Vest Financial LLC Boosts Stock Position in Lockheed Martin Corporation $LMT

Vest Financial LLC grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 25.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,085 shares of the aerospace company’s stock after buying an additional 1,229 shares during the quarter. Vest Financial LLC’s holdings in Lockheed Martin were worth $3,038,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC raised its stake in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after buying an additional 50 shares during the last quarter. Accurate Wealth Management LLC raised its stake in Lockheed Martin by 11.7% during the second quarter. Accurate Wealth Management LLC now owns 1,989 shares of the aerospace company’s stock valued at $924,000 after buying an additional 209 shares in the last quarter. BCS Wealth Management raised its stake in Lockheed Martin by 3.3% during the second quarter. BCS Wealth Management now owns 1,402 shares of the aerospace company’s stock valued at $649,000 after buying an additional 45 shares in the last quarter. Finally, McAdam LLC lifted its holdings in Lockheed Martin by 8.9% during the 2nd quarter. McAdam LLC now owns 1,560 shares of the aerospace company’s stock worth $722,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT stock opened at $592.99 on Friday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $595.95. The stock has a market capitalization of $137.22 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 1.67 and a beta of 0.24. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The stock’s fifty day moving average is $493.46 and its two-hundred day moving average is $475.11.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The business had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $6.84 EPS. On average, research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LMT shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $515.00 price target (up from $465.00) on shares of Lockheed Martin in a report on Friday, December 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $586.00 price objective on shares of Lockheed Martin in a report on Monday, January 12th. Susquehanna reissued a “positive” rating and set a $660.00 target price on shares of Lockheed Martin in a report on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Finally, BNP Paribas Exane boosted their price objective on shares of Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Five analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $543.82.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.