Certified Advisory Corp Has $2.69 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Certified Advisory Corp raised its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,533 shares of the aerospace company's stock after buying an additional 687 shares during the period. Certified Advisory Corp's holdings in Lockheed Martin were worth $2,689,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of Lockheed Martin by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,827,645 shares of the aerospace company's stock worth $2,816,898,000 after buying an additional 83,997 shares during the period. FMR LLC boosted its holdings in Lockheed Martin by 6.6% during 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 period. Wellington Management Group LLP boosted its holdings 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 during the period. Ameriprise Financial Inc. grew its position in shares of Lockheed Martin by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company's stock valued at $902,714,000 after purchasing an additional 31,545 shares during the last quarter. Finally, International Assets Investment Management LLC increased 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 purchasing an additional 1,556,609 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of research analyst reports. TD Cowen raised their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday. They issued a "buy" rating and a $579.00 price objective on the stock. UBS Group upped 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. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price target for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Finally, Robert W. Baird upped their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of "Moderate Buy" and a consensus target price of $584.40.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded up $3.74 during midday trading on Friday, hitting $490.60. 1,331,181 shares of the company were exchanged, compared to its average volume of 1,149,141. The firm has a 50 day simple moving average of $506.28 and a 200-day simple moving average of $534.89. 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 $116.29 billion, a P/E ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating 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 company had revenue of $17.10 billion during the quarter, compared to analysts' expectations of $17.38 billion. During the same period last year, the business earned $6.77 earnings per share. The business's revenue was up 1.3% on a year-over-year basis. Research analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share 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.