Carnegie Investment Counsel Buys 1,008 Shares of Lockheed Martin Co. (NYSE:LMT)

Carnegie Investment Counsel raised its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,643 shares of the aerospace company's stock after purchasing an additional 1,008 shares during the period. Carnegie Investment Counsel's holdings in Lockheed Martin were worth $14,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in Lockheed Martin by 60,592.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock valued at $911,433,000 after buying an additional 1,556,609 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of 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 acquiring an additional 249,591 shares during the period. Wellington Management Group LLP grew its stake in Lockheed Martin by 8.5% during the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock valued at $1,797,437,000 after acquiring an additional 240,306 shares in the last quarter. FMR LLC increased its holdings in Lockheed Martin by 6.6% during the 3rd quarter. FMR LLC now owns 3,389,025 shares of the aerospace company's stock worth $1,981,088,000 after acquiring an additional 209,591 shares during the period. Finally, Legal & General Group Plc increased its holdings in Lockheed Martin by 14.9% during the 2nd quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company's stock worth $646,828,000 after acquiring an additional 180,074 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Up 0.8 %

Shares of LMT traded up $3.74 during trading hours on Friday, hitting $490.60. The company had a trading volume of 1,331,181 shares, compared to its average volume of 1,149,141. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The stock's 50 day moving average price is $506.28 and its 200 day moving average price is $534.89. The firm has a market cap of $116.29 billion, a P/E ratio of 17.76, a P/E/G ratio of 3.76 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data 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. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the previous year, the company posted $6.77 earnings per share. The business's revenue was up 1.3% on a year-over-year basis. On average, research analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current year.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of recent analyst reports. 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 research report on Wednesday, January 8th. TD Cowen upped their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Robert W. Baird lifted their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and dropped their target price for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. One 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $584.40.

Lockheed Martin 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.