Sugar Maple Asset Management LLC Invests $47,000 in Lockheed Martin Co. (NYSE:LMT)

Sugar Maple Asset Management LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 97 shares of the aerospace company’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC bought a new position in Lockheed Martin in the 2nd quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new position in Lockheed Martin in the 3rd quarter valued at approximately $32,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin in the 3rd quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC bought a new position in Lockheed Martin in the 3rd quarter valued at approximately $42,000. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. TD Cowen upped their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird upped their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $584.40.

Lockheed Martin Trading Up 0.8 %

LMT opened at $490.60 on Tuesday. The stock has a market cap of $116.29 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 3.96 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a fifty day moving average of $504.80 and a 200-day moving average of $536.03. 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 issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $6.77 earnings per share. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.8 EPS for the current year.

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.