Stokes Capital Advisors LLC Grows Stake in Lockheed Martin Co. (NYSE:LMT)

Stokes Capital Advisors LLC raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,738 shares of the aerospace company’s stock after purchasing an additional 214 shares during the period. Lockheed Martin accounts for about 1.6% of Stokes Capital Advisors LLC’s portfolio, making the stock its 28th biggest position. Stokes Capital Advisors LLC’s holdings in Lockheed Martin were worth $6,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Thrive Wealth Management LLC boosted its stake in shares of Lockheed Martin by 1.9% during the 4th quarter. Thrive Wealth Management LLC now owns 3,841 shares of the aerospace company’s stock worth $1,866,000 after purchasing an additional 70 shares during the period. Divergent Planning LLC boosted its position in shares of Lockheed Martin by 62.2% during the fourth quarter. Divergent Planning LLC now owns 1,009 shares of the aerospace company’s stock valued at $472,000 after buying an additional 387 shares during the period. Diversify Wealth Management LLC grew its stake in shares of Lockheed Martin by 38.2% during the fourth quarter. Diversify Wealth Management LLC now owns 5,527 shares of the aerospace company’s stock valued at $2,587,000 after buying an additional 1,528 shares during the last quarter. LVW Advisors LLC raised its holdings in shares of Lockheed Martin by 11.1% in the fourth quarter. LVW Advisors LLC now owns 1,230 shares of the aerospace company’s stock worth $598,000 after buying an additional 123 shares during the period. Finally, Smart Money Group LLC lifted its stake in shares of Lockheed Martin by 5.8% during the 4th quarter. Smart Money Group LLC now owns 1,450 shares of the aerospace company’s stock worth $704,000 after acquiring an additional 80 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent analyst reports. TD Cowen increased their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Barclays lowered their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Citigroup lifted their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada dropped their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. One 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.40.

Lockheed Martin Trading Up 0.8 %

NYSE LMT opened at $490.60 on Monday. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a 50 day moving average price of $504.80 and a 200 day moving average price of $535.54. 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 $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 issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 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 during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the prior year, the business posted $6.77 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 26.89 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.