Buck Wealth Strategies LLC Increases Stock Position in Lockheed Martin Corporation $LMT

Buck Wealth Strategies LLC lifted its holdings in shares of Lockheed Martin Corporation (NYSE:LMTFree Report) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,359 shares of the aerospace company’s stock after purchasing an additional 827 shares during the period. Lockheed Martin comprises approximately 1.6% of Buck Wealth Strategies LLC’s holdings, making the stock its 19th biggest holding. Buck Wealth Strategies LLC’s holdings in Lockheed Martin were worth $11,661,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tableaux LLC lifted its holdings in Lockheed Martin by 34,231.4% in the 2nd quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock valued at $288,589,000 after purchasing an additional 621,300 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Lockheed Martin by 169.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock worth $265,030,000 after buying an additional 359,748 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Lockheed Martin by 1.0% in the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after buying an additional 214,565 shares during the last quarter. Holocene Advisors LP purchased a new position in shares of Lockheed Martin during the second quarter valued at approximately $92,628,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Lockheed Martin during the second quarter worth approximately $89,850,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin News Roundup

Here are the key news stories impacting Lockheed Martin this week:

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $635.66 on Tuesday. The company has a market cap of $146.25 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 1.81 and a beta of 0.23. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $645.67. 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 stock’s 50-day moving average is $513.37 and its 200-day moving average is $482.11.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its 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 return on equity of 108.53% and a net margin of 6.69%.The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period last year, the company posted $7.67 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LMT shares. Royal Bank Of Canada boosted their price target on Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a report on Friday. Susquehanna reaffirmed a “positive” rating and issued a $660.00 price objective on shares of Lockheed Martin in a research report on Thursday, January 15th. Sanford C. Bernstein reiterated a “market perform” rating and set a $586.00 target price on shares of Lockheed Martin in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Finally, Truist Financial upped their price objective on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $592.88.

Check Out Our Latest Analysis on LMT

Lockheed Martin Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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