second quarter valued at approximately $27,000. Burkett Financial Services LLC purchased a new position in Lockheed Martin during the third quarter valued at approximately $32,000. Capital Performance Advisors LLP acquired a new position in Lockheed Martin in the 3rd quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LMT shares. Susquehanna dropped their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a "positive" rating on the stock in a research note on Wednesday, January 8th. Truist Financial assumed coverage on Lockheed Martin in a research report on Tuesday. They issued a "buy" rating and a $579.00 target price on the stock. StockNews.com downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Friday, January 3rd. UBS Group lifted their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Finally, Citigroup increased their price objective on Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $590.40.

Lockheed Martin Stock Performance

Shares of LMT traded up $0.92 on Tuesday, reaching $484.08. 1,161,967 shares of the stock traded hands, compared to its average volume of 1,183,790. The stock's 50-day moving average price is $510.20 and its 200-day moving average price is $535.47. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market cap of $114.74 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.77 EPS. Equities analysts forecast that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

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.