Advocate Group LLC Has $269,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Advocate Group LLC increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 5.5% during the fourth quarter, HoldingsChannel reports. The fund owned 553 shares of the aerospace company’s stock after acquiring an additional 29 shares during the quarter. Advocate Group LLC’s holdings in Lockheed Martin were worth $269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CVA Family Office LLC grew its position in shares of Lockheed Martin by 1.1% during the third quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company’s stock valued at $905,000 after purchasing an additional 17 shares in the last quarter. AllGen Financial Advisors Inc. grew its holdings in Lockheed Martin by 4.0% during the 3rd quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company’s stock valued at $274,000 after buying an additional 18 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in 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 buying an additional 18 shares in the last quarter. Sunburst Financial Group LLC grew its holdings in 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 grew its holdings in Lockheed Martin by 1.2% during the 3rd quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company’s stock valued at $919,000 after buying an additional 19 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $496.96 on Friday. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The firm has a fifty day moving average of $499.24 and a 200 day moving average of $536.23. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The firm has a market cap of $117.80 billion, a PE ratio of 17.99, a PEG ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion during 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 company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.77 earnings per share. As a group, research analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LMT. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Barclays dropped their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada dropped their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $577.73.

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.