Lockheed Martin Co. (NYSE:LMT) Shares Bought by Sage Capital Advisors llc

Sage Capital Advisors llc grew its stake in Lockheed Martin Co. (NYSE:LMT) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,039 shares of the aerospace company’s stock after buying an additional 32 shares during the quarter. Lockheed Martin accounts for about 1.3% of Sage Capital Advisors llc’s portfolio, making the stock its 27th largest holding. Sage Capital Advisors llc’s holdings in Lockheed Martin were worth $4,878,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC purchased a new stake in Lockheed Martin during the second quarter worth $27,000. Burkett Financial Services LLC acquired a new stake in Lockheed Martin during the third quarter valued at $32,000. Capital Performance Advisors LLP purchased a new position in Lockheed Martin in the third quarter valued at $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth about $42,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.0 %

LMT traded up $0.10 on Friday, hitting $468.95. The company had a trading volume of 609,013 shares, compared to its average volume of 1,053,460. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The firm has a market cap of $111.16 billion, a P/E ratio of 16.98, a PEG ratio of 4.05 and a beta of 0.48. The company’s fifty day moving average price is $512.94 and its 200 day moving average price is $534.43. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the previous year, the company earned $6.77 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts expect that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Analysts Set New Price Targets

LMT has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday. Royal Bank of Canada decreased their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. UBS Group boosted their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Finally, Citigroup upped their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $591.21.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.