Lockheed Martin Corporation $LMT Shares Acquired by LexAurum Advisors LLC

LexAurum Advisors LLC increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 454.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,171 shares of the aerospace company’s stock after purchasing an additional 2,599 shares during the quarter. LexAurum Advisors LLC’s holdings in Lockheed Martin were worth $1,583,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Carnegie Investment Counsel increased its holdings in Lockheed Martin by 11.4% in the third quarter. Carnegie Investment Counsel now owns 29,639 shares of the aerospace company’s stock valued at $14,796,000 after buying an additional 3,031 shares during the last quarter. VCI Wealth Management LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $3,075,000. DAVENPORT & Co LLC increased its holdings in shares of Lockheed Martin by 22.4% in the 3rd quarter. DAVENPORT & Co LLC now owns 25,423 shares of the aerospace company’s stock valued at $12,688,000 after acquiring an additional 4,652 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Lockheed Martin by 29.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,036 shares of the aerospace company’s stock valued at $5,010,000 after acquiring an additional 2,270 shares in the last quarter. Finally, Laffer Tengler Investments Inc. lifted its stake in Lockheed Martin by 482.6% during the second quarter. Laffer Tengler Investments Inc. now owns 6,979 shares of the aerospace company’s stock worth $3,232,000 after purchasing an additional 5,781 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LMT. JPMorgan Chase & Co. increased their target price on shares of Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Citigroup boosted their price objective on shares of Lockheed Martin from $592.00 to $673.00 and gave the company a “neutral” rating in a research report on Thursday. DZ Bank lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective on the stock. in a research note on Tuesday, February 3rd. Susquehanna restated a “positive” rating and issued a $660.00 target price on shares of Lockheed Martin in a research note on Thursday, January 15th. Finally, Morgan Stanley set a $675.00 target price on Lockheed Martin in a report on Wednesday. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $612.50.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $623.25 on Monday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $646.59. The company has a market cap of $143.40 billion, a PE ratio of 29.00, a P/E/G ratio of 1.12 and a beta of 0.23. The stock has a 50 day simple moving average of $526.24 and a 200-day simple moving average of $487.10. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05.

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