Premier Path Wealth Partners LLC Grows Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Premier Path Wealth Partners LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 29.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,551 shares of the aerospace company’s stock after purchasing an additional 1,247 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Lockheed Martin were worth $2,697,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin during the third quarter worth approximately $26,000. Burkett Financial Services LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth $32,000. Mattson Financial Services LLC acquired a new stake in Lockheed Martin during the 2nd quarter worth $27,000. Capital Performance Advisors LLP acquired a new position in Lockheed Martin in the third quarter valued at $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.8 %

Shares of NYSE LMT opened at $490.60 on Friday. 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 Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The firm’s 50-day moving average is $506.28 and its two-hundred day moving average is $534.89. The company has a market capitalization of $116.29 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS 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 the consensus estimate of $17.38 billion. During the same quarter in the previous year, the business earned $6.77 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on LMT. Truist Financial began coverage on Lockheed Martin in a research report on Tuesday. They issued a “buy” rating and a $579.00 price target on the stock. Robert W. Baird increased their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Susquehanna lowered their price objective on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. TD Cowen upped their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Citigroup lifted their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.40.

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.