J2 Capital Management Inc Purchases Shares of 1,035 Lockheed Martin Co. (NYSE:LMT)

J2 Capital Management Inc purchased a new position in Lockheed Martin Co. (NYSE:LMT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,035 shares of the aerospace company's stock, valued at approximately $503,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. boosted its position in shares of Lockheed Martin by 63.6% during the second quarter. Edgestream Partners L.P. now owns 3,170 shares of the aerospace company's stock worth $1,481,000 after buying an additional 1,232 shares during the period. Brighton Jones LLC lifted its position in shares of Lockheed Martin by 5.1% in the 2nd quarter. Brighton Jones LLC now owns 3,956 shares of the aerospace company's stock valued at $1,848,000 after acquiring an additional 192 shares in the last quarter. Ieq Capital LLC grew its holdings in shares of Lockheed Martin by 12.4% during the second quarter. Ieq Capital LLC now owns 13,396 shares of the aerospace company's stock valued at $6,257,000 after buying an additional 1,478 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Lockheed Martin by 46.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,124 shares of the aerospace company's stock valued at $525,000 after purchasing an additional 357 shares during the period. Finally, AE Wealth Management LLC boosted its stake in shares of Lockheed Martin by 95.3% during the 2nd quarter. AE Wealth Management LLC now owns 10,943 shares of the aerospace company's stock valued at $5,112,000 after buying an additional 5,340 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a "buy" rating and a $579.00 price target on the stock. Wells Fargo & Company decreased their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $546.00 to $540.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Moderate Buy" and a consensus target price of $584.40.

Lockheed Martin Price Performance

Lockheed Martin stock traded up $3.74 during mid-day trading on Friday, reaching $490.60. The company had a trading volume of 1,331,181 shares, compared to its average volume of 1,037,778. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The company has a market cap of $116.29 billion, a P/E ratio of 17.76, a P/E/G 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. The business has a fifty day simple moving average of $504.80 and a 200 day simple moving average of $535.54.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping 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 business had revenue of $17.10 billion during the quarter, compared to analysts' expectations of $17.38 billion. During the same quarter in the prior year, the firm earned $6.77 EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities research analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current 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.