True North Advisors LLC Increases Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

True North Advisors LLC boosted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 19.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 647 shares of the aerospace company’s stock after purchasing an additional 107 shares during the period. True North Advisors LLC’s holdings in Lockheed Martin were worth $314,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Public Sector Pension Investment Board boosted its position in shares of Lockheed Martin by 110.2% during the second quarter. Public Sector Pension Investment Board now owns 7,847 shares of the aerospace company’s stock worth $3,665,000 after buying an additional 4,114 shares during the period. Marshall Wace LLP boosted its holdings in Lockheed Martin by 82.2% in the second quarter. Marshall Wace LLP now owns 183,473 shares of the aerospace company’s stock valued at $85,700,000 after purchasing an additional 82,761 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Lockheed Martin by 55.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,457 shares of the aerospace company’s stock worth $19,365,000 after buying an additional 14,708 shares in the last quarter. Sfmg LLC grew its holdings in Lockheed Martin by 5.1% during the 2nd quarter. Sfmg LLC now owns 858 shares of the aerospace company’s stock worth $401,000 after acquiring an additional 42 shares in the last quarter. Finally, Royal Capital Wealth Management LLC purchased a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $201,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on LMT shares. Citigroup lowered their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday. Barclays dropped their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their target price for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Finally, Robert W. Baird upped their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $577.73.

Lockheed Martin Stock Down 1.4 %

LMT opened at $499.41 on Thursday. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The business has a 50 day moving average price of $502.01 and a two-hundred day moving average price of $536.51. 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 company has a market cap of $118.38 billion, a PE ratio of 18.08, a P/E/G ratio of 4.11 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company earned $6.77 earnings per share. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.81 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.