Ballentine Partners LLC Has $1.88 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Ballentine Partners LLC lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,876 shares of the aerospace company’s stock after purchasing an additional 104 shares during the quarter. Ballentine Partners LLC’s holdings in Lockheed Martin were worth $1,884,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin in the 3rd quarter valued at $26,000. Mattson Financial Services LLC purchased a new stake in Lockheed Martin in the 2nd quarter valued at $27,000. Burkett Financial Services LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at $32,000. Capital Performance Advisors LLP purchased a new stake in Lockheed Martin in the 3rd quarter valued at $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at $42,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 3.3 %

LMT stock opened at $506.57 on Wednesday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The company has a market capitalization of $120.07 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 3.96 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The stock has a fifty day moving average of $503.20 and a 200-day moving average of $536.20.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the prior year, the company earned $6.77 EPS. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts predict that Lockheed Martin Co. will post 26.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LMT. Citigroup lowered their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Barclays decreased their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Susquehanna decreased their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, UBS Group raised their target price on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $577.73.

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.