MFA Wealth Services Buys New Shares in Lockheed Martin Co. (NYSE:LMT)

MFA Wealth Services acquired a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 568 shares of the aerospace company’s stock, valued at approximately $276,000.

A number of other large investors have also made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin during the third quarter valued at about $26,000. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new position in shares of Lockheed Martin in the third quarter valued at $32,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin in the third quarter worth $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the third quarter worth $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT stock opened at $496.93 on Friday. The stock has a market capitalization of $117.79 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The company has a 50 day moving average price of $500.84 and a 200 day moving average price of $536.25. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95.

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, beating the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.77 earnings per share. Analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. cut their price target on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Barclays lowered their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Robert W. Baird raised their target price on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Finally, Truist Financial began coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $577.73.

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.