BluePath Capital Management LLC Buys 702 Shares of Lockheed Martin Co. (NYSE:LMT)

BluePath Capital Management LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 19.7% during the 4th quarter, Holdings Channel reports. The fund owned 4,267 shares of the aerospace company’s stock after buying an additional 702 shares during the quarter. Lockheed Martin accounts for about 1.1% of BluePath Capital Management LLC’s investment portfolio, making the stock its 17th biggest holding. BluePath Capital Management LLC’s holdings in Lockheed Martin were worth $2,062,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in shares of Lockheed Martin by 60,592.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company’s stock valued at $911,433,000 after purchasing an additional 1,556,609 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Lockheed Martin by 124.0% during the third quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company’s stock worth $263,561,000 after buying an additional 249,591 shares in the last quarter. Wellington Management Group LLP raised its position in Lockheed Martin by 8.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock valued at $1,797,437,000 after buying an additional 240,306 shares during the last quarter. FMR LLC boosted its position in Lockheed Martin by 6.6% during the 3rd quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock worth $1,981,088,000 after acquiring an additional 209,591 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Lockheed Martin by 14.9% during the 2nd quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company’s stock worth $646,828,000 after acquiring an additional 180,074 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Down 0.2 %

LMT stock opened at $483.71 on Thursday. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a market capitalization of $114.66 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48. The company’s 50-day simple moving average is $508.95 and its 200 day simple moving average is $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.

Lockheed Martin (NYSE:LMT) last announced 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. The company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $6.77 earnings per share. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Royal Bank of Canada lowered 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. Truist Financial began coverage on Lockheed Martin in a report on Tuesday. They issued a “buy” rating and a $579.00 price objective for the company. Wells Fargo & Company lowered their target price 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. Finally, Citigroup increased their price target 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus target price of $590.40.

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.