Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Builder Investment Group Inc. ADV

Builder Investment Group Inc. ADV raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,723 shares of the aerospace company’s stock after buying an additional 324 shares during the period. Lockheed Martin makes up approximately 1.5% of Builder Investment Group Inc. ADV’s portfolio, making the stock its 11th largest position. Builder Investment Group Inc. ADV’s holdings in Lockheed Martin were worth $5,697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Flywheel Private Wealth LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth $278,000. Winch Advisory Services LLC lifted its position in shares of Lockheed Martin by 17.7% during the 4th quarter. Winch Advisory Services LLC now owns 619 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 93 shares during the last quarter. Rovin Capital UT ADV lifted its position in shares of Lockheed Martin by 16.6% during the 4th quarter. Rovin Capital UT ADV now owns 788 shares of the aerospace company’s stock worth $383,000 after purchasing an additional 112 shares during the last quarter. Smith Thornton Advisors LLC lifted its position in shares of Lockheed Martin by 3.8% during the 4th quarter. Smith Thornton Advisors LLC now owns 814 shares of the aerospace company’s stock worth $396,000 after purchasing an additional 30 shares during the last quarter. Finally, RMR Wealth Builders lifted its position in shares of Lockheed Martin by 10.5% during the 4th quarter. RMR Wealth Builders now owns 3,124 shares of the aerospace company’s stock worth $1,518,000 after purchasing an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.2 %

NYSE LMT opened at $483.71 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. The stock has a market capitalization of $114.66 billion, a P/E ratio of 17.51, a P/E/G ratio of 3.76 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 firm has a 50-day moving average price of $508.95 and a 200 day moving average price of $535.59.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion for 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 company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $6.77 earnings per share. Equities research analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LMT shares. Royal Bank of Canada decreased their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Truist Financial began coverage on shares of Lockheed Martin in a research report on Tuesday. They issued a “buy” rating and a $579.00 price target for the company. Barclays reduced their price target on shares of 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, Susquehanna reduced their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $590.40.

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.