Lockheed Martin Co. (NYSE:LMT) Stock Holdings Increased by Arkadios Wealth Advisors

Arkadios Wealth Advisors boosted its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,723 shares of the aerospace company's stock after buying an additional 658 shares during the quarter. Arkadios Wealth Advisors' holdings in Lockheed Martin were worth $4,725,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC boosted its stake in shares of Lockheed Martin by 1.1% in the third quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company's stock valued at $905,000 after purchasing an additional 17 shares during the period. AllGen Financial Advisors Inc. lifted its holdings in Lockheed Martin by 4.0% in the 3rd quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company's stock worth $274,000 after buying an additional 18 shares in the last quarter. Salomon & Ludwin LLC boosted its position in Lockheed Martin by 20.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company's stock valued at $62,000 after buying an additional 18 shares during the last quarter. Sunburst Financial Group LLC boosted its position in Lockheed Martin by 3.3% in the 3rd quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company's stock valued at $331,000 after buying an additional 18 shares during the last quarter. Finally, Quad Cities Investment Group LLC grew its stake in shares of Lockheed Martin by 1.2% during the third quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company's stock valued at $919,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LMT shares. Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday. They issued a "buy" rating and a $579.00 price target on the stock. Barclays cut their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Susquehanna decreased their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a "positive" rating for the company in a research report on Wednesday, January 8th. UBS Group upped their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $584.40.

Lockheed Martin Stock Performance

LMT stock traded up $3.74 during midday 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. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The stock has a 50 day moving average price of $506.28 and a 200 day moving average price of $534.89. The firm has a market capitalization of $116.29 billion, a PE ratio of 17.76, a P/E/G ratio of 3.76 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last released 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 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 analyst estimates of $17.38 billion. During the same quarter in the previous year, the firm posted $6.77 EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts anticipate 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.