Diversify Wealth Management LLC Buys 1,528 Shares of Lockheed Martin Co. (NYSE:LMT)

Diversify Wealth Management LLC raised its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 38.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,527 shares of the aerospace company's stock after buying an additional 1,528 shares during the period. Diversify Wealth Management LLC's holdings in Lockheed Martin were worth $2,587,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LMT. Geode Capital Management LLC increased its position in Lockheed Martin by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,827,645 shares of the aerospace company's stock valued at $2,816,898,000 after purchasing an additional 83,997 shares during the period. FMR LLC boosted its stake in shares of Lockheed Martin by 6.6% in the 3rd quarter. FMR LLC now owns 3,389,025 shares of the aerospace company's stock valued at $1,981,088,000 after purchasing an additional 209,591 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Lockheed Martin by 8.5% during the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock worth $1,797,437,000 after buying an additional 240,306 shares during the period. Ameriprise Financial Inc. raised its stake in Lockheed Martin by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company's stock worth $902,714,000 after buying an additional 31,545 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Lockheed Martin by 60,592.0% in the third quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock valued at $911,433,000 after buying an additional 1,556,609 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on LMT shares. Susquehanna decreased their price target on Lockheed Martin from $695.00 to $590.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. StockNews.com lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 3rd. Truist Financial assumed coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a "buy" rating and a $579.00 price objective for the company. Citigroup boosted their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Barclays dropped their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $584.40.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $3.74 during mid-day trading on Monday, hitting $490.60. 1,331,181 shares of the stock were exchanged, compared to its average volume of 1,037,778. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The company has a 50-day simple moving average of $504.80 and a 200 day simple moving average of $536.03. The company has a market capitalization 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 debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts' consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $6.77 earnings per share. Sell-side analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share 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.