S.E.E.D. Planning Group LLC Increases Holdings in Lockheed Martin Co. (NYSE:LMT)

S.E.E.D. Planning Group LLC raised its stake in Lockheed Martin Co. (NYSE:LMT) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,797 shares of the aerospace company’s stock after purchasing an additional 461 shares during the quarter. Lockheed Martin comprises about 1.6% of S.E.E.D. Planning Group LLC’s investment portfolio, making the stock its 26th biggest position. S.E.E.D. Planning Group LLC’s holdings in Lockheed Martin were worth $4,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of LMT. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $26,000. Mattson Financial Services LLC acquired a new stake in Lockheed Martin in the second quarter valued at approximately $27,000. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin during the third quarter valued at approximately $32,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin during the third quarter worth $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin in the third quarter valued at $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.2 %

NYSE LMT opened at $484.08 on Wednesday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company has a 50-day simple moving average of $508.95 and a 200-day simple moving average of $535.59. The firm has a market capitalization of $114.74 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.77 earnings per share. On average, equities analysts forecast that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent analyst reports. Truist Financial began coverage on shares of Lockheed Martin in a report on Tuesday. They issued a “buy” rating and a $579.00 price objective on the stock. Wells Fargo & Company cut their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. increased their price target on Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Robert W. Baird lifted their price objective on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, Susquehanna reduced their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $590.40.

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.