Lockheed Martin Co. (NYSE:LMT) Shares Bought by Wendell David Associates Inc.

Wendell David Associates Inc. lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.2% during the fourth quarter, Holdings Channel reports. The fund owned 7,153 shares of the aerospace company’s stock after acquiring an additional 82 shares during the period. Wendell David Associates Inc.’s holdings in Lockheed Martin were worth $3,476,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Public Sector Pension Investment Board increased its holdings in Lockheed Martin by 110.2% in the second quarter. Public Sector Pension Investment Board now owns 7,847 shares of the aerospace company’s stock valued at $3,665,000 after buying an additional 4,114 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Lockheed Martin by 82.2% in the 2nd quarter. Marshall Wace LLP now owns 183,473 shares of the aerospace company’s stock valued at $85,700,000 after acquiring an additional 82,761 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Lockheed Martin by 55.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,457 shares of the aerospace company’s stock worth $19,365,000 after acquiring an additional 14,708 shares in the last quarter. Sfmg LLC lifted its stake in Lockheed Martin by 5.1% during the second quarter. Sfmg LLC now owns 858 shares of the aerospace company’s stock worth $401,000 after purchasing an additional 42 shares during the last quarter. Finally, Royal Capital Wealth Management LLC acquired a new position in Lockheed Martin in the second quarter valued at approximately $201,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $499.41 on Thursday. The business has a 50 day simple moving average of $502.01 and a 200-day simple moving average of $536.51. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The stock has a market capitalization of $118.38 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 4.11 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 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter last year, the business earned $6.77 EPS. The business’s revenue was up 1.3% on a year-over-year basis. Equities analysts predict that Lockheed Martin Co. will post 26.81 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LMT. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price target for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Susquehanna dropped their price objective on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Finally, Royal Bank of Canada dropped their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target of $577.73.

Lockheed Martin Company 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.