Birmingham Capital Management Co. Inc. AL Increases Position in Lockheed Martin Corporation $LMT

Birmingham Capital Management Co. Inc. AL increased its stake in Lockheed Martin Corporation (NYSE:LMT) by 12.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,765 shares of the aerospace company’s stock after buying an additional 1,650 shares during the period. Lockheed Martin accounts for 3.4% of Birmingham Capital Management Co. Inc. AL’s portfolio, making the stock its 7th largest position. Birmingham Capital Management Co. Inc. AL’s holdings in Lockheed Martin were worth $7,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC grew its stake in Lockheed Martin by 285.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 40 shares during the period. Grey Fox Wealth Advisors LLC purchased a new position in Lockheed Martin during the third quarter valued at $27,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin in the 2nd quarter worth about $29,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Lockheed Martin in the 3rd quarter worth about $35,000. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research report on Monday. Citigroup boosted their price target on Lockheed Martin from $592.00 to $673.00 and gave the stock a “neutral” rating in a research report on Thursday. Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Morgan Stanley set a $675.00 target price on Lockheed Martin in a report on Wednesday. Finally, The Goldman Sachs Group raised their price target on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $612.50.

Lockheed Martin Stock Performance

Shares of LMT opened at $623.25 on Friday. The company has a market cap of $143.40 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 1.39 and a beta of 0.23. The business’s fifty day simple moving average is $526.24 and its two-hundred day simple moving average is $486.09. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $646.59. 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 announced its quarterly earnings results 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). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The company had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the previous year, the business earned $7.67 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share 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.