Lockheed Martin Co. (NYSE:LMT) Shares Purchased by TruWealth Advisors LLC

TruWealth Advisors LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,011 shares of the aerospace company’s stock after acquiring an additional 895 shares during the period. Lockheed Martin comprises 1.3% of TruWealth Advisors LLC’s portfolio, making the stock its 25th largest holding. TruWealth Advisors LLC’s holdings in Lockheed Martin were worth $20,900,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin in the 3rd quarter valued at about $26,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin in the second quarter valued at approximately $27,000. Burkett Financial Services LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $32,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin during the third quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth approximately $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.8 %

Shares of NYSE LMT opened at $490.60 on Friday. The stock has a fifty day moving average price of $504.80 and a 200 day moving average price of $535.05. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a market cap of $116.29 billion, a P/E ratio of 17.76, a P/E/G ratio of 3.76 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The business 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 company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.77 earnings per share. Research analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company decreased their price objective on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. TD Cowen lifted their price target on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Susquehanna cut their price objective on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays lowered their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus price target of $584.40.

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.