Wesbanco Bank Inc. Buys 11,527 Shares of Lockheed Martin Co. (NYSE:LMT)

Wesbanco Bank Inc. boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 109.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 22,024 shares of the aerospace company’s stock after purchasing an additional 11,527 shares during the quarter. Wesbanco Bank Inc.’s holdings in Lockheed Martin were worth $10,702,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $26,000. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at $27,000. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $32,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $42,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of research reports. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Robert W. Baird boosted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Finally, StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $499.41 on Thursday. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The business has a 50-day simple moving average of $502.01 and a two-hundred day simple moving average of $536.51. 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 firm has a market cap of $118.38 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 4.11 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 earnings per share 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 business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the previous year, the firm earned $6.77 EPS. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. On average, analysts expect that Lockheed Martin Co. will post 26.81 earnings per share for the current year.

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.