BluePath Capital Management LLC Purchases 702 Shares of Lockheed Martin Co. (NYSE:LMT)

BluePath Capital Management LLC boosted its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,267 shares of the aerospace company's stock after purchasing an additional 702 shares during the period. Lockheed Martin makes up 1.1% of BluePath Capital Management LLC's portfolio, making the stock its 17th biggest position. BluePath Capital Management LLC's holdings in Lockheed Martin were worth $2,062,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at approximately $26,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin in the 2nd quarter worth about $27,000. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin during the third quarter worth about $40,000. Finally, Legacy Investment Solutions LLC bought a new position in Lockheed Martin in the third quarter worth about $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

LMT traded up $0.27 during midday trading on Thursday, reaching $484.24. The company's stock had a trading volume of 382,767 shares, compared to its average volume of 1,071,206. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The stock has a market cap of $114.78 billion, a P/E ratio of 17.53, a PEG ratio of 3.76 and a beta of 0.48. The company has a fifty day simple moving average of $508.95 and a 200 day simple moving average of $535.59. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share 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 the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $6.77 earnings per share. Research analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LMT. Citigroup increased their target price on Lockheed Martin from $570.00 to $700.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. UBS Group raised their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Robert W. Baird raised their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Barclays reduced their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Finally, StockNews.com lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of "Moderate Buy" and a consensus price target of $584.40.

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.