Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,738 shares of the aerospace company’s stock after acquiring an additional 214 shares during the period. Lockheed Martin comprises 1.6% of Stokes Capital Advisors LLC’s holdings, making the stock its 28th biggest position. Stokes Capital Advisors LLC’s holdings in Lockheed Martin were worth $6,190,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the 3rd quarter worth about $26,000. Mattson Financial Services LLC acquired a new stake in Lockheed Martin during the second quarter worth about $27,000. Burkett Financial Services LLC purchased a new position in Lockheed Martin during the third quarter valued at approximately $32,000. Capital Performance Advisors LLP acquired a new position in Lockheed Martin in the third quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE:LMT opened at $490.60 on Monday. The company has a market cap of $116.29 billion, a P/E ratio of 17.76, a P/E/G ratio of 3.76 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company’s 50-day moving average price is $504.80 and its 200-day moving average price is $535.54. 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 (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $6.77 EPS. On average, sell-side analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on LMT. Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Truist Financial began coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. Robert W. Baird increased their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Susquehanna reduced their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price 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.