Lockheed Martin Corporation $LMT Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 9.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,410 shares of the aerospace company’s stock after buying an additional 3,352 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Lockheed Martin were worth $19,674,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Barnes Dennig Private Wealth Management LLC raised its stake in Lockheed Martin by 285.7% during 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 acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $27,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Lockheed Martin during the 2nd quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter valued at approximately $29,000. Finally, Frazier Financial Advisors LLC acquired a new position in Lockheed Martin in the second quarter valued at approximately $34,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on LMT. Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Sanford C. Bernstein reissued a “market perform” rating and set a $654.00 price objective on shares of Lockheed Martin in a research report on Friday. Morgan Stanley set a $675.00 price objective on shares of Lockheed Martin in a report on Wednesday. Royal Bank Of Canada increased their target price on shares of Lockheed Martin from $615.00 to $650.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Finally, Citigroup lifted their price target on shares of Lockheed Martin from $592.00 to $673.00 and gave the company a “neutral” rating in a research report on Thursday. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and an average target price of $612.50.

Lockheed Martin Stock Up 2.3%

Shares of NYSE:LMT opened at $623.25 on Monday. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. The firm has a market capitalization of $143.40 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 1.12 and a beta of 0.23. The firm’s 50-day moving average is $526.24 and its two-hundred day moving average is $487.10. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $646.59.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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 analysts’ expectations of $19.84 billion. During the same period in the previous year, the business posted $7.67 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts predict 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.