Strategic Investment Advisors MI boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 18.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,103 shares of the aerospace company’s stock after purchasing an additional 172 shares during the period. Strategic Investment Advisors MI’s holdings in Lockheed Martin were worth $392,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Family Legacy Inc. grew its position in Lockheed Martin by 0.4% during the third quarter. Family Legacy Inc. now owns 6,947 shares of the aerospace company’s stock worth $2,663,000 after buying an additional 26 shares in the last quarter. Toth Financial Advisory Corp raised its stake in Lockheed Martin by 9.2% in the third quarter. Toth Financial Advisory Corp now owns 308 shares of the aerospace company’s stock worth $118,000 after buying an additional 26 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in Lockheed Martin by 2.1% in the third quarter. First Citizens Bank & Trust Co. now owns 1,258 shares of the aerospace company’s stock worth $482,000 after buying an additional 26 shares in the last quarter. Bay Harbor Wealth Management LLC raised its stake in Lockheed Martin by 24.6% in the third quarter. Bay Harbor Wealth Management LLC now owns 142 shares of the aerospace company’s stock worth $54,000 after buying an additional 28 shares in the last quarter. Finally, Paradigm Financial Partners LLC raised its stake in Lockheed Martin by 0.4% in the third quarter. Paradigm Financial Partners LLC now owns 6,366 shares of the aerospace company’s stock worth $2,440,000 after buying an additional 28 shares in the last quarter. 69.37% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on LMT shares. Credit Suisse Group raised their target price on shares of Lockheed Martin from $400.00 to $409.00 in a research note on Tuesday, December 22nd. Royal Bank of Canada raised their price target on shares of Lockheed Martin from $405.00 to $414.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 21st. The Goldman Sachs Group downgraded shares of Lockheed Martin from a “conviction-buy” rating to a “buy” rating in a research report on Sunday, September 20th. Morgan Stanley reduced their price target on shares of Lockheed Martin from $509.00 to $480.00 and set an “overweight” rating for the company in a research report on Thursday, January 7th. Finally, ValuEngine downgraded shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Wednesday, October 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $445.00.

Shares of LMT stock opened at $345.49 on Thursday. Lockheed Martin Co. has a 12-month low of $266.11 and a 12-month high of $442.53. The company has a current ratio of 1.33, a quick ratio of 1.12 and a debt-to-equity ratio of 2.34. The firm’s 50 day moving average is $355.90 and its 200 day moving average is $372.48. The stock has a market capitalization of $96.66 billion, a P/E ratio of 14.89, a P/E/G ratio of 2.19 and a beta of 0.93.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 20th. The aerospace company reported $6.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $6.07 by $0.18. The business had revenue of $16.50 billion for the quarter, compared to analysts’ expectations of $16.14 billion. Lockheed Martin had a net margin of 10.18% and a return on equity of 173.43%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $5.66 EPS. As a group, equities analysts predict that Lockheed Martin Co. will post 24.82 earnings per share for the current year.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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