Hennion & Walsh Asset Management Inc. Purchases 1,945 Shares of Lockheed Martin Co. (NYSE:LMT)

Hennion & Walsh Asset Management Inc. increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 34.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,546 shares of the aerospace company's stock after buying an additional 1,945 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Lockheed Martin were worth $3,667,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LMT. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $26,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin in the 2nd quarter worth about $27,000. Burkett Financial Services LLC acquired a new position in Lockheed Martin in the 3rd quarter worth about $32,000. Capital Performance Advisors LLP acquired a new position in Lockheed Martin in the 3rd quarter worth about $40,000. Finally, Legacy Investment Solutions LLC acquired a new position in Lockheed Martin in the 3rd quarter worth about $42,000. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on LMT shares. TD Cowen upped their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Truist Financial started coverage on Lockheed Martin in a report on Tuesday. They issued a "buy" rating and a $579.00 target price for the company. Royal Bank of Canada lowered their target price on Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. StockNews.com cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Friday, January 3rd. Finally, Barclays decreased their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. One investment 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.com, the company currently has an average rating of "Moderate Buy" and an average price target of $584.40.

Lockheed Martin Trading Up 0.8 %

NYSE LMT traded up $3.74 during trading hours on Friday, hitting $490.60. 1,331,063 shares of the company's stock were exchanged, compared to its average volume of 1,148,903. The stock has a 50-day simple moving average of $506.28 and a 200 day simple moving average of $534.89. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The firm has a market cap of $116.29 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 3.76 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 (NYSE:LMT - Get Free Report) last released 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. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion during the quarter, compared to analysts' expectations of $17.38 billion. During the same quarter last year, the firm posted $6.77 earnings per share. The firm's revenue was up 1.3% on a year-over-year basis. On average, equities analysts forecast that Lockheed Martin Co. will post 26.89 EPS 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.