D.B. Root & Company LLC Buys 55 Shares of Lockheed Martin Co. (NYSE:LMT)

D.B. Root & Company LLC raised its stake in Lockheed Martin Co. (NYSE:LMT) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,067 shares of the aerospace company’s stock after purchasing an additional 55 shares during the period. D.B. Root & Company LLC’s holdings in Lockheed Martin were worth $1,005,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Asset Planning Services Inc. LA ADV grew its stake in Lockheed Martin by 1.3% in the fourth quarter. Asset Planning Services Inc. LA ADV now owns 16,200 shares of the aerospace company’s stock valued at $7,872,000 after acquiring an additional 205 shares during the period. True North Advisors LLC lifted its holdings in shares of Lockheed Martin by 19.8% in the 4th quarter. True North Advisors LLC now owns 647 shares of the aerospace company’s stock worth $314,000 after purchasing an additional 107 shares in the last quarter. Wendell David Associates Inc. grew its position in Lockheed Martin by 1.2% in the 4th quarter. Wendell David Associates Inc. now owns 7,153 shares of the aerospace company’s stock valued at $3,476,000 after purchasing an additional 82 shares during the period. Traynor Capital Management Inc. increased its stake in Lockheed Martin by 22.8% during the 4th quarter. Traynor Capital Management Inc. now owns 15,583 shares of the aerospace company’s stock valued at $7,572,000 after purchasing an additional 2,896 shares in the last quarter. Finally, Wesbanco Bank Inc. raised its holdings in Lockheed Martin by 109.8% during the fourth quarter. Wesbanco Bank Inc. now owns 22,024 shares of the aerospace company’s stock worth $10,702,000 after buying an additional 11,527 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on LMT. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Robert W. Baird increased their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Barclays dropped their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada decreased their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, Citigroup dropped their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday. 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. Based on data from MarketBeat, the company has a consensus 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 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 $118.38 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 4.11 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a 50-day simple moving average of $500.84 and a 200 day simple moving average of $536.25.

Lockheed Martin (NYSE:LMT) last issued 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 net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter last year, the business posted $6.77 EPS. Lockheed Martin’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, research analysts predict that Lockheed Martin Co. will post 26.81 EPS for the current 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.