Empirical Asset Management LLC Invests $142,000 in Lockheed Martin Co. (NYSE:LMT)

Empirical Asset Management LLC bought a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,674 shares of the aerospace company's stock, valued at approximately $142,000.

Other hedge funds also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at $26,000. Mattson Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter valued at $27,000. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at $32,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on LMT shares. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price target for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Robert W. Baird lifted their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. StockNews.com lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 3rd. TD Cowen lifted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Citigroup lifted their price objective on Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a research note 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 issued a strong buy rating to the stock. According to MarketBeat, Lockheed Martin has a consensus rating of "Moderate Buy" and an average price target of $584.40.

Lockheed Martin Trading Up 0.8 %

LMT traded up $3.74 during trading hours on Monday, reaching $490.60. The company's stock had a trading volume of 1,331,181 shares, compared to its average volume of 1,037,778. The stock has a market cap of $116.29 billion, a PE ratio of 17.76, a P/E/G ratio of 3.76 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The business's 50-day moving average is $504.80 and its 200-day moving average is $536.03.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company's revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.77 earnings per share. As a group, equities research analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

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.