Nisa Investment Advisors LLC Raises Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Nisa Investment Advisors LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 45.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,787 shares of the aerospace company's stock after purchasing an additional 40,970 shares during the period. Nisa Investment Advisors LLC owned about 0.06% of Lockheed Martin worth $63,555,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sei Investments Co. raised its holdings in shares of Lockheed Martin by 60.2% in the 2nd quarter. Sei Investments Co. now owns 71,344 shares of the aerospace company's stock worth $33,327,000 after purchasing an additional 26,797 shares during the period. ProShare Advisors LLC lifted its position in shares of Lockheed Martin by 6.0% during the 2nd quarter. ProShare Advisors LLC now owns 33,727 shares of the aerospace company's stock valued at $15,754,000 after buying an additional 1,921 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Lockheed Martin by 110.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 7,847 shares of the aerospace company's stock worth $3,665,000 after acquiring an additional 4,114 shares during the period. Evergreen Capital Management LLC increased its holdings in Lockheed Martin by 3.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 12,873 shares of the aerospace company's stock worth $6,013,000 after acquiring an additional 483 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Lockheed Martin by 82.2% in the 2nd quarter. Marshall Wace LLP now owns 183,473 shares of the aerospace company's stock valued at $85,700,000 after acquiring an additional 82,761 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

NYSE LMT traded down $6.88 on Wednesday, reaching $499.41. 1,246,528 shares of the company's stock traded hands, compared to its average volume of 1,192,989. The stock has a market cap of $118.38 billion, a PE ratio of 18.08, a P/E/G ratio of 3.96 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The stock has a 50-day simple moving average of $502.01 and a 200 day simple moving average of $536.51. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and reduced their target price for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company dropped their target price on 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. TD Cowen boosted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have issued 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $577.73.

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.