572 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Flywheel Private Wealth LLC

Flywheel Private Wealth LLC acquired a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 572 shares of the aerospace company's stock, valued at approximately $278,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $26,000. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $32,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin in the 2nd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced 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 note on Thursday. Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday. They set a "buy" rating and a $579.00 price objective on the stock. TD Cowen lifted their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Susquehanna reduced their price objective 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. Finally, Royal Bank of Canada reduced their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. One equities research 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. According to MarketBeat, Lockheed Martin has an average rating of "Moderate Buy" and a consensus price target of $584.40.

Lockheed Martin Stock Up 0.5 %

Shares of NYSE LMT traded up $2.51 during midday trading on Thursday, reaching $486.48. The company's stock had a trading volume of 956,416 shares, compared to its average volume of 1,130,929. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The stock has a market capitalization of $115.32 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 3.76 and a beta of 0.48. The stock has a 50 day simple moving average of $507.59 and a 200-day simple moving average of $535.22.

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 (EPS) for the quarter, beating 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 company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same period last year, the company earned $6.77 earnings per share. The firm's revenue was up 1.3% compared to the same quarter last year. Equities research analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current 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.