Donaldson Capital Management LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,151 shares of the aerospace company’s stock after buying an additional 161 shares during the period. Lockheed Martin accounts for about 3.0% of Donaldson Capital Management LLC’s portfolio, making the stock its 4th largest position. Donaldson Capital Management LLC’s holdings in Lockheed Martin were worth $43,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the stock. Accurate Investment Solutions Inc. lifted its stake in shares of Lockheed Martin by 257.1% during the third quarter. Accurate Investment Solutions Inc. now owns 75 shares of the aerospace company’s stock worth $29,000 after buying an additional 54 shares during the period. KCS Wealth Advisory acquired a new stake in shares of Lockheed Martin in the third quarter worth $37,000. NewSquare Capital LLC purchased a new position in shares of Lockheed Martin during the second quarter worth $42,000. Ellis Investment Partners LLC raised its stake in shares of Lockheed Martin by 41.2% during the 3rd quarter. Ellis Investment Partners LLC now owns 137 shares of the aerospace company’s stock valued at $53,000 after buying an additional 40 shares during the last quarter. Finally, North Star Investment Management Corp. purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at about $65,000. 78.42% of the stock is currently owned by institutional investors.
LMT has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Lockheed Martin from $395.00 to $360.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price target on Lockheed Martin from $364.00 to $375.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Buckingham Research lifted their price target on Lockheed Martin from $405.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. They noted that the move was a valuation call. Credit Suisse Group reduced their price target on Lockheed Martin from $401.00 to $385.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Barclays reiterated a “hold” rating and set a $410.00 price target on shares of Lockheed Martin in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Lockheed Martin has an average rating of “Hold” and an average target price of $379.58.
Lockheed Martin stock traded down $2.77 during midday trading on Tuesday, reaching $416.25. The company had a trading volume of 346,882 shares, compared to its average volume of 1,081,240. The company has a market capitalization of $117.40 billion, a P/E ratio of 23.32, a P/E/G ratio of 2.41 and a beta of 0.94. Lockheed Martin Co. has a 12-month low of $270.63 and a 12-month high of $420.96. The firm’s fifty day simple moving average is $394.19 and its 200-day simple moving average is $381.65. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.28 and a quick ratio of 1.05.
Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $5.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.02 by $0.64. The firm had revenue of $15.17 billion for the quarter, compared to analyst estimates of $14.87 billion. Lockheed Martin had a net margin of 10.26% and a return on equity of 221.59%. Lockheed Martin’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $5.14 EPS. On average, analysts expect that Lockheed Martin Co. will post 21.62 EPS for the current fiscal year.
Lockheed Martin declared that its Board of Directors has authorized a share buyback plan on Thursday, September 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the aerospace company to repurchase up to 1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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