Twin Capital Management Inc. Acquires 1,998 Shares of Lockheed Martin Corporation $LMT

Twin Capital Management Inc. boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 133.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,500 shares of the aerospace company’s stock after acquiring an additional 1,998 shares during the period. Twin Capital Management Inc.’s holdings in Lockheed Martin were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of LMT. Old North State Wealth Management LLC lifted its holdings in Lockheed Martin by 2.0% during the third quarter. Old North State Wealth Management LLC now owns 1,073 shares of the aerospace company’s stock worth $539,000 after buying an additional 21 shares during the period. Barnes Wealth Management Group Inc raised its position in shares of Lockheed Martin by 4.2% in the 2nd quarter. Barnes Wealth Management Group Inc now owns 567 shares of the aerospace company’s stock worth $263,000 after acquiring an additional 23 shares in the last quarter. Collective Family Office LLC lifted its stake in shares of Lockheed Martin by 4.6% during the 3rd quarter. Collective Family Office LLC now owns 527 shares of the aerospace company’s stock worth $263,000 after purchasing an additional 23 shares during the last quarter. Financial Partners Group Inc boosted its position in Lockheed Martin by 4.3% during the third quarter. Financial Partners Group Inc now owns 555 shares of the aerospace company’s stock valued at $277,000 after purchasing an additional 23 shares in the last quarter. Finally, Lewis Asset Management LLC grew its stake in Lockheed Martin by 4.3% in the third quarter. Lewis Asset Management LLC now owns 554 shares of the aerospace company’s stock valued at $277,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the subject of several analyst reports. TD Cowen increased their price target on shares of Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. increased their target price on shares of Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Morgan Stanley set a $675.00 target price on shares of Lockheed Martin in a research note on Wednesday. Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Finally, The Goldman Sachs Group increased their price objective on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a report on Monday. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average target price of $612.50.

Lockheed Martin Price Performance

NYSE LMT opened at $623.25 on Friday. The company has a market cap of $143.40 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 1.39 and a beta of 0.23. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. The stock’s fifty day moving average price is $526.24 and its 200 day moving average price is $486.09. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $646.59.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The firm had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the previous year, the firm posted $7.67 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.