Capital Planning Advisors LLC Raises Holdings in Lockheed Martin Co. (NYSE:LMT)

Capital Planning Advisors LLC increased its position in Lockheed Martin Co. (NYSE:LMT) by 14.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,405 shares of the aerospace company’s stock after purchasing an additional 815 shares during the period. Capital Planning Advisors LLC’s holdings in Lockheed Martin were worth $3,112,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LMT. Public Sector Pension Investment Board boosted its stake in Lockheed Martin by 110.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 7,847 shares of the aerospace company’s stock worth $3,665,000 after purchasing an additional 4,114 shares during the period. Marshall Wace LLP raised its holdings in shares of Lockheed Martin by 82.2% in the second quarter. Marshall Wace LLP now owns 183,473 shares of the aerospace company’s stock valued at $85,700,000 after buying an additional 82,761 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Lockheed Martin by 55.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,457 shares of the aerospace company’s stock worth $19,365,000 after buying an additional 14,708 shares during the last quarter. Sfmg LLC increased its position in Lockheed Martin by 5.1% in the 2nd quarter. Sfmg LLC now owns 858 shares of the aerospace company’s stock valued at $401,000 after acquiring an additional 42 shares during the period. Finally, Royal Capital Wealth Management LLC purchased a new stake in Lockheed Martin during the 2nd quarter valued at approximately $201,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LMT. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Robert W. Baird upped their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Susquehanna lowered their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. UBS Group increased their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus target price of $577.73.

Lockheed Martin Stock Performance

NYSE LMT opened at $499.41 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. 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 fifty day moving average of $500.84 and a 200-day moving average of $536.25. The stock 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 released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $6.77 EPS. As a group, analysts predict that Lockheed Martin Co. will post 26.81 earnings per share for the current fiscal 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.