Ashton Thomas Private Wealth LLC Has $3.18 Million Stake in Lockheed Martin Corporation $LMT

Ashton Thomas Private Wealth LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT) by 43.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,373 shares of the aerospace company’s stock after buying an additional 1,920 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Lockheed Martin were worth $3,181,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in LMT. Barnes Dennig Private Wealth Management LLC raised its holdings in Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the third quarter valued at $27,000. Mid American Wealth Advisory Group Inc. bought a new position in Lockheed Martin during the 2nd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Lockheed Martin in the second quarter valued at approximately $29,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Lockheed Martin in the 3rd quarter valued at $35,000. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on LMT. BNP Paribas Exane boosted their price objective on shares of Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft increased their price target 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. UBS Group upped their price objective on shares of Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research report on Monday. TD Cowen boosted their target price on Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Finally, Robert W. Baird boosted their price objective on Lockheed Martin from $550.00 to $640.00 and gave the company 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $608.72.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $607.54 on Friday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The company has a 50-day simple moving average of $522.92 and a 200 day simple moving average of $484.97. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $646.59. The company has a market capitalization of $139.78 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 1.37 and a beta of 0.23.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The firm 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 company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.67 earnings per share. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Company Profile

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.