Lockheed Martin Co. (NYSE:LMT) Stock Position Increased by Verity & Verity LLC

Verity & Verity LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,669 shares of the aerospace company's stock after buying an additional 3,146 shares during the period. Lockheed Martin accounts for 1.4% of Verity & Verity LLC's investment portfolio, making the stock its 28th biggest position. Verity & Verity LLC's holdings in Lockheed Martin were worth $15,875,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Edgestream Partners L.P. increased its stake in Lockheed Martin by 63.6% in the second quarter. Edgestream Partners L.P. now owns 3,170 shares of the aerospace company's stock valued at $1,481,000 after purchasing an additional 1,232 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Lockheed Martin by 5.1% during the 2nd quarter. Brighton Jones LLC now owns 3,956 shares of the aerospace company's stock worth $1,848,000 after acquiring an additional 192 shares during the period. Ieq Capital LLC boosted its position in shares of Lockheed Martin by 12.4% in the second quarter. Ieq Capital LLC now owns 13,396 shares of the aerospace company's stock worth $6,257,000 after acquiring an additional 1,478 shares during the last quarter. Wealth Advisors of Tampa Bay LLC purchased a new stake in Lockheed Martin in the second quarter valued at approximately $2,107,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in Lockheed Martin by 7.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 43,438 shares of the aerospace company's stock worth $20,290,000 after purchasing an additional 3,047 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded up $3.74 during trading on Friday, hitting $490.60. 1,331,181 shares of the company traded hands, 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 business's fifty day moving average is $504.80 and its 200-day moving average is $535.05. The stock has a market capitalization of $116.29 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced 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. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the previous year, the company posted $6.77 earnings per share. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on LMT shares. TD Cowen increased their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 8th. Susquehanna reduced their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. UBS Group boosted their price objective on Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird increased their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $584.40.

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.