Lockheed Martin Co. (NYSE:LMT) Shares Bought by Smith Thornton Advisors LLC

Smith Thornton Advisors LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 814 shares of the aerospace company’s stock after purchasing an additional 30 shares during the quarter. Smith Thornton Advisors LLC’s holdings in Lockheed Martin were worth $396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the 3rd quarter valued at approximately $26,000. Mattson Financial Services LLC purchased a new position in Lockheed Martin during the second quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $32,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin in the third quarter worth about $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in Lockheed Martin during the third quarter worth approximately $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.2 %

Lockheed Martin stock opened at $483.71 on Thursday. The stock has a 50-day simple moving average of $508.95 and a 200-day simple moving average of $535.59. The company has a market capitalization of $114.66 billion, a P/E ratio of 17.51, a PEG ratio of 3.76 and a beta of 0.48. 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 Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for 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%. Lockheed Martin’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $6.77 EPS. Equities research analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target 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. TD Cowen raised their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Susquehanna cut their target price 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. Wells Fargo & Company lowered their price target on shares of 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, Citigroup lifted their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock 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.