Thrive Wealth Management LLC Purchases 70 Shares of Lockheed Martin Co. (NYSE:LMT)

Thrive Wealth Management LLC raised its position in Lockheed Martin Co. (NYSE:LMT) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,841 shares of the aerospace company’s stock after purchasing an additional 70 shares during the period. Thrive Wealth Management LLC’s holdings in Lockheed Martin were worth $1,866,000 as of its most recent filing with the SEC.

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

Lockheed Martin Stock Up 0.8 %

Shares of LMT stock opened at $490.60 on Monday. The firm’s 50-day moving average is $504.80 and its 200-day moving average is $535.54. The stock has a market cap of $116.29 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. 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 52-week low of $413.92 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same period in the previous year, the company posted $6.77 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on LMT. JPMorgan Chase & Co. lowered their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group increased their price objective on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Susquehanna reduced their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. TD Cowen lifted their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird increased their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.