Exeter Financial LLC Purchases 49 Shares of Lockheed Martin Co. (NYSE:LMT)

Exeter Financial LLC increased its position in Lockheed Martin Co. (NYSE:LMT) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,410 shares of the aerospace company’s stock after buying an additional 49 shares during the period. Exeter Financial LLC’s holdings in Lockheed Martin were worth $2,143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in Lockheed Martin by 686.0% during the second quarter. Federated Hermes Inc. now owns 34,774 shares of the aerospace company’s stock valued at $16,243,000 after purchasing an additional 30,350 shares in the last quarter. Plato Investment Management Ltd lifted its holdings in shares of Lockheed Martin by 5.1% in the 2nd quarter. Plato Investment Management Ltd now owns 1,118 shares of the aerospace company’s stock valued at $522,000 after acquiring an additional 54 shares during the last quarter. Fairfield Financial Advisors LTD purchased a new position in Lockheed Martin in the second quarter worth about $259,000. Dimensional Fund Advisors LP increased its stake in Lockheed Martin by 11.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,169,223 shares of the aerospace company’s stock worth $546,144,000 after acquiring an additional 119,052 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in Lockheed Martin by 39.0% during the second quarter. Quantbot Technologies LP now owns 9,050 shares of the aerospace company’s stock valued at $4,227,000 after purchasing an additional 2,537 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Up 3.4 %

LMT stock opened at $483.76 on Tuesday. The firm has a market cap of $114.67 billion, a P/E ratio of 17.51, a PEG ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The company’s 50-day simple moving average is $510.20 and its 200-day simple moving average is $535.47.

Lockheed Martin (NYSE:LMT) last released its quarterly 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. The firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $6.77 EPS. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. TD Cowen increased their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Citigroup boosted their target price on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Barclays reduced their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, UBS Group boosted their price objective on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.