Certified Advisory Corp Has $2.69 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Certified Advisory Corp boosted its position in Lockheed Martin Co. (NYSE:LMT) by 14.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,533 shares of the aerospace company’s stock after purchasing an additional 687 shares during the period. Certified Advisory Corp’s holdings in Lockheed Martin were worth $2,689,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LMT. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin during the third quarter valued at about $26,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin in the 3rd quarter valued at about $32,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin in the third quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin in the third quarter valued at approximately $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $486.48 on Friday. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The company’s 50-day moving average is $507.59 and its 200 day moving average is $535.22. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The company has a market capitalization of $115.32 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.77 EPS. On average, equities research analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. TD Cowen increased their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Robert W. Baird boosted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Finally, Barclays decreased their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.40.

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.