Lockheed Martin Corporation $LMT Shares Acquired by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Lockheed Martin Corporation (NYSE:LMT) by 8.5% during the third quarter, Holdings Channel reports. The fund owned 17,150 shares of the aerospace company’s stock after buying an additional 1,350 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Lockheed Martin were worth $8,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LMT. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Lockheed Martin by 285.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after buying an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $27,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Lockheed Martin during the second quarter worth $29,000. Finally, Frazier Financial Advisors LLC purchased a new position in Lockheed Martin in the second quarter valued at $34,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Susquehanna restated a “positive” rating and set a $660.00 target price on shares of Lockheed Martin in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft increased their target price on Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a research report on Friday, January 30th. DZ Bank cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective for the company. in a research report on Tuesday. Wall Street Zen upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Finally, Royal Bank Of Canada upped their price target on shares of Lockheed Martin from $615.00 to $650.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $608.72.

Lockheed Martin Trading Up 0.8%

LMT opened at $607.54 on Friday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $646.59. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. The firm has a market capitalization of $139.78 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 1.37 and a beta of 0.23. The company’s 50 day simple moving average is $522.92 and its two-hundred day simple moving average is $484.97.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period last year, the firm posted $7.67 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin 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.