J2 Capital Management Inc Acquires New Position in Lockheed Martin Co. (NYSE:LMT)

J2 Capital Management Inc bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,035 shares of the aerospace company’s stock, valued at approximately $503,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. 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 purchased a new stake in Lockheed Martin in the 2nd quarter worth $27,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin during the third quarter valued at about $32,000. Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin in the third quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin in the third quarter worth about $42,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LMT shares. Wells Fargo & Company decreased their target price on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird raised their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. TD Cowen boosted their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Truist Financial started coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.40.

Lockheed Martin Trading Up 0.8 %

Shares of NYSE LMT opened at $490.60 on Friday. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The business has a fifty day simple moving average of $504.80 and a two-hundred day simple moving average of $535.05. The firm has a market cap of $116.29 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $6.77 earnings per share. Analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal 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.