Wealthcare Advisory Partners LLC Purchases 139 Shares of Lockheed Martin Co. (NYSE:LMT)

Wealthcare Advisory Partners LLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,519 shares of the aerospace company’s stock after purchasing an additional 139 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Lockheed Martin were worth $5,111,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $26,000. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin in the third quarter worth about $32,000. Mattson Financial Services LLC purchased a new position in Lockheed Martin during the second quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin in the third quarter worth $40,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin in the third quarter worth approximately $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.3 %

NYSE:LMT opened at $485.52 on Friday. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The stock has a market cap of $115.09 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 3.76 and a beta of 0.48. The company has a 50-day moving average price of $507.59 and a 200-day moving average price of $535.22. 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 (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping 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 analyst estimates of $17.38 billion. During the same quarter last year, the company earned $6.77 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research report on Thursday. Robert W. Baird upped their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Truist Financial began coverage on shares of Lockheed Martin in a research note on Tuesday. They set a “buy” rating and a $579.00 price target on the stock. Wells Fargo & Company cut their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group lifted their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.