HB Wealth Management LLC Has $6.09 Million Position in Lockheed Martin Co. (NYSE:LMT)

HB Wealth Management LLC grew its stake in Lockheed Martin Co. (NYSE:LMT) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,525 shares of the aerospace company’s stock after buying an additional 573 shares during the period. HB Wealth Management LLC’s holdings in Lockheed Martin were worth $6,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Edgestream Partners L.P. increased its position in shares of Lockheed Martin by 63.6% during the second quarter. Edgestream Partners L.P. now owns 3,170 shares of the aerospace company’s stock worth $1,481,000 after buying an additional 1,232 shares during the period. Brighton Jones LLC boosted its position in Lockheed Martin by 5.1% during the second quarter. Brighton Jones LLC now owns 3,956 shares of the aerospace company’s stock valued at $1,848,000 after acquiring an additional 192 shares during the last quarter. Ieq Capital LLC grew its holdings in Lockheed Martin by 12.4% during the 2nd quarter. Ieq Capital LLC now owns 13,396 shares of the aerospace company’s stock worth $6,257,000 after acquiring an additional 1,478 shares during the period. Benjamin Edwards Inc. raised its position in shares of Lockheed Martin by 46.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,124 shares of the aerospace company’s stock worth $525,000 after acquiring an additional 357 shares in the last quarter. Finally, AE Wealth Management LLC lifted its stake in shares of Lockheed Martin by 95.3% in the 2nd quarter. AE Wealth Management LLC now owns 10,943 shares of the aerospace company’s stock valued at $5,112,000 after purchasing an additional 5,340 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 0.8 %

LMT stock opened at $490.60 on Friday. The stock’s 50 day moving average is $504.80 and its 200-day moving average is $535.05. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The firm has a market capitalization of $116.29 billion, a PE ratio of 17.76, a P/E/G ratio of 3.76 and a beta of 0.48. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.77 EPS. Sell-side analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LMT. Citigroup lifted their target price on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Barclays dropped their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Susquehanna reduced their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird upped their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $584.40.

Lockheed Martin Company 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.