Lockheed Martin Corporation $LMT Shares Purchased by Old West Investment Management LLC

Old West Investment Management LLC grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 36.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,804 shares of the aerospace company’s stock after buying an additional 10,326 shares during the period. Lockheed Martin accounts for approximately 4.4% of Old West Investment Management LLC’s holdings, making the stock its 3rd biggest holding. Old West Investment Management LLC’s holdings in Lockheed Martin were worth $19,371,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tableaux LLC increased its position in Lockheed Martin by 34,231.4% during the 2nd quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock worth $288,589,000 after purchasing an additional 621,300 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Lockheed Martin by 169.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock valued at $265,030,000 after acquiring an additional 359,748 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Lockheed Martin by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after acquiring an additional 214,565 shares in the last quarter. Holocene Advisors LP acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at $92,628,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Lockheed Martin during the 2nd quarter worth $89,850,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LMT shares. Truist Financial raised their price objective on Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Royal Bank Of Canada raised their target price on Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. The Goldman Sachs Group upped their price target on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a report on Monday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Finally, Robert W. Baird boosted their target price on shares of Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $612.50.

Lockheed Martin Stock Performance

Shares of LMT opened at $623.25 on Friday. The firm has a market cap of $143.40 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 1.39 and a beta of 0.23. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The business’s 50 day moving average is $526.24 and its two-hundred day moving average is $486.09. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $646.59.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $7.67 EPS. Analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.