RMR Wealth Builders Buys 296 Shares of Lockheed Martin Co. (NYSE:LMT)

RMR Wealth Builders grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,124 shares of the aerospace company’s stock after purchasing an additional 296 shares during the quarter. RMR Wealth Builders’ holdings in Lockheed Martin were worth $1,518,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Citigroup raised their target price on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. UBS Group boosted their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company decreased their price objective 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $591.21.

Lockheed Martin Price Performance

NYSE LMT traded down $1.01 on Friday, hitting $467.84. The stock had a trading volume of 1,127,357 shares, compared to its average volume of 1,144,601. The firm has a 50-day moving average of $512.94 and a 200-day moving average of $534.43. The company has a market capitalization of $110.89 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 4.05 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 52-week low of $413.92 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $17.38 billion. During the same period in the previous year, the business earned $6.77 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. Equities analysts expect that Lockheed Martin Co. will post 26.88 EPS for the current year.

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.