Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Range Financial Group LLC

Range Financial Group LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 158.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,505 shares of the aerospace company’s stock after buying an additional 1,535 shares during the period. Range Financial Group LLC’s holdings in Lockheed Martin were worth $1,217,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bath Savings Trust Co increased its holdings in shares of Lockheed Martin by 7.5% during the 4th quarter. Bath Savings Trust Co now owns 10,820 shares of the aerospace company’s stock worth $5,258,000 after buying an additional 758 shares during the last quarter. Diversified Trust Co boosted its position in shares of Lockheed Martin by 6.0% in the fourth quarter. Diversified Trust Co now owns 9,009 shares of the aerospace company’s stock worth $4,378,000 after buying an additional 506 shares during the period. Fortem Financial Group LLC raised its holdings in shares of Lockheed Martin by 2.3% during the 4th quarter. Fortem Financial Group LLC now owns 1,875 shares of the aerospace company’s stock valued at $911,000 after buying an additional 43 shares during the period. Silverleafe Capital Partners LLC lifted its position in Lockheed Martin by 3.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 6,396 shares of the aerospace company’s stock worth $3,108,000 after acquiring an additional 189 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in shares of Lockheed Martin by 15.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 567 shares of the aerospace company’s stock valued at $276,000 after purchasing an additional 77 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT stock traded down $1.58 during mid-day trading on Tuesday, reaching $464.42. The company had a trading volume of 1,276,463 shares, compared to its average volume of 1,184,598. 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’s 50-day simple moving average is $517.70 and its two-hundred day simple moving average is $535.38. The stock has a market capitalization of $110.08 billion, a P/E ratio of 16.81, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on LMT. Barclays cut their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday. TD Cowen increased their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Citigroup upped their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. raised their price objective on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $601.79.

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.