Wynn Capital LLC Buys 22 Shares of Lockheed Martin Co. (NYSE:LMT)

Wynn Capital LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,185 shares of the aerospace company’s stock after purchasing an additional 22 shares during the quarter. Wynn Capital LLC’s holdings in Lockheed Martin were worth $1,062,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in shares of Lockheed Martin by 2.1% during the third quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company’s stock valued at $382,498,000 after buying an additional 13,253 shares during the last quarter. Virtue Capital Management LLC boosted its holdings in Lockheed Martin by 112.8% during the 3rd quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company’s stock valued at $1,315,000 after acquiring an additional 1,192 shares during the period. Hilltop Holdings Inc. grew its position in Lockheed Martin by 79.9% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company’s stock valued at $7,054,000 after acquiring an additional 5,361 shares during the last quarter. Old West Investment Management LLC increased its stake in Lockheed Martin by 6.6% in the third quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company’s stock worth $15,569,000 after purchasing an additional 1,643 shares during the period. Finally, Capital Investment Advisors LLC lifted its position in shares of Lockheed Martin by 2.2% during the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company’s stock worth $44,770,000 after purchasing an additional 2,011 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 0.2 %

LMT stock opened at $484.08 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The stock has a market capitalization of $114.74 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The firm has a 50 day moving average of $508.95 and a 200 day moving average of $535.59.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data 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. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the previous year, the company earned $6.77 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Sell-side analysts forecast that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

LMT has been the subject of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. TD Cowen raised their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird upped their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company cut their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average target price of $590.40.

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.