FNY Investment Advisers LLC Buys New Holdings in Lockheed Martin Co. (NYSE:LMT)

FNY Investment Advisers LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 300 shares of the aerospace company’s stock, valued at approximately $145,000.

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

Analysts Set New Price Targets

LMT has been the topic of several recent analyst reports. Susquehanna decreased their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Citigroup boosted their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. TD Cowen increased their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Finally, Barclays dropped their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $590.40.

Lockheed Martin Price Performance

LMT opened at $484.08 on Wednesday. The company has a fifty day moving average price of $508.95 and a two-hundred day moving average price of $535.59. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The firm has a market capitalization of $114.74 billion, a PE ratio of 17.53, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the prior year, the company posted $6.77 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. As a group, analysts anticipate that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Lockheed Martin 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.