Lockheed Martin Co. (NYSE:LMT) Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 22.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,915 shares of the aerospace company's stock after purchasing an additional 2,173 shares during the quarter. Merit Financial Group LLC's holdings in Lockheed Martin were worth $5,790,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Butensky & Cohen Financial Security Inc. boosted its holdings in shares of Lockheed Martin by 1.7% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 10,017 shares of the aerospace company's stock valued at $4,868,000 after acquiring an additional 168 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in Lockheed Martin by 34.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 134,634 shares of the aerospace company's stock valued at $65,424,000 after purchasing an additional 34,351 shares during the period. Walker Asset Management LLC boosted its holdings in Lockheed Martin by 1.1% in the 4th quarter. Walker Asset Management LLC now owns 2,243 shares of the aerospace company's stock valued at $1,090,000 after purchasing an additional 25 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in Lockheed Martin by 0.5% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 6,975 shares of the aerospace company's stock worth $3,389,000 after purchasing an additional 32 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Lockheed Martin by 1.3% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,519 shares of the aerospace company's stock worth $5,111,000 after buying an additional 139 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of NYSE:LMT traded up $3.74 on Friday, hitting $490.60. The company had a trading volume of 1,331,181 shares, compared to its average volume of 1,037,778. The company has a market cap of $116.29 billion, a PE ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. The business has a 50 day moving average of $504.80 and a 200 day moving average of $535.54. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. 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 (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 for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the prior year, the firm earned $6.77 EPS. The firm's quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LMT. Susquehanna dropped their price objective on Lockheed Martin from $695.00 to $590.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Robert W. Baird upped their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. TD Cowen raised their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Truist Financial began coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a "buy" rating and a $579.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $546.00 to $540.00 and set an "overweight" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.