Fiduciary Alliance LLC Has $8.36 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Fiduciary Alliance LLC boosted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,196 shares of the aerospace company’s stock after acquiring an additional 1,001 shares during the period. Lockheed Martin accounts for 0.8% of Fiduciary Alliance LLC’s investment portfolio, making the stock its 26th biggest holding. Fiduciary Alliance LLC’s holdings in Lockheed Martin were worth $8,356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMT. Meeder Asset Management Inc. raised its position in shares of Lockheed Martin by 224.2% during the second quarter. Meeder Asset Management Inc. now owns 107 shares of the aerospace company’s stock valued at $50,000 after buying an additional 74 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in Lockheed Martin by 19.8% in the second quarter. GHP Investment Advisors Inc. now owns 3,852 shares of the aerospace company’s stock valued at $1,799,000 after acquiring an additional 637 shares during the period. Federated Hermes Inc. increased its stake in Lockheed Martin by 686.0% in the second quarter. Federated Hermes Inc. now owns 34,774 shares of the aerospace company’s stock valued at $16,243,000 after acquiring an additional 30,350 shares during the period. Thoroughbred Financial Services LLC increased its stake in Lockheed Martin by 19.1% in the second quarter. Thoroughbred Financial Services LLC now owns 5,358 shares of the aerospace company’s stock valued at $2,502,000 after acquiring an additional 859 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in Lockheed Martin by 3.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 25,738 shares of the aerospace company’s stock valued at $12,022,000 after acquiring an additional 906 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of a number of analyst reports. Barclays lowered their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Citigroup upped their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Susquehanna decreased their price objective on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $591.21.

Lockheed Martin Stock Up 2.2 %

Lockheed Martin stock traded up $10.45 during mid-day trading on Monday, reaching $478.50. The company’s stock had a trading volume of 166,287 shares, compared to its average volume of 995,106. The company has a market capitalization of $113.42 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth 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 business’s 50 day simple moving average is $511.39 and its 200 day simple moving average is $535.35. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

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, beating analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.77 earnings per share. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

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.