Oak Thistle LLC Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Oak Thistle LLC bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, Holdings Channel.com reports. The firm bought 2,282 shares of the aerospace company’s stock, valued at approximately $1,109,000.

Other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. grew its position in shares of 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 purchasing an additional 30,350 shares during the last quarter. Quantbot Technologies LP grew its position in shares of Lockheed Martin by 39.0% in the second quarter. Quantbot Technologies LP now owns 9,050 shares of the aerospace company’s stock valued at $4,227,000 after purchasing an additional 2,537 shares during the last quarter. One Capital Management LLC grew its position in shares of Lockheed Martin by 1.4% in the second quarter. One Capital Management LLC now owns 10,508 shares of the aerospace company’s stock valued at $4,908,000 after purchasing an additional 141 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Lockheed Martin by 179.6% in the second quarter. Renaissance Technologies LLC now owns 149,300 shares of the aerospace company’s stock valued at $69,738,000 after purchasing an additional 95,900 shares during the last quarter. Finally, Wulff Hansen & CO. grew its position in shares of Lockheed Martin by 56,626.7% in the second quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company’s stock valued at $476,947,000 after purchasing an additional 1,019,281 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.2 %

Shares of LMT opened at $484.08 on Wednesday. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The company has a 50-day moving average price of $508.95 and a two-hundred day moving average price of $535.59. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The stock has a market cap of $114.74 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company posted $6.77 earnings per share. Lockheed Martin’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts predict that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Analyst Ratings Changes

LMT has been the topic of several research analyst reports. Robert W. Baird raised their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Truist Financial began coverage on shares of Lockheed Martin in a research note on Tuesday. They issued a “buy” rating and a $579.00 target price for the company. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $590.40.

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.