Peak Financial Advisors LLC Makes New $1.56 Million Investment in Lockheed Martin Co. (NYSE:LMT)

Peak Financial Advisors LLC purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,201 shares of the aerospace company's stock, valued at approximately $1,555,000.

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

Lockheed Martin Price Performance

LMT stock opened at $484.08 on Wednesday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The firm has a 50 day moving average price of $508.95 and a 200-day moving average price of $535.59. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The firm has a market capitalization of $114.74 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $6.77 earnings per share. Equities research analysts forecast that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada lowered their price target on Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Citigroup boosted their target price on Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Finally, Susquehanna decreased their price objective on shares of Lockheed Martin from $695.00 to $590.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of "Moderate Buy" and an average target price of $590.40.

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.

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