Lockheed Martin Co. (NYSE:LMT) Stock Holdings Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 45.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 130,787 shares of the aerospace company’s stock after purchasing an additional 40,970 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Lockheed Martin were worth $63,555,000 at the end of the most recent reporting period.

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

Lockheed Martin Trading Up 3.3 %

Shares of NYSE:LMT opened at $506.57 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $120.08 billion, a PE ratio of 18.34, a P/E/G ratio of 3.96 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The firm has a fifty day moving average price of $503.20 and a 200 day moving average price of $536.20.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (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 quarter in the prior year, the company posted $6.77 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. Analysts expect that Lockheed Martin Co. will post 26.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on LMT. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Robert W. Baird upped their target price on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. Finally, Barclays lowered their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus price target of $577.73.

About Lockheed Martin

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.