Exchange Traded Concepts LLC Boosts Stock Position in Lockheed Martin Co. (NYSE:LMT)

Exchange Traded Concepts LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 30.7% during the fourth quarter, Holdings Channel reports. The firm owned 25,070 shares of the aerospace company’s stock after acquiring an additional 5,892 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Lockheed Martin were worth $12,183,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Sector Pension Investment Board boosted 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 worth $3,665,000 after acquiring an additional 4,114 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Lockheed Martin by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company’s stock worth $902,714,000 after acquiring an additional 31,545 shares in the last quarter. Drucker Wealth 3.0 LLC bought a new position in shares of Lockheed Martin during the second quarter worth about $500,000. Decatur Capital Management Inc. raised its position in shares of Lockheed Martin by 2.6% during the 2nd quarter. Decatur Capital Management Inc. now owns 4,306 shares of the aerospace company’s stock valued at $2,011,000 after acquiring an additional 110 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C acquired a new stake in shares of Lockheed Martin during the second quarter worth $300,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.3 %

Shares of LMT stock opened at $495.88 on Friday. 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 firm has a market cap of $117.54 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The business has a 50-day moving average price of $500.84 and a two-hundred day moving average price of $536.25. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter last year, the company earned $6.77 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LMT. Citigroup dropped their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday. Truist Financial began coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price for the company. Robert W. Baird raised their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Royal Bank of Canada decreased their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, UBS Group boosted their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average target price 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.