IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 1,350 Shares of Lockheed Martin Corporation $LMT

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,150 shares of the aerospace company’s stock after buying an additional 1,350 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Lockheed Martin were worth $8,561,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in LMT. SlateStone Wealth LLC grew its holdings in Lockheed Martin by 2.1% during the 3rd quarter. SlateStone Wealth LLC now owns 17,830 shares of the aerospace company’s stock worth $8,901,000 after acquiring an additional 361 shares in the last quarter. Willis Investment Counsel lifted its position in shares of Lockheed Martin by 4.9% in the 3rd quarter. Willis Investment Counsel now owns 99,778 shares of the aerospace company’s stock worth $49,810,000 after purchasing an additional 4,675 shares during the period. TAGStone Capital Inc. bought a new position in shares of Lockheed Martin during the third quarter valued at approximately $217,000. Bond & Devick Financial Network Inc. increased its holdings in Lockheed Martin by 6.1% during the third quarter. Bond & Devick Financial Network Inc. now owns 488 shares of the aerospace company’s stock valued at $244,000 after buying an additional 28 shares during the period. Finally, Harmony Asset Management LLC raised its stake in Lockheed Martin by 26.4% in the third quarter. Harmony Asset Management LLC now owns 1,852 shares of the aerospace company’s stock worth $925,000 after buying an additional 387 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on LMT shares. Royal Bank Of Canada increased their target price on Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $586.00 price objective on shares of Lockheed Martin in a research report on Monday, January 12th. BNP Paribas Exane boosted their target price on shares of Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Citigroup increased their price target on shares of Lockheed Martin from $592.00 to $673.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, UBS Group lifted their price objective on shares of Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $608.72.

Lockheed Martin Trading Up 0.8%

Shares of Lockheed Martin stock opened at $607.54 on Friday. The firm’s 50 day simple moving average is $522.92 and its two-hundred day simple moving average is $484.97. The firm has a market capitalization of $139.78 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 1.37 and a beta of 0.23. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $646.59. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05.

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

Lockheed Martin Company 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.