Lockheed Martin Co. (NYSE:LMT) Stock Position Raised by BluePath Capital Management LLC

BluePath Capital Management LLC increased its position in Lockheed Martin Co. (NYSE:LMT) by 19.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,267 shares of the aerospace company’s stock after buying an additional 702 shares during the period. Lockheed Martin accounts for 1.1% of BluePath Capital Management LLC’s portfolio, making the stock its 17th largest holding. BluePath Capital Management LLC’s holdings in Lockheed Martin were worth $2,062,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC increased its holdings in shares of Lockheed Martin by 2.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 3,608 shares of the aerospace company’s stock valued at $1,753,000 after acquiring an additional 92 shares during the last quarter. Peak Financial Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter worth approximately $1,555,000. Meyer Handelman Co. grew its holdings in Lockheed Martin by 3.1% during the fourth quarter. Meyer Handelman Co. now owns 5,517 shares of the aerospace company’s stock valued at $2,681,000 after purchasing an additional 168 shares during the last quarter. S.E.E.D. Planning Group LLC raised its position in shares of Lockheed Martin by 4.9% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 9,797 shares of the aerospace company’s stock valued at $4,761,000 after purchasing an additional 461 shares during the period. Finally, Moseley Investment Management Inc. lifted its stake in shares of Lockheed Martin by 1.9% in the fourth quarter. Moseley Investment Management Inc. now owns 5,433 shares of the aerospace company’s stock worth $2,640,000 after buying an additional 100 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays dropped their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Susquehanna dropped their price objective on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. TD Cowen increased their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. UBS Group lifted their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada reduced their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus target price of $590.40.

Lockheed Martin Stock Down 0.2 %

NYSE:LMT opened at $483.71 on Thursday. The stock’s fifty day moving average price is $508.95 and its two-hundred day moving average price is $535.59. The company has a market cap of $114.66 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 3.76 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. 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 (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same period last year, the company earned $6.77 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. On average, analysts anticipate that Lockheed Martin Co. will post 26.89 EPS 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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.