Butensky & Cohen Financial Security Inc. Boosts Holdings in Lockheed Martin Co. (NYSE:LMT)

Butensky & Cohen Financial Security Inc. raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,017 shares of the aerospace company’s stock after purchasing an additional 168 shares during the period. Lockheed Martin accounts for approximately 1.5% of Butensky & Cohen Financial Security Inc.’s portfolio, making the stock its 23rd largest holding. Butensky & Cohen Financial Security Inc.’s holdings in Lockheed Martin were worth $4,868,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LMT. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin during the third quarter worth $26,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin in the 2nd quarter valued at about $27,000. Burkett Financial Services LLC purchased a new position in Lockheed Martin in the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin during the third quarter worth about $40,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Lockheed Martin in the third quarter valued at approximately $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.8 %

Shares of Lockheed Martin stock opened at $490.60 on Friday. 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 1-year low of $413.92 and a 1-year high of $618.95. The business has a 50-day moving average of $506.28 and a 200-day moving average of $534.89. The company has a market capitalization of $116.29 billion, a PE ratio of 17.76, a P/E/G ratio of 3.76 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its earnings results 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 company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $6.77 EPS. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented 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 for the company in a research note on Monday, January 6th. Robert W. Baird raised their price target on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. TD Cowen boosted their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday. They set a “buy” rating and a $579.00 price target on the stock. One 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $584.40.

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.