Wolff Wiese Magana LLC Boosts Holdings in Lockheed Martin Co. (NYSE:LMT)

Wolff Wiese Magana LLC raised its stake in Lockheed Martin Co. (NYSE:LMT) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,608 shares of the aerospace company’s stock after purchasing an additional 92 shares during the period. Lockheed Martin comprises 1.2% of Wolff Wiese Magana LLC’s portfolio, making the stock its 29th largest holding. Wolff Wiese Magana LLC’s holdings in Lockheed Martin were worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at about $26,000. Mattson Financial Services LLC purchased a new stake in Lockheed Martin in the second quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at approximately $32,000. Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin during the third quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LMT shares. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Robert W. Baird boosted their target price on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Royal Bank of Canada decreased their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. UBS Group boosted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their price objective on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average target price of $590.40.

Lockheed Martin Stock Up 0.2 %

Shares of Lockheed Martin stock opened at $485.35 on Wednesday. The company has a fifty day moving average price of $508.95 and a 200 day moving average price of $535.59. 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 twelve month low of $413.92 and a twelve month high of $618.95. The stock has a market cap of $115.04 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 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 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 was up 1.3% on a year-over-year basis. During the same period last year, the business posted $6.77 EPS. Equities research analysts forecast that Lockheed Martin Co. will post 26.88 earnings per share 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.