Advocate Group LLC Has $269,000 Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Advocate Group LLC increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 553 shares of the aerospace company’s stock after buying an additional 29 shares during the quarter. Advocate Group LLC’s holdings in Lockheed Martin were worth $269,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. CFS Investment Advisory Services LLC raised its position in shares of Lockheed Martin by 2.0% during the fourth quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company’s stock worth $530,000 after purchasing an additional 21 shares during the period. Grimes & Company Inc. raised its holdings in Lockheed Martin by 4.6% during the 4th quarter. Grimes & Company Inc. now owns 15,978 shares of the aerospace company’s stock worth $7,764,000 after buying an additional 708 shares during the period. McGuire Investment Group LLC raised its holdings in Lockheed Martin by 0.5% during the 4th quarter. McGuire Investment Group LLC now owns 9,115 shares of the aerospace company’s stock worth $4,429,000 after buying an additional 42 shares during the period. Gradient Investments LLC raised its holdings in shares of Lockheed Martin by 0.7% during the fourth quarter. Gradient Investments LLC now owns 11,510 shares of the aerospace company’s stock worth $5,593,000 after acquiring an additional 84 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Lockheed Martin by 56.5% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,390 shares of the aerospace company’s stock worth $6,021,000 after acquiring an additional 4,472 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LMT. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. UBS Group boosted their target price on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Stock Down 0.1 %

Shares of NYSE:LMT opened at $496.96 on Friday. The business has a fifty day simple moving average of $499.24 and a 200 day simple moving average of $536.23. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The firm has a market cap of $117.80 billion, a P/E ratio of 17.99, a P/E/G ratio of 4.05 and a beta of 0.48. 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 earnings per share (EPS) 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 firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the previous year, the firm earned $6.77 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. Analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current 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.