Bard Financial Services Inc. Buys 65 Shares of Lockheed Martin Co. (NYSE:LMT)

Bard Financial Services Inc. raised its position in Lockheed Martin Co. (NYSE:LMT) by 0.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 27,369 shares of the aerospace company’s stock after purchasing an additional 65 shares during the period. Lockheed Martin accounts for about 1.6% of Bard Financial Services Inc.’s portfolio, making the stock its 10th largest position. Bard Financial Services Inc.’s holdings in Lockheed Martin were worth $13,300,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC purchased a new position in Lockheed Martin during the 2nd quarter valued at about $27,000. Sachetta LLC boosted its stake in shares of Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 20 shares during the period. Burkett Financial Services LLC purchased a new stake in Lockheed Martin during the 3rd quarter worth approximately $32,000. Finally, Capital Performance Advisors LLP acquired a new stake in Lockheed Martin during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT traded down $10.69 during mid-day trading on Monday, hitting $471.13. 794,708 shares of the company’s stock were exchanged, compared to its average volume of 839,024. 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 fifty-two week low of $413.92 and a fifty-two week high of $618.95. The business’s 50 day moving average is $519.47 and its two-hundred day moving average is $535.38. The firm has a market capitalization of $111.67 billion, a P/E ratio of 17.06, a P/E/G 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 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same period last year, the business posted $6.77 EPS. The company’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts expect that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays cut their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday. TD Cowen boosted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their price objective on shares of Lockheed Martin from $602.00 to $543.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. Finally, Robert W. Baird increased their target price on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $601.79.

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.