Lockheed Martin Co. (NYSE:LMT) Stock Holdings Boosted by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,758 shares of the aerospace company's stock after purchasing an additional 15,757 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.05% of Lockheed Martin worth $57,709,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 3rd. Wells Fargo & Company reduced their target price on Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 8th. TD Cowen lifted their price target 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. Truist Financial began coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a "buy" rating and a $579.00 price objective on the stock. Finally, UBS Group boosted their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Moderate Buy" and a consensus price target of $577.73.

Lockheed Martin Stock Performance

LMT traded down $6.88 during trading on Wednesday, reaching $499.41. 1,324,724 shares of the company were exchanged, compared to its average volume of 1,199,030. The firm has a 50 day moving average of $502.01 and a 200 day moving average of $536.51. The stock has a market cap of $118.38 billion, a P/E ratio of 18.08, a PEG ratio of 3.96 and a beta of 0.48. 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 52 week low of $413.92 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to analysts' expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Lockheed Martin's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.77 EPS. On average, sell-side analysts forecast that Lockheed Martin Co. will post 26.8 EPS for the current fiscal 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.