Lockheed Martin Co. (NYSE:LMT) Shares Purchased by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC raised its position in Lockheed Martin Co. (NYSE:LMT) by 4.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,797 shares of the aerospace company’s stock after acquiring an additional 461 shares during the quarter. Lockheed Martin accounts for about 1.6% of S.E.E.D. Planning Group LLC’s investment portfolio, making the stock its 26th biggest position. S.E.E.D. Planning Group LLC’s holdings in Lockheed Martin were worth $4,761,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of analysts have commented on LMT shares. Royal Bank of Canada dropped their price target on shares of 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 initiated coverage on Lockheed Martin in a report on Tuesday. They set a “buy” rating and a $579.00 target price on the stock. UBS Group increased their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company dropped their price objective on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $590.40.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $484.08 on Wednesday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The company has a market cap of $114.74 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The firm’s 50 day simple moving average is $508.95 and its 200-day simple moving average is $535.59.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $6.77 EPS. As a group, equities research analysts predict that Lockheed Martin Co. will post 26.88 EPS for the current year.

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.