Wealthcare Advisory Partners LLC Buys 139 Shares of Lockheed Martin Co. (NYSE:LMT)

Wealthcare Advisory Partners LLC raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,519 shares of the aerospace company’s stock after purchasing an additional 139 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Lockheed Martin were worth $5,111,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CVA Family Office LLC grew its stake in shares of Lockheed Martin by 1.1% during the 3rd quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company’s stock valued at $905,000 after acquiring an additional 17 shares during the period. AllGen Financial Advisors Inc. increased its stake in shares of Lockheed Martin by 4.0% in the third quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company’s stock worth $274,000 after purchasing an additional 18 shares in the last quarter. Salomon & Ludwin LLC raised its position in shares of Lockheed Martin by 20.5% during 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 during the period. Sunburst Financial Group LLC lifted its stake 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 valued at $331,000 after buying an additional 18 shares in the last quarter. Finally, Quad Cities Investment Group LLC boosted its holdings in Lockheed Martin by 1.2% in 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 period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on LMT. Susquehanna lowered their price objective 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. UBS Group upped their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reduced their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Robert W. Baird boosted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One equities research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $584.40.

Lockheed Martin Stock Performance

LMT stock opened at $485.52 on Friday. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The business has a 50-day moving average price of $507.59 and a 200 day moving average price of $535.22. The company has a market capitalization of $115.09 billion, a P/E ratio of 17.74, a PEG 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 (NYSE:LMT) last released its quarterly earnings data 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. The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $6.77 earnings per share. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

About Lockheed Martin

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.