Daymark Wealth Partners LLC Has $10.72 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Daymark Wealth Partners LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,057 shares of the aerospace company's stock after acquiring an additional 889 shares during the quarter. Daymark Wealth Partners LLC's holdings in Lockheed Martin were worth $10,718,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LMT. Geode Capital Management LLC lifted its stake in shares of Lockheed Martin by 1.8% in 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 last quarter. FMR LLC raised its holdings in Lockheed Martin by 6.6% during the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company's stock valued at $1,981,088,000 after buying an additional 209,591 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Lockheed Martin by 8.5% in 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. boosted its stake in shares of Lockheed Martin by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company's stock worth $902,714,000 after acquiring an additional 31,545 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Lockheed Martin by 60,592.0% during 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. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the subject of several analyst reports. Susquehanna reduced their target price on Lockheed Martin from $695.00 to $590.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Truist Financial initiated coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price objective for the company. StockNews.com lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 3rd. Royal Bank of Canada cut their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their price target 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $577.73.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded down $6.88 during trading hours on Wednesday, reaching $499.41. The stock had a trading volume of 1,324,724 shares, compared to its average volume of 1,199,030. The company has a market cap of $118.38 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 3.96 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The business's fifty day moving average is $502.01 and its two-hundred day moving average is $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 announced 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 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 analysts' expectations of $17.38 billion. During the same quarter in the prior year, the company posted $6.77 EPS. The business's revenue was up 1.3% on a year-over-year basis. As a group, research analysts expect that Lockheed Martin Co. will post 26.8 EPS for the current year.

About Lockheed Martin

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.