Ritholtz Wealth Management Acquires 873 Shares of Lockheed Martin Co. (NYSE:LMT)

Ritholtz Wealth Management grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 13.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,600 shares of the aerospace company's stock after purchasing an additional 873 shares during the quarter. Ritholtz Wealth Management's holdings in Lockheed Martin were worth $3,693,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bank of Montreal Can lifted its stake in Lockheed Martin by 2.1% in the 3rd quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company's stock worth $382,498,000 after purchasing an additional 13,253 shares in the last quarter. Virtue Capital Management LLC raised its position in shares of Lockheed Martin by 112.8% in the third quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company's stock worth $1,315,000 after buying an additional 1,192 shares in the last quarter. Hilltop Holdings Inc. raised its holdings in shares of Lockheed Martin by 79.9% during the 3rd quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company's stock valued at $7,054,000 after buying an additional 5,361 shares in the last quarter. Old West Investment Management LLC lifted its position in Lockheed Martin by 6.6% in the 3rd quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company's stock worth $15,569,000 after buying an additional 1,643 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its stake in Lockheed Martin by 2.2% in the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock worth $44,770,000 after buying an additional 2,011 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LMT. UBS Group boosted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Barclays lowered their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. Royal Bank of Canada reduced their price objective on Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a research note 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. Finally, Susquehanna reduced their price target on Lockheed Martin from $695.00 to $590.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $584.40.

Lockheed Martin Stock Up 0.8 %

LMT stock traded up $3.74 on Friday, reaching $490.60. 1,331,181 shares of the company traded hands, compared to its average volume of 1,149,141. The firm has a fifty day simple moving average of $506.28 and a 200-day simple moving average of $534.89. The company has a market cap 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. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. 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 issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion during 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 company's revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $6.77 earnings per share. Research analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin 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.