TruWealth Advisors LLC Purchases 895 Shares of Lockheed Martin Co. (NYSE:LMT)

TruWealth Advisors LLC grew its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,011 shares of the aerospace company's stock after buying an additional 895 shares during the quarter. Lockheed Martin accounts for about 1.3% of TruWealth Advisors LLC's portfolio, making the stock its 25th largest holding. TruWealth Advisors LLC's holdings in Lockheed Martin were worth $20,900,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of Lockheed Martin by 1.8% in the third quarter. Geode Capital Management LLC now owns 4,827,645 shares of the aerospace company's stock worth $2,816,898,000 after acquiring an additional 83,997 shares during the last quarter. FMR LLC lifted its stake in 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 grew its stake 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 last quarter. Ameriprise Financial Inc. increased its holdings in shares of 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 in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Lockheed Martin by 60,592.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock valued at $911,433,000 after acquiring an additional 1,556,609 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Up 0.8 %

Shares of Lockheed Martin stock traded up $3.74 during trading on Friday, reaching $490.60. 1,331,181 shares of the company traded hands, compared to its average volume of 1,037,778. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. 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. The company has a 50 day moving average price of $504.80 and a 200-day moving average price of $535.54.

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 (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Lockheed Martin's revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $6.77 EPS. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on LMT. Susquehanna dropped their target price on 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 research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an "overweight" rating on the stock in a research note on Thursday. Barclays lowered their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. Finally, StockNews.com lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $584.40.

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.