Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Strategic Investment Advisors MI


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Strategic Investment Advisors MI boosted its position in Lockheed Martin Co. (NYSE:LMT) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,103 shares of the aerospace company’s stock after purchasing an additional 172 shares during the period. Strategic Investment Advisors MI’s holdings in Lockheed Martin were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Simon Quick Advisors LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth approximately $32,000. Barnett & Company Inc. acquired a new stake in Lockheed Martin during the 3rd quarter worth approximately $38,000. Lenox Wealth Advisors LLC increased its position in Lockheed Martin by 140.5% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 101 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 59 shares in the last quarter. Bay Harbor Wealth Management LLC boosted its holdings in Lockheed Martin by 24.6% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 142 shares of the aerospace company’s stock worth $54,000 after acquiring an additional 28 shares during the period. Finally, Norway Savings Bank boosted its holdings in Lockheed Martin by 127.0% in the 3rd quarter. Norway Savings Bank now owns 143 shares of the aerospace company’s stock worth $55,000 after acquiring an additional 80 shares during the period. Hedge funds and other institutional investors own 69.37% of the company’s stock.

Shares of NYSE:LMT opened at $345.49 on Thursday. Lockheed Martin Co. has a 1-year low of $266.11 and a 1-year high of $442.53. The firm has a market capitalization of $96.66 billion, a PE ratio of 14.89, a PEG ratio of 2.19 and a beta of 0.93. The business’s 50 day moving average is $355.90 and its 200-day moving average is $372.48. The company has a current ratio of 1.33, a quick ratio of 1.12 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 20th. The aerospace company reported $6.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $6.07 by $0.18. Lockheed Martin had a return on equity of 173.43% and a net margin of 10.18%. The company had revenue of $16.50 billion for the quarter, compared to analyst estimates of $16.14 billion. During the same quarter last year, the firm earned $5.66 EPS. Lockheed Martin’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, sell-side analysts predict that Lockheed Martin Co. will post 24.82 EPS for the current year.

A number of equities analysts have weighed in on the company. Robert W. Baird cut Lockheed Martin from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $420.00 to $368.00 in a report on Thursday, January 7th. Morgan Stanley decreased their price target on Lockheed Martin from $509.00 to $480.00 and set an “overweight” rating for the company in a report on Thursday, January 7th. Royal Bank of Canada upped their price target on Lockheed Martin from $405.00 to $414.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 21st. The Goldman Sachs Group cut Lockheed Martin from a “conviction-buy” rating to a “buy” rating in a report on Sunday, September 20th. Finally, Cowen restated a “buy” rating and issued a $410.00 price target on shares of Lockheed Martin in a report on Friday, November 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Lockheed Martin presently has an average rating of “Buy” and an average price target of $445.00.

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, Rotary and Mission Systems, and Space Systems.

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

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