Lockheed Martin Co. (NYSE:LMT) Shares Bought by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,059 shares of the aerospace company’s stock after purchasing an additional 118 shares during the period. Lockheed Martin comprises about 2.5% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 16th largest position. Penn Davis Mcfarland Inc.’s holdings in Lockheed Martin were worth $22,868,000 at the end of the most recent reporting period.

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

Lockheed Martin Trading Up 0.8 %

Shares of LMT opened at $490.60 on Monday. The firm’s 50-day moving average is $504.80 and its two-hundred day moving average is $535.54. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $116.29 billion, a P/E ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $6.77 EPS. On average, research analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LMT has been the subject of a number of research reports. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Susquehanna reduced their price objective on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Barclays lowered their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Robert W. Baird upped their price target on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus price target of $584.40.

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.