Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Whitener Capital Management Inc.

Whitener Capital Management Inc. raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 6.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,677 shares of the aerospace company’s stock after acquiring an additional 100 shares during the quarter. Whitener Capital Management Inc.’s holdings in Lockheed Martin were worth $815,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LMT. Edgestream Partners L.P. raised its holdings in shares of Lockheed Martin by 63.6% in the second quarter. Edgestream Partners L.P. now owns 3,170 shares of the aerospace company’s stock worth $1,481,000 after buying an additional 1,232 shares during the last quarter. Brighton Jones LLC grew its stake in Lockheed Martin by 5.1% during the 2nd quarter. Brighton Jones LLC now owns 3,956 shares of the aerospace company’s stock valued at $1,848,000 after purchasing an additional 192 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Lockheed Martin by 12.4% in the second quarter. Ieq Capital LLC now owns 13,396 shares of the aerospace company’s stock valued at $6,257,000 after purchasing an additional 1,478 shares during the period. Wealth Advisors of Tampa Bay LLC purchased a new position in shares of Lockheed Martin in the second quarter worth about $2,107,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Lockheed Martin by 7.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 43,438 shares of the aerospace company’s stock worth $20,290,000 after purchasing an additional 3,047 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $490.60 on Friday. The company’s 50 day moving average is $506.28 and its two-hundred day moving average is $534.89. 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. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $6.77 earnings per share. On average, research analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank of Canada decreased their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company dropped their target price on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday. They set a “buy” rating and a $579.00 target price for the company. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, Susquehanna cut their price objective on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.