Lockheed Martin Co. (NYSE:LMT) Position Lifted by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 29.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,551 shares of the aerospace company's stock after acquiring an additional 1,247 shares during the period. Premier Path Wealth Partners LLC's holdings in Lockheed Martin were worth $2,697,000 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. CVA Family Office LLC lifted its stake in shares of Lockheed Martin by 1.1% in the 3rd quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company's stock valued at $905,000 after purchasing an additional 17 shares during the last quarter. AllGen Financial Advisors Inc. boosted its stake in shares of Lockheed Martin by 4.0% in the 3rd quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company's stock valued at $274,000 after buying an additional 18 shares during the period. Salomon & Ludwin LLC raised its holdings in shares of Lockheed Martin by 20.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company's stock valued at $62,000 after purchasing an additional 18 shares in the last quarter. Sunburst Financial Group LLC boosted its position in shares of Lockheed Martin by 3.3% during the 3rd quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company's stock worth $331,000 after acquiring an additional 18 shares in the last quarter. Finally, Quad Cities Investment Group LLC lifted its position in shares of Lockheed Martin by 1.2% during the 3rd quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company's stock worth $919,000 after buying an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on LMT. UBS Group upped their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a "neutral" rating in a 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 report on Thursday, October 10th. Barclays decreased their price target 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. Susquehanna reduced their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Finally, 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 report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $584.40.

Lockheed Martin Trading Up 0.8 %

NYSE LMT traded up $3.74 during mid-day trading on Friday, hitting $490.60. The company's stock had a trading volume of 1,331,181 shares, compared to its average volume of 1,037,778. The firm has a market capitalization of $116.29 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48. 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 Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The stock's fifty day simple moving average is $504.80 and its two-hundred day simple moving average is $535.05.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts' consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion for the quarter, compared to analysts' expectations of $17.38 billion. During the same quarter in the previous year, the firm posted $6.77 earnings per share. The firm's quarterly revenue was up 1.3% on a year-over-year basis. Research analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current year.

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.