FCG Investment Co Raises Holdings in Lockheed Martin Co. (NYSE:LMT)

FCG Investment Co boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,235 shares of the aerospace company’s stock after acquiring an additional 178 shares during the quarter. Lockheed Martin comprises 1.5% of FCG Investment Co’s holdings, making the stock its 16th largest holding. FCG Investment Co’s holdings in Lockheed Martin were worth $2,544,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LMT. Public Sector Pension Investment Board lifted its stake in Lockheed Martin by 110.2% during the second quarter. Public Sector Pension Investment Board now owns 7,847 shares of the aerospace company’s stock worth $3,665,000 after purchasing an additional 4,114 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Lockheed Martin by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company’s stock worth $902,714,000 after acquiring an additional 31,545 shares in the last quarter. Drucker Wealth 3.0 LLC acquired a new position in Lockheed Martin during the 2nd quarter worth about $500,000. Decatur Capital Management Inc. boosted its holdings in Lockheed Martin by 2.6% during the 2nd quarter. Decatur Capital Management Inc. now owns 4,306 shares of the aerospace company’s stock valued at $2,011,000 after acquiring an additional 110 shares during the period. Finally, Deerfield Management Company L.P. Series C acquired a new position in Lockheed Martin in the 2nd quarter valued at about $300,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the subject of several recent research reports. Truist Financial started coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. Royal Bank of Canada dropped their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Susquehanna reduced their price objective on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird boosted their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, UBS Group increased their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Trading Down 0.5 %

Shares of Lockheed Martin stock opened at $496.93 on Friday. The stock has a market cap of $117.79 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a fifty day simple moving average of $500.84 and a 200-day simple moving average of $536.25. 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 issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.77 EPS. On average, equities analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current fiscal 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.