Ibex Wealth Advisors increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 5.0% during the 4th quarter, Holdings Channel reports. The firm owned 19,670 shares of the aerospace company’s stock after purchasing an additional 928 shares during the quarter. Lockheed Martin makes up approximately 2.3% of Ibex Wealth Advisors’ holdings, making the stock its 8th largest holding. Ibex Wealth Advisors’ holdings in Lockheed Martin were worth $7,659,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Chesley Taft & Associates LLC raised its position in Lockheed Martin by 0.6% in the third quarter. Chesley Taft & Associates LLC now owns 4,496 shares of the aerospace company’s stock worth $1,754,000 after acquiring an additional 26 shares during the period. Washington Trust Bank raised its position in Lockheed Martin by 2.0% in the third quarter. Washington Trust Bank now owns 1,459 shares of the aerospace company’s stock worth $569,000 after acquiring an additional 28 shares during the period. Nvwm LLC raised its position in Lockheed Martin by 1.4% in the third quarter. Nvwm LLC now owns 2,096 shares of the aerospace company’s stock worth $818,000 after acquiring an additional 28 shares during the period. Karp Capital Management Corp raised its position in Lockheed Martin by 1.0% in the third quarter. Karp Capital Management Corp now owns 2,804 shares of the aerospace company’s stock worth $1,094,000 after acquiring an additional 28 shares during the period. Finally, Indiana Trust & Investment Management CO raised its position in Lockheed Martin by 3.3% in the fourth quarter. Indiana Trust & Investment Management CO now owns 880 shares of the aerospace company’s stock worth $343,000 after acquiring an additional 28 shares during the period. 78.86% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on LMT. Barclays reaffirmed a “hold” rating and set a $410.00 target price on shares of Lockheed Martin in a report on Wednesday, October 9th. ValuEngine lowered shares of Lockheed Martin from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Morgan Stanley upped their target price on shares of Lockheed Martin from $364.00 to $375.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Credit Suisse Group decreased their target price on shares of Lockheed Martin from $401.00 to $385.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Buckingham Research boosted their price target on shares of Lockheed Martin from $405.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $387.91.

LMT traded up $1.73 during trading on Friday, hitting $431.62. 58,547 shares of the stock traded hands, compared to its average volume of 1,075,744. The firm has a market capitalization of $119.72 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.47 and a beta of 0.94. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.28 and a quick ratio of 1.05. The firm has a 50-day moving average of $401.14 and a 200 day moving average of $384.63. Lockheed Martin Co. has a 12-month low of $281.00 and a 12-month high of $429.56.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $5.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.02 by $0.64. The business had revenue of $15.17 billion during the quarter, compared to analysts’ expectations of $14.87 billion. Lockheed Martin had a net margin of 10.26% and a return on equity of 221.59%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.14 EPS. As a group, equities analysts predict that Lockheed Martin Co. will post 21.62 EPS for the current fiscal year.

Lockheed Martin announced that its Board of Directors has authorized a stock buyback plan on Thursday, September 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the aerospace company to buy up to 1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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