Thurston Springer Miller Herd & Titak Inc. Purchases 1,136 Shares of Lockheed Martin Co. (NYSE:LMT)

Thurston Springer Miller Herd & Titak Inc. raised its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 28.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,108 shares of the aerospace company's stock after buying an additional 1,136 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Lockheed Martin were worth $2,482,000 as of its most recent SEC filing.

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

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $0.75 during midday trading on Wednesday, reaching $483.71. The company had a trading volume of 882,113 shares, compared to its average volume of 1,150,285. The stock has a market cap of $114.66 billion, a P/E ratio of 17.51, a P/E/G ratio of 4.05 and a beta of 0.48. The company's 50 day moving average price is $508.95 and its 200 day moving average price is $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 Co. has a 52-week low of $413.92 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the previous year, the firm posted $6.77 earnings per share. The company's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday. They set a "buy" rating and a $579.00 price objective on the stock. Barclays lowered their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Citigroup raised their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. UBS Group boosted their price objective on Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Finally, Susquehanna dropped their target price on Lockheed Martin from $695.00 to $590.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin presently has an average rating of "Moderate Buy" and an average price target of $590.40.

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.