Atwood & Palmer Inc. Grows Position in Lockheed Martin Co. (NYSE:LMT)

Atwood & Palmer Inc. grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,050 shares of the aerospace company’s stock after purchasing an additional 23 shares during the period. Lockheed Martin makes up about 2.3% of Atwood & Palmer Inc.’s holdings, making the stock its 13th largest position. Atwood & Palmer Inc.’s holdings in Lockheed Martin were worth $33,068,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tudor Financial Inc. boosted its holdings in Lockheed Martin by 13.7% during the fourth quarter. Tudor Financial Inc. now owns 1,084 shares of the aerospace company’s stock worth $527,000 after buying an additional 131 shares in the last quarter. LaFleur & Godfrey LLC lifted its position in shares of Lockheed Martin by 18.0% during the 4th quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company’s stock valued at $562,000 after acquiring an additional 176 shares during the period. Zhang Financial LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $1,001,000. Penn Davis Mcfarland Inc. grew its holdings in shares of Lockheed Martin by 0.3% in the 4th quarter. Penn Davis Mcfarland Inc. now owns 47,059 shares of the aerospace company’s stock worth $22,868,000 after acquiring an additional 118 shares during the period. Finally, Stokes Capital Advisors LLC increased its stake in Lockheed Martin by 1.7% in the 4th quarter. Stokes Capital Advisors LLC now owns 12,738 shares of the aerospace company’s stock valued at $6,190,000 after purchasing an additional 214 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $490.60 on Tuesday. The stock has a fifty day moving average price of $504.80 and a 200 day moving average price of $536.03. 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 52 week low of $413.92 and a 52 week high of $618.95. The firm has a market capitalization of $116.29 billion, a P/E ratio of 17.76, a PEG ratio of 3.96 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data 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. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the prior year, the firm posted $6.77 EPS. The company’s revenue was up 1.3% on a year-over-year basis. Equities research analysts anticipate that Lockheed Martin Co. will post 26.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Susquehanna decreased their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Citigroup increased their price objective 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. Robert W. Baird lifted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Finally, Truist Financial began coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.