SeaCrest Wealth Management LLC Purchases 192 Shares of Lockheed Martin Co. (NYSE:LMT)

SeaCrest Wealth Management LLC boosted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,835 shares of the aerospace company’s stock after buying an additional 192 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Lockheed Martin were worth $1,864,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC bought a new position in Lockheed Martin in the second quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth $32,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $40,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LMT. TD Cowen lifted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial started coverage on Lockheed Martin in a research report on Tuesday. They set a “buy” rating and a $579.00 target price for the company. Wells Fargo & Company cut their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Finally, Barclays cut their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. 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 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 Trading Up 0.2 %

LMT opened at $484.08 on Wednesday. The firm’s fifty day simple moving average is $508.95 and its 200 day simple moving average is $535.59. The stock has a market capitalization of $114.74 billion, a P/E ratio of 17.53, a P/E/G ratio of 4.05 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The company 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 company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $6.77 earnings per share. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.88 EPS for the current fiscal 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.