Madrona Financial Services LLC Raises Holdings in Lockheed Martin Co. (NYSE:LMT)

Madrona Financial Services LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 684 shares of the aerospace company’s stock after purchasing an additional 50 shares during the quarter. Madrona Financial Services LLC’s holdings in Lockheed Martin were worth $332,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in shares of Lockheed Martin by 60,592.0% during the third quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company’s stock valued at $911,433,000 after buying an additional 1,556,609 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of Lockheed Martin by 124.0% during the third quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company’s stock valued at $263,561,000 after acquiring an additional 249,591 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Lockheed Martin by 8.5% during the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock valued at $1,797,437,000 after acquiring an additional 240,306 shares in the last quarter. FMR LLC raised its stake in shares of Lockheed Martin by 6.6% during the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock valued at $1,981,088,000 after acquiring an additional 209,591 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Lockheed Martin by 14.9% during the second quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company’s stock valued at $646,828,000 after acquiring an additional 180,074 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research analyst reports. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price target for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Susquehanna lowered their price target 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. Finally, Citigroup lowered their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target of $577.73.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $503.65 on Thursday. 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 of $500.84 and a two-hundred day moving average of $536.25. The stock has a market capitalization of $119.38 billion, a PE ratio of 18.23, a P/E/G ratio of 4.11 and a beta of 0.48. 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 (NYSE:LMT) last announced its quarterly earnings data 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. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period last year, the business earned $6.77 EPS. The company’s revenue was up 1.3% on a year-over-year basis. On average, research analysts predict that Lockheed Martin Co. will post 26.81 EPS 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.