Pines Wealth Management LLC Invests $906,000 in Lockheed Martin Co. (NYSE:LMT)

Pines Wealth Management LLC purchased a new stake in Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,936 shares of the aerospace company’s stock, valued at approximately $906,000.

Other large investors have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC increased its stake in Lockheed Martin by 5.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 3,835 shares of the aerospace company’s stock valued at $1,864,000 after purchasing an additional 192 shares during the period. Wynn Capital LLC increased its position in Lockheed Martin by 1.0% in the 4th quarter. Wynn Capital LLC now owns 2,185 shares of the aerospace company’s stock valued at $1,062,000 after acquiring an additional 22 shares during the period. Capstone Wealth Management Group LLC raised its stake in Lockheed Martin by 3.5% during the 4th quarter. Capstone Wealth Management Group LLC now owns 1,522 shares of the aerospace company’s stock valued at $739,000 after acquiring an additional 52 shares during the last quarter. Cypress Financial Planning LLC lifted its position in Lockheed Martin by 4.3% during the 4th quarter. Cypress Financial Planning LLC now owns 4,059 shares of the aerospace company’s stock worth $1,972,000 after acquiring an additional 168 shares during the period. Finally, Signal Advisors Wealth LLC grew its stake in shares of Lockheed Martin by 9.8% in the 4th quarter. Signal Advisors Wealth LLC now owns 1,011 shares of the aerospace company’s stock valued at $491,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LMT shares. Citigroup upped their price target on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Robert W. Baird upped their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Barclays lowered 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. Susquehanna dropped their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, TD Cowen raised their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average target price of $590.40.

Lockheed Martin Stock Performance

NYSE LMT opened at $484.08 on Wednesday. The business has a 50 day moving average price of $508.95 and a 200 day moving average price of $535.59. The company has a market capitalization of $114.74 billion, a P/E ratio of 17.53, a PEG ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results 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 return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter last year, the business posted $6.77 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Sell-side analysts expect that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Lockheed Martin Company 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.